Afriland First Bank

Afriland First Bank
Company typeJoint stock
IndustryFinance
Founded1987
Headquarters1063 Place de l'Indépendance
Yaoundé, Cameroon
Key people
Jean Paulin Fonkua
Chairman[1]
Alphonse Nafack
General Manager
ProductsFinancial services
RevenueIncrease Aftertax: €19,186,000) (2016)[2]
Total assets€2.98 billion (2016)[2]
Websitehttp://www.afrilandfirstbank.com

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 and Zambia. The bank was founded in Yaoundé in 1987 under the name of Caisse Commune d'Epargne et d'Investissement. It is the largest financial services group in Cameroon.

Overview

The bank is a large financial services provider in with global customer deposits in excess of €2,840,404,000, as of December 2016. The bank with its subsidiaries around the world had a combined asset base valued at €2.98 billion in December 2016.[2]

Subsidiaries

As of October 2019 the bank maintains subsidiaries in the following countries:[3]

CCEI Bank headquarters in Malabo

The banking group was granted a commercial banking license by the Bank of Uganda, in September 2019.[5] After starting operations on 1 December 2020, the subsidiary voluntarily surrendered its banking license in May 2022, following a "strategic business review" by Afriland Group, who were the shareholders.[6]

Representative offices

In the following countries, the bank has representative offices only:

Branch network

As of December 2012, the bank maintains 32 networked branches inside the Republic of Cameroon.[7]

See also

References

  1. ^ "Members of Board of Directors". Archived from the original on 2011-09-09. Retrieved 2013-10-15.
  2. ^ a b c Afriland First Group (2017). "2016 Consolidated Financial Statements of Afriland First Group (Bank & International Subsidiaries" (PDF). Yaounde: Afriland First Group. Retrieved 7 October 2019.
  3. ^ Afriland First Bank Network
  4. ^ Afriland First Bank Acquires 80% Shareholding In Intermarket Bank Archived September 11, 2012, at the Wayback Machine
  5. ^ Daily Monitor (4 October 2019). "Bank of Uganda Grants Licenses To Opportunity Bank, Afriland First Bank". Daily Monitor. Kampala, Uganda. Retrieved 7 October 2019.
  6. ^ Martin Luther Oketch (27 May 2022). "Afriland bank exits after two years of operation". Daily Monitor. Kampala, Uganda. Retrieved 29 May 2022.
  7. ^ "Afriland First Bank declares CFAF 300 billion profit in 2012, remains Cameroon's biggest bank - Business in Cameroon". Business in Cameroon. Retrieved 2017-08-16.