Best answer: Which is the best bank in Cameroon?

Ecobank Cameroon is among the top best performing banks in Cameroon which, collectively, account for 75% of the deposits and loans on the national banking market.

What is the biggest bank in Cameroon?

Temenos (SIX: TEMN), the banking software company, today announced that Afriland First Bank, the largest financial services group in Cameroon, has chosen Temenos T24 Core Banking platform to power its digital transformation journey.

Which bank in Cameroon is world wide?

Standard Chartered in Cameroon

Standard Chartered Bank Cameroon S.A is a core part of Standard Chartered Group’s strategic footprint in the Central African Region, combining international expertise and capabilities with deep-rooted local knowledge.

What are the international banks in Cameroon?

List of banks in Cameroon

  • Access Bank Cameroon.
  • Afriland First Bank.
  • Atlantic Bank Cameroon.
  • Banque International du Cameroun pour l’Epargne et le Crédit (BICEC)
  • Banque Camerounaise des Petites et Moyennes Entreprises (BC-PME SA)
  • BGFI Bank Cameroon.
  • SCB Cameroun.
  • Crédit Communautaire d’Afrique Bank (CCA Bank)
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How many commercial banks are there in Cameroon?

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.

Is there Bank of America in Cameroon?

Bank of America has sold its 65 percent share in Bank of America- Cameroon to a group of local businessmen headed by the country’s most dynamic young entrepreneur, James Onobiono. The bank is to be renamed International Bank of Africa-Cameroon. BofA has a renewable two-year contract to provide technical assistance.

Which Cameroon bank is in Dubai?

Afriland First Bank, Cameroon – Company Information, Key People, Latest News and Contact Details – ZAWYA UAE Edition.

Is Cameroon low income?

Cameroon is a lower-middle-income country with a population of over 25 million (2018). Located along the Atlantic Ocean, it shares its borders with the Central African Republic, Chad, Equatorial Guinea, Gabon, and Nigeria.

Which Nigeria Bank is in Cameroon?

Access Bank Plc (“the Bank”) is pleased to notify the Nigerian Stock Exchange that it has obtained the Central Bank of Nigeria’s ‘No Objection’ to its proposed expansion into the Republic of Cameroon through the setting up of a banking subsidiary.

Do we have access bank in Cameroon?

Upon completion of all necessary regulatory filings in Cameroon, Access Bank Plc will become the 16th commercial bank to operate in the country alongside United Bank of Africa (UBA). Local media reports in Cameroon suggest that the new subsidiary’s headquarters will be in Douala, Cameroon’s economic capital.

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Where is access bank located in Cameroon?

(Business in Cameroon) – Nigerian banking group Access Bank just created a subsidiary in Cameroon. With an initial capital of about XAF14. 5 billion, the new subsidiary’s headquarters will be in Douala, Cameroon’s economic capital.

Is there UBA in Cameroon?

The group maintains subsidiaries in Nigeria, Ghana, Benin, Ivory Coast, Burkina Faso, Guinea, Chad, Cameroon, Kenya, Gabon, Tanzania, Zambia, Uganda, Liberia, Sierra-Leone, Mozambique, Senegal, DR Congo, Congo Brazzaville, Mali, the United States of America, the United Kingdom, and France.

Is Ecobank an international bank?

Today, the Ecobank Group is a world-class institution and a torchbearer for Africa. With a presence in 35 sub-Sahara African countries, the Ecobank brand is synonymous with banking in Africa.

How do I start a bank in Cameroon?

In general, to open a current bank account in Cameroon, you will have to produce two 4×4 identity photos, proof of income such as your recent pay slips, proof of address and a certified copy of your passport or national identity card. Other documents may be requested, depending on the bank you have chosen.

Is First Bank in Cameroon?

Afriland First Bank is a full-service bank in Cameroon, with subsidiaries in the Democratic Republic of the Congo, Equatorial Guinea, Guinea, Liberia, South Sudan, São Tomé and Príncipe, Uganda and Zambia.

What is function of commercial bank?

Answer: The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

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Hai Afrika!