(Business in Cameroon) - BGFI’s CEO is more than proud of his Cameroonian subsidiary. At the budget conference for the bank group’s ten subsidiaries on November 4-8, 2014 in Douala, Cameroon’s economic capital, Henri Claude Oyima revealed that the CEMAC’s top banking group’s Cameroonian subsidiary, with a total of 3.023 trillion FCFA in 2013, “is among the most dynamic in our group.”

This dynamism is apparent in BGFI Cameroon’s results for 2013 which grew by 50% relative to the previous year. “We are quite pleased with our Cameroonian subsidiary’s results,” stated BGFI’s CEO. He went on to add that the choice of Douala for the group’s budget conference is a gesture of “recognition and encouragement” for the team stationed in Cameroon.

Created in 1971, BGFI came to Cameroon in 2011. It currently has four branches in Cameroon, three of which are in Douala and one in Yaoundé. The banking group’s heads have stated that, in 2015, BGFI will expand its network to the West and North-West regions.