Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Cameroon Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the C ...

. It is one of the 14 Cameroonian commercial banks licensed by the

Central Bank of Central African States The Bank of Central African States (french: Banque des États de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: *Cameroon *Central Africa ...

, 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 Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region. Home to Central Africa's largest port and its major international airport, Douala International Airport (DLA), it is the com ...

, Cameroon, with subsidiaries in Chad,

Central African Republic The Central African Republic (CAR; ; , RCA; , or , ) is a landlocked country in Central Africa. It is bordered by Chad to the north, Sudan to the northeast, South Sudan to the southeast, the DR Congo to the south, the Republic of th ...

, 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 Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter ...

(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. , the Commercial Bank of Cameroon had an estimated capital base of US$19 million and total assets of about US$309 million.

Commercial Bank Group

, the following companies comprise the Commercial Bank Group: *

Commercial Bank of Cameroon Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a commercial bank in Cameroon. It is one of the 14 Cameroonian commercial banks licensed by the Central Bank of Central African States, the national banking regula ...

(CBC) -

* Commercial Bank Chad (CBT) - Chad *

Commercial Bank Centrafrique Commercial Bank Centrafrique CBCA, is one of the largest banks in the Central African Republic. It is a member of the Commercial Bank Group and is affiliated with the Commercial Bank Tchad (CBT), the Commercial Bank of Cameroon (CBC), the Comm ...

(CBCA) -

* Commercial Bank Equatorial Guinea (CBGE) - Equatorial Guinea * Commercial Bank São Tomé and Príncipe (CBSTP) - São Tomé and Príncipe * SFA Financial Products -

- Commercial Bank Group has 51.4% shareholding.

Ownership

The stock of Commercial Bank Cameroon, is privately owned by Cameroonian and foreign investors. The major shareholders are listed in the table below:

Branch network

The bank maintains branches at the following locations: # Maroua Branch -

Maroua Maroua (Fula: Marwa 𞤥𞤢𞤪𞤱𞤢) is the capital of the Far North Region of Cameroon, stretching along the banks of the Ferngo and Kaliao Rivers, in the foothills of the Mandara Mountains. The city had 301,371 inhabitants at the 2005 ...

# Garoua Branch - Boulevard Lamido Hayatou,

Garoua Garoua or Garua (Fula: Garwa 𞤺𞤢𞤪𞤱𞤢) is a port city and the capital of the North Region of Cameroon, lying on the Benue River. A thriving centre of the textiles and cotton industries, the city has approximately 1,285,000 inhabita ...

# Bafoussam Branch - Avenue de la Republique,

Bafoussam Bafoussam is the capital and largest city of the West Region of Cameroon, in the Bamboutos Mountains. It is the 3rd most important (financially) city in Cameroon, after Yaoundé and Douala. The ''communauté urbaine'' (Urban Community) of Bafous ...

# Akwa Branch - Boulevard de l'Unite, Akwa # Douala Branch - Boulevard Charles De Gaulle,

Main Branch # Yaoundé Branch -

Yaoundé Yaoundé (; , ) is the capital of Cameroon and, with a population of more than 2.8 million, the second-largest city in the country after the port city Douala. It lies in the Centre Region of the nation at an elevation of about 750 metres (2,50 ...

References

External links