Cameroon – Bank: BICEC, a subsidiary of BPCE, expects a net banking income of 60 billion in 2017 against 51 billion CFA francs in 2016

Bicec, a subsidiary of Bpce, expects a net banking income of 60 billion in 2017 against 51 billion CFA francs in 2016
Written by Gisele Alba

The Banque internationale du Cameroun pour l’épargne et le crédit (BICEC), a subsidiary of the French group BPCE, announced to the press on 13 June in Yaoundé that it expects a better performance in 2017 compared to 2016, the year which the bank discovered a bank fraud that resulted in a negative result.

The 2017 forecasts promise a bright future for Bicec with a forecast result of more than CFAF 10 billion. Concerning the net banking income [GNP] 2017, it is close to 60 billion FCFA against 50.8 billion FCFA in 2016, “announced Alain Ripert.

The general manager of the banking establishment explained that with a positive GNP, symbol of the wealth created by the bank, there is proof of the strength of the Bicec. If Alain Ripert was not precise about the “negative result” in 2016, he said that the outstanding loans increased by 15%, amounting to 500 billion FCFA.

The Cameroon branch of BPCE gradually emerges from a zone of turbulence. As a reminder, on June 1, 2016, its lawyers filed a complaint against X, with the court of high authority of Douala for reasons of embezzlement. Subsequently, on August 8, 2016, Innocent Ondoa Nkou, former deputy general manager (DGM) of the bank for 20 years, was incarcerated in the central prison of Douala, New-Bell. Following on from Mr. Ondoa Nkou, Benoit Ekoka, accountant, Samuel Ngando Mbongue, former head of accounting and treasury, and Martin Nyamsi, a service provider to the bank through his “Interface” company, were also arrested .

All these people are suspected of having established, between 2003 and 2013, a fictitious market system that has escaped all controls for ten years. The president of the board, Jean Baptiste Bokam, talks about “several billions of FCFA diverted“.


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Gisele Alba

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