(Business in Cameroon) - Most banks in Cameroon fail to make available to their customers, in their respective branches, all their terms as normally required. These terms which include the banks’’ various offers and costs of services appear in the form of a chart.

As a matter of facts, banks and microfinance establishments in Cameroon rarely disclose their details and data on the platform which was created by the National Committee for Loans in order to disseminate relevant information to the Cameroonian banking community as well as achieve a better follow-up for banking activities in the country.

These observations were stated in warning releases recently published by the Ministry of Finance. Indeed, Minister of Finance, Alamine Ousmane Mey, whilst referring to the country’s current financial regulatory system, prompted the Banks and microfinance establishments to comply with this system or face serious penalties.