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Yaoundé - 17 July 2018 -
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BICEC’s total balance sheet registered an 11% increase during the 2017 fiscal year

BICEC’s total balance sheet registered an 11% increase during the 2017 fiscal year
  • Comments   -   Wednesday, 28 March 2018 13:03

(Business in Cameroon) - BICEC informs that on March 23, 2018, in Douala, its general assembly approved the financial result of the 2017 fiscal year.

The bank informs that the volume of its activity increased in 2017. Indeed, during the year under review, the total balance sheet was CFA765 billion while in 2016, it was CFA690 billion; an 11% increase. The bank also reveals that the net banking income is CFA59.6 billion, an increase by 17%. The gross operating income has risen by 39% to stand at CFA28 billion. In addition, during the period under review, the net income was CFA9.5 billion.

The Cameroonian subsidiary of the French group BPCE estimates that it is trusted by clients because, in 2017, the deposits rose by 10%, crossing the CFA600 billion threshold.

The bank further presents itself as a socially responsible financial institution since its investments in Cameroon’s economy by December 31, 2017, stood at CFA548 billion. This represents an increase by CFA11 billion compared to the volume of that same investment in 2016.

Sylvain Andzongo

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