(Business in Cameroon) - In an economic environment marked by the strengthening of COBAC’s regulatory requirements, during the 2017 fiscal year, BGFIBank Cameroon has grown considerably and the performance indicators were positive.  

Indeed, on a year on year basis, the company’s balance sheet has increased by 12% to stand at CFA305 billion and the permanent capital was CFA35 billion (+14). During the year under review, customers’ deposit grew to CFA192 billion (+12%) and the customers’ loans evolved by 19% to stand at CFA228 billion.  

In the same wake, the net banking income, the gross operating income, and the net result stood respectively at CFA21 billion (+13%), CFA11 billion (+14%) and CFA5.1 billion (+11%). Let’s note that during the period under review, the cost to income ratio was stable (47%), the return on equity was 34% and the dividend to be distributed is CFA3 billion.  

For the record, following the resignation of Mrs. Josiane Tchoungui, the deputy managing director, the board of directors appointed Mr.Abakal Mahamat to replace her. The man, 37, joined BGFIBank as an account manager in 2011. He then went up the corporate ladder to become the manager of the bank’s agency in Yaoundé (a position he held till his promotion). He holds a Masters in Economics and a BA in Economics of money and banking.