(Business in Cameroon) - Banque camerounaise des PME (BCPME – The Cameroonian SME Bank), which opened a branch in Yaoundé on July 20, 2015 (the other in Douala will open on August 3) will be taking three months to grant the first loans to customers who will be recruited in the interval, announced Agnès Ndoumbe Mandeng, the Managing Director of Cameroon’s 14^th banking in Cameroon.

The opening of BCPME on July 20 incited the interest of SME managers, who came in from the first day to gather information. This interest is the proof of the hope placed in the new bank by SME supporters which currently, “bear the highest interest rates on the loans granted by the banks in comparison to the rates applied to corporations,” as reveals a recent report by Cameroon’s loan committee.

Created with a mission to resuscitate SMEs which generally have difficulty accessing financing from traditional banks, BCPME has 10 billion FCFA capital and is fully owned by the Cameroonian government.