Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a commercial bank in Cameroon. It is one of the 19 Cameroonian commercial banks licensed by the Central Bank of Central African States, 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, Cameroon, with subsidiaries in Chad, Central African Republic, 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 (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.History of CBC , 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: Members of Commercial Bank Group
Commercial Bank of Cameroon (CBC) - Cameroon Commercial Bank Chad (CBT) - Chad Commercial Bank Centrafrique (CBCA) - Central African Republic Commercial Bank Equatorial Guinea (CBGE) - Equatorial Guinea Commercial Bank São Tomé and Príncipe (CBSTP) - São Tomé and Príncipe SFA Financial Products - Cameroon - Commercial Bank Group has 51.4% shareholding.About SFA Financial Products
Ownership The stock of Commercial Bank Cameroon, is privately owned by Cameroonian and foreign investors. The major shareholders are listed in the table below: Shareholding In Commercial Bank Cameroon
+ Commercial Bank Cameroon Stock Ownership Rank Name of OwnerPercentage Ownership1Fotso Group of Cameroon2SNAC Insurance Group of Cameroon3Private Cameroonian Investors4German Investment Corporation (DEG)15.005 Other Non-Cameroonian Investors 13.06 Total100.00
Branch network The bank maintains branches at the following locations:
Maroua Branch - Maroua Garoua Branch - Boulevard Lamido Hayatou, Garoua Bafoussam Branch - Avenue de la Republique, Bafoussam Akwa Branch - Boulevard de l'Unite, Akwa Douala Branch - Boulevard Charles De Gaulle, Douala Main Branch Yaoundé Branch - Yaoundé
See also Commercial Bank Centrafrique Commercial Bank Group List of banks in Cameroon Central Bank of Central African States
References
External links Website of Commercial Bank Cameroon (French & English Website of Central Bank of Central African States (French)