Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Cameroon Cameroon, officially the Republic of Cameroon, is a country in Central Africa. It shares boundaries with Nigeria to the west and north, Chad to the northeast, the Central African Republic to the east, and Equatorial Guinea, Gabon, and the R ...

. It is one of the 19 Cameroonian commercial banks licensed by the

Central Bank of Central African States Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

, the national banking regulator. The bank caters to both individuals and businesses through a variety of financial products. CBC is the flagship of the Commercial Bank Group, headquartered in

Douala Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region (Cameroon), Littoral Region. It was home to Central Africa's largest port, now being replaced by Kribi port. It has the country ...

, Cameroon, with subsidiaries in

Chad Chad, officially the Republic of Chad, is a landlocked country at the crossroads of North Africa, North and Central Africa. It is bordered by Libya to Chad–Libya border, the north, Sudan to Chad–Sudan border, the east, the Central Afric ...

Central African Republic The Central African Republic (CAR) is a landlocked country in Central Africa. It is bordered by Chad to Central African Republic–Chad border, the north, Sudan to Central African Republic–Sudan border, the northeast, South Sudan to Central ...

Equatorial Guinea Equatorial Guinea, officially the Republic of Equatorial Guinea, is a country on the west coast of Central Africa. It has an area of . Formerly the colony of Spanish Guinea, its post-independence name refers to its location both near the Equ ...

and

São Tomé and Príncipe São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main isla ...

History

In 1997, following the closure of the Cameroonian operations of several International banks, including

Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, ...

, BICIC and Meridien BIAO, Cameroonian corporate investors, private Cameroonian citizens and the

German Investment Corporation Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter ...

(DEG), pooled resources and put together FCFA 3 billion (approximately US$6.5 million) to start Commercial Bank of Cameroon. Over the years, the owners of CBC have expanded their operations to four other Central African countries. , the Commercial Bank of Cameroon had an estimated capital base of US$19 million and total assets of about US$309 million.

Commercial Bank Group

, the following companies comprise the Commercial Bank Group: * Commercial Bank of Cameroon (CBC) -

* Commercial Bank Chad (CBT) -

Commercial Bank Centrafrique Commercial Bank Centrafrique (CBCA) is one of the largest banks in the Central African Republic The Central African Republic (CAR) is a landlocked country in Central Africa. It is bordered by Chad to Central African Republic–Chad border, t ...

(CBCA) -

* Commercial Bank Equatorial Guinea (CBGE) -

Commercial Bank São Tomé and Príncipe Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

(CBSTP) -

SFA Financial Products SFA may refer to: In science and technology In medicine * Superficial femoral artery, a large artery in the thigh In chemistry * Saturated fatty acid, a type of fatty acid with no double bonds * Segmented flow analysis, a technique and clas ...

- Commercial Bank Group has 51.4% shareholding.

Ownership

The

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of Commercial Bank Cameroon, is privately owned by Cameroonian and foreign investors. The major shareholders are listed in the table below:

Branch network

The bank maintains branches at the following locations: # Maroua Branch -

Maroua Maroua (Fula: Marwa, , 𞤥𞤢𞤪𞤱𞤢) is the capital of the Far North Region (Cameroon), Far North Region of Cameroon, stretching along the banks of the Ferngo River, Ferngo and Kaliao Rivers, in the foothills of the Mandara Mountains. T ...

# Garoua Branch - Boulevard Lamido Hayatou,

Garoua Garoua (also Garua; Fula: 𞤺𞤢𞤪𞤱𞤢, Garwa) is a port city and the capital of the North Region of Cameroon, lying on the Benue River. A thriving centre of the textiles and cotton industries, the city has approximately 1,285,000 inhab ...

# Bafoussam Branch - Avenue de la Republique,

Bafoussam Bafoussam is the capital and largest city of the West Region (Cameroon), West Region of Cameroon, in the Bamboutos Mountains. It is the 3rd most important (financially) city in Cameroon, after Yaoundé and Douala. The ''communauté urbaine'' (Urba ...

# Akwa Branch - Boulevard de l'Unite, Akwa # Douala Branch - Boulevard Charles De Gaulle,

Main Branch # Yaoundé Branch -

Yaoundé Yaoundé (; , ) is the Capital city, capital city of Cameroon. It has a population of more than 2.8 million which makes it the second-largest city in the country after the port city Douala. It lies in the Centre Region (Cameroon), Centre Region o ...

References

External links