Cameroon: Afriland First Bank reports CFA618bn in credit granting, as at June 30

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Cameroon: Afriland First Bank reports CFA618bn in credit granting, as at June 30

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- Thursday, 16 August 2018 16:16

(Business in Cameroon) - Cameroon’s largest bank Afriland First Bank announced it has granted a total of CFA618 billion in credit, as at June 30 2018. Credits were granted as salary advances, overdrafts, schooling and automotive credits as well as mortgages.

The same period last year, the group was one of the five institutions (including Société Générale Cameroun, Ecobank, SCB and Bicec), which provided about 72% of loans granted to the country, the finance ministry said. This includes the CFA3,321.1 billion bank loans granted to Cameroon in June 2017, of which Afriland and the 4 other banks provided CFA2,391.19 billion.

Let’s note that Afriland Bank currently operates 43 branches (out of a total of 283 bank branches in Cameroon), 117 ATMs and 197 electronic terminals. The banking sector includes 14 banks and 9 financial institutions (eight of which were operational in 2017).

S.A

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