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Cameroon Banking Sector: Excellent Backward

Cameroon banking sector witnessed a drop in 2015 according to « Jeune Afrique » magazine. The country witnessed a drop from 7 banks among the first 200 in the African continent in 2014 to 6 in 2015. The performances of the best 6 also witnessed considerable failures. The classification is done on the basis of business turnover. The first Cameroonian bank, Afriland First Group occupied the 78th position in the continent and second within the sub-regional region. The second, Afriland First Bank, maintained the 151st position as against 137th in 2014. Société Général Cameroun came third, dropping from 144 in 2014 to 154 in 2015. The Banque International pour l’Epargne et le Crédit (BICEC) also recorded a sharp fall in performance-from 158 in 2014 to 184 in 2015. 

The Société Commerciale de Banque (SCB) Cameroun and Ecobank Cameroun are the last Cameroonian banks to feature on the rating. They were classified 197 in 2015 as against 183 in 2014 and 199 in 2014 against 189 in 2015 respectively. Ten Cameroonian banks were rated among the top 50 of the region. Afriland First Group, Afriland First Bank and Société Général Cameroun, are the first three Cameroonian banks while United Bank for Africa, Standard Chartered Bank Africa and BGFI Bank Cameroun were least on the Cameroon rating, though their performances are far better than other banks in the sub-region.

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .



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