Business

Cameroon – Finance: Cameroonian Banks not among the best in Africa

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Written by Deckson N.

Cameroonian banks are not the at the 2016 top 200 African banks just published by the French magazine Jeune Afrique.

Indeed, we can observe no less than eight banking institutions in this country among the last 50 places in this hit parade.

Although still ranked first in the country, Afriland First Bank loses three seats, despite a balance sheet total of more than 770 billion CFA francs. As for Afriland First Group, the financial holding company which covers all African subsidiaries of the Cameroonian banking group, it is simply out of this list.

Three seats, it is also the number of seats lost in the rankings by the Cameroonian subsidiary of the French banking group Société Générale and Banque Populaire (BICEC).

SCB Cameroon, the local subsidiary of the Moroccan Attijariwafa, loses two places in the 2016 rankings of the top 200 African banks.

The only satisfaction, just to say so, is from Ecobank Cameroon, which makes progress in the rankings in 2016, notably by gaining four places compared to 2015. A downside, however since the Cameroonian subsidiary of the Ecobank Group is ranked 195th 200 banks.

Regionally, Central Africa is the “last in class” on the ranking, according to the magazine.

About the author

Deckson N.

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