| Commercial Bank Cameroon | |
| Foundation: | 1997 |
| Location Country: | Cameroon |
| Industry: | Finance |
| Services: | Banking |
| Net Income: | US$3 million (2007) |
| Assets: | US$309 million (2007) |
| Subsid: | SFA Financial Products |
| Homepage: | Homepage |
Commercial Bank Cameroon (CBC), also referred to as Commercial Bank of Cameroon, is a commercial bank in Cameroon. It is one of the 19 Cameroonian commercial banks licensed by the Central Bank of Central African States, 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, Cameroon, with subsidiaries in Chad, Central African Republic, Equatorial Guinea and São Tomé and Príncipe.
In 1997, following the closure of the Cameroonian operations of several International banks, including Crédit Agricole, BICIC and Meridien BIAO, Cameroonian corporate investors, private Cameroonian citizens and the German Investment Corporation (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.[1], the Commercial Bank of Cameroon had an estimated capital base of US$19 million and total assets of about US$309 million.[2]
, the following companies comprise the Commercial Bank Group:[3]
Cameroon
Chad
Central African Republic
Equatorial Guinea Cameroon - Commercial Bank Group has 51.4% shareholding.[4]The stock of Commercial Bank Cameroon, is privately owned by Cameroonian and foreign investors. The major shareholders are listed in the table below:[5]
| + Commercial Bank Cameroon Stock Ownership | ||
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Fotso Group of Cameroon | |
| 2 | SNAC Insurance Group of Cameroon | |
| 3 | Private Cameroonian Investors | |
| 4 | German Investment Corporation (DEG) | 15.00 |
| 5 | Other Non-Cameroonian Investors | 13.06 |
| Total | 100.00 | |
The bank maintains branches at the following locations:[6]