logoBC
Yaoundé - 29 March 2024 -
Finance

BVMAC-listed microfinance “La Régionale” announces 10.5% YoY growth for its H1-2021 turnover

BVMAC-listed microfinance “La Régionale” announces 10.5% YoY growth for its H1-2021 turnover
  • Comments   -   Wednesday, 27 October 2021 11:27

“(Business in Cameroon) - LA Régionale”, the Cameroonian microfinance institution that entered the regional exchange market BVMAC last February, announces good performance for H1-2021. 

According to a release issued on October 26, 2021, the institution claimed that during the said period, it recorded a XAF249 million (+10,55%) year-over-year growth in its turnover. Similarly, its net financial income rose by XAF258 million while its operating income grew by XAF108 million.  

La Régionale does not specify the reasons for these performances. It only comments that they were achieved after its listing on the BVMAC. The microfinance institution also announces that in the second half of 2021, its main growth drivers will be school loans and credit to the economy to fund economic recovery.

The microfinance institution’s plan to get listed on the BVMAC was announced on February 3, 2021, by Charles Rollin Ombang Ekath, its founder and CEO. The aim was to raise XAF8.23 billion to transform the microfinance institution into a universal bank. However, only XAF2.58 billion was raised mostly from Cameroonian investors. 

S.A.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »