National Financial Credit Bank Explained

National Financial Credit Bank SA (NFCB) is a commercial bank in Cameroon. It is one of the fourteen licensed commercial banks in the country.[1]

History

NFCB was formed in 1989 as National Finance Credit Company' (NFCC). Since its inception, NFCC functioned as a savings and credit institution. In 2006, NFCC received a full banking license and rebranded to its current name. Upon the direction of the Central Bank of Central African States, Loita Capital Partners International, a Mauritius-based investment banking company, was invited to invest in NFCB and provide technical and expert guidance during the transition from a savings and credit institution to a fully fledged commercial bank.[2] It was founded by an Oshie man from West Cameroon by the name of Awanga.

Branches

, NFCC maintained seven networked branches across Cameroon.

External links

See also

Notes and References

  1. News: Cameroon: Banking Boom in Cameroon. Vubem. Fred. 2009-06-11. Cameroon Tribune (Yaoundé). 2017-08-16.
  2. http://www.loita.com/documents/NationalFinancialCreditBank_000.pdf History of NFCB