Commercial Bank Cameroon
| Industry | Finance |
|---|---|
| Founded | 1997 |
| Headquarters | , |
Key people | Yves-Michel Fotso, President Jean Pierre Coti, Director General |
| Services | Banking |
| US$3 million (2007) | |
| Total assets | US$309 million (2007) |
| Subsidiaries | SFA Financial Products |
| Website | Homepage |
Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a commercial bank in Cameroon. It is one of the fourteen (14) Cameroonian commercial banks licensed by the Central Bank of Central African States, the national banking regulator. The bank caters to both individuals and businesses through a variety of financial products. CBC is the flagship of the Commercial Bank Group, headquartered in Douala, Cameroon, with subsidiaries in Chad, Central African Republic, Equatorial Guinea and São Tomé and Príncipe.
History
In 1997, following the closure of the Cameroonian operations of several International banks, including Crédit Agricole, BICIC and Meridien BIAO, Cameroonian corporate investors, private Cameroonian citizens and the German Investment Corporation (DEG), pooled resources and put together FCFA 3 billion (approximately US$6.5 million) to start Commercial Bank of Cameroon. Over the years, the owners of CBC have expanded their operations to four other Central African countries.[1] As of December 2007[update], the Commercial Bank of Cameroon had an estimated capital base of US$19 million and total assets of about US$309 million.[2]
Commercial Bank Group
As of October 2010[update], the following companies comprise the Commercial Bank Group: [3]
- Commercial Bank of Cameroon (CBC) -
Cameroon - Commercial Bank Chad (CBT) -
Chad - Commercial Bank Centrafrique (CBCA) -
Central African Republic - Commercial Bank Equatorial Guinea (CBGE) -
Equatorial Guinea - Commercial Bank São Tomé and Príncipe (CBSTP) -
São Tomé and Príncipe - SFA Financial Products - Cameroon - Commercial Bank Group has 51.4% shareholding.[4]
Ownership
The stock of Commercial Bank Cameroon, is privately owned by Cameroonian and foreign investors. The major shareholders are listed in the table below: [5]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Fotso Group of Cameroon | |
| 2 | SNAC Insurance Group of Cameroon | |
| 3 | Private Cameroonian Investors | |
| 4 | German Investment Corporation (DEG) | 15.00 |
| 5 | Other Non-Cameroonian Investors | 13.06 |
| Total | 100.00 |
Branch network
The bank maintains branches at the following locations: [6]
- Maroua Branch - Maroua
- Garoua Branch - Boulevard Lamido Hayatou, Garoua
- Bafoussam Branch - Avenue de la Republique, Bafoussam
- Akwa Branch - Boulevard de l'Unite, Akwa
- Douala Branch - Boulevard Charles De Gaulle, Douala Main Branch
- Yaoundé Branch - Yaoundé
See also
- Commercial Bank Centrafrique
- Commercial Bank Group
- List of banks in Cameroon
- Central Bank of Central African States
References
- ^ History of CBC
- ^ "Cameroon's Top 5 Banks". The Entrepreneur - Cameroon's Premier Economic & Business Journal. Retrieved 2017-08-16.
- ^ Members of Commercial Bank Group
- ^ About SFA Financial Products
- ^ Shareholding In Commercial Bank Cameroon
- ^ "Branches of Commercial Bank Cameroon". Archived from the original on 2011-07-08. Retrieved 2010-10-26.
External links
- Website of Commercial Bank Cameroon (French & English
- Website of Central Bank of Central African States (French)
- Overview of Cameroonian Commercial Banks