Yaoundé - 19 March 2019 -

SCB Cameroun : The minnow of Attijariwafa Bank

SCB Cameroun : The minnow of Attijariwafa Bank
  • Comments   -   Wednesday, 11 April 2018 11:21

(Business in Cameroon) - Despite being one of the five leading banks in Cameroon Société commerciale de banque (SCB Cameroun), a subsidiary of Attijariwafa Bank is just a minnow in the Moroccan banking group’s assets.

Indeed, in the briefing note published by the bank on the sidelines of the issuance of AED1.2 billion (CFA69.4 billion) subordinated bonds in 2017, it was revealed that SCB Cameroun represents 1.9% of the total balance sheet.

In the same note, the group revealed that the Cameroonian subsidiary contributes to 3.5% of its overall net result and 3.4% of the net banking income.  


Mags frontpage

Business in Cameroon n73: March 2019

A heavy import bill

An expert review of Cameroon’s agricultural sector

Investir au Cameroun n83: Mars 2019

La douloureuse facture des importations

Parole d’expert : le point sur le secteur agricole camerounais