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EquityBCDC is now authorized to collect fees related to subcontracting in the Democratic Republic of Congo. Alongside the ARSP (Regulatory Authority for Subcontracting in the Private Sector), the ANADEC (National Agency for the Development of Congolese Entrepreneurship), the FOGEC (Guarantee Fund for Entrepreneurship in Congo), and the APROCM (Agency for the Promotion of the Congolese Middle Classes), the bank plays a central role in the collection and efficient management of payments associated with subcontracting contracts.
As the leading bank for financing and supporting SMEs in the DRC, EquityBCDC has implemented a simplified, digital, and secure collection process to ensure compliance for companies subject to the subcontracting fee. Primary companies, whether clients or not, can easily pay the fee into the EquityBCDC "FEE FOR SUBCONTRACTING MARKETS" account, in Congolese francs and US dollars. This initiative not only contributes to strengthening the transparency of financial transactions, but also to improving the efficiency and traceability of tax and royalty payments at the national level. Under Decree 20/025, primary companies are required to collect and remit a 1.2% royalty (excluding VAT) on subcontracting contracts.
EquityBCDC provides a secure, fast, and regulatory-compliant collection solution via: Bank transfers:
Payment instructions directly from EquityBCDC client accounts or from another bank. Cash deposits: Available at all EquityBCDC branches.
Payment automation: Digital solutions to optimize the management of companies' legal obligations.
Short code: 15051307010136, IBAN: 00011-000015051307010136 CDF
Short code: 15051307010137, IBAN: 00011-000015051307010137 USD
EquityBCDC is committed to supporting debtor companies in the proper implementation of the payment procedure by providing them with:
- Dedicated customer service: Assistance with compliance and management of legal obligations. Adapted banking solutions:
- Account opening and management, SME financing, and cash management tools.
- Awareness and training sessions:
For account managers and financial officers of the companies concerned. By facilitating the collection of subcontracting revenues, EquityBCDC actively contributes to the development of small and medium-sized enterprises (SMEs) in the DRC, in collaboration with public institutions.
The bank has developed products and services dedicated to subcontractors, entrepreneurship support, guarantee solutions for better access to financing, and banking inclusion for the Congolese population, which strengthens the middle class in the DRC. EquityBCDC reiterates the importance of respecting payment deadlines, set at 15 business days, in accordance with current regulations.
The bank makes every effort to ensure a smooth, efficient, and transparent collection process.
About EquityBCDC:
EquityBCDC is a subsidiary of Equity Group (EGH) Holdings Plc, following EGH's acquisition of a majority stake in BCDC in July 2020. The bank has been operating in the DRC since 1909.
EquityBCDC facilitates access to banking services for all and finances micro, small, medium, and large enterprises through inclusive financial products and services that economically and socially strengthen consumers, businesses, and communities. EquityBCDC's vision is to champion socioeconomic prosperity for the people of Africa by transforming lives, restoring dignity, and creating opportunities for wealth creation.
Media Contact:
Lesly Tungwa
Director of Communications and Marketing
Equity Banque Commerciale du Congo
https://equitygroupholdings.com/cd
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