Find Banking and Financial Services expertise in Cameroon

Banks

A 2009 IMF study reported that Cameroon had the largest financial sector in the Economic and Monetary Community of Central Africa (CEMAC) grouping of states (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon). There are 11 commercial banks, six of them foreign-owned and two government-owned and over 700 microfinance institutions (2011). The sector is dominated by foreign-owned banks, three of which control over 50% of the total banking assets – Société Genérale, Crédit Lyonnais, and Standard Chartered.  Crédit Foncier du Cameroon, one of the government-owned banks leads the sector in mortgage (real-estate) lending. Lending rates to small and medium enterprises (SMEs) are low. It has been suggested an interest rate ceiling of 15% has limited the ability of many banks to lend to riskier SMEs.

Banking and Financial Services organisations in Cameroon
BEAC
Cameroon Stock Exchange
Central African Banking Commission (COBAC)
Commonwealth Secretariat
Crédit Foncier du Cameroun
Crédit Lyonnais
Ecobank
SGBC
Société Genérale
Standard Chartered Bank
Union Bank of Cameroon