Afriland First Bank
Afriland First Bank is a full-service bank in Cameroon, with subsidiaries in the Democratic Republic of the Congo, Equatorial Guinea, Guinea, Liberia, South Sudan, São Tomé and Príncipe and Zambia. The bank was founded in Yaoundé in 1987 under the name of Caisse Commune d'Epargne et d'Investissement. It is the largest financial services group in Cameroon.
 | |
| Type | Joint stock |
|---|---|
| Industry | Finance |
| Founded | 1987 |
| Headquarters | 1063 Place de l'Indépendance Yaoundé, Cameroon |
Key people | Jean Paulin Fonkua Chairman[1] Alphonse Nafack General Manager |
| Products | Financial services |
| Revenue |  Aftertax: €19,186,000) (2016)[2] |
| Total assets | €2.98 billion (2016)[2] |
| Website | http://www.afrilandfirstbank.com |
Overview
The bank is a large financial services provider in with global customer deposits in excess of €2,840,404,000, as of December 2016. The bank with its subsidiaries around the world had a combined asset base valued at €2.98 billion in December 2016.[2]
Subsidiaries
As of October 2019 the bank maintains subsidiaries in the following countries:[3]
- Equatorial Guinea
- CCEI Bank GE - São Tomé and Príncipe
- First Bank São Tomé and Príncipe - Democratic Republic of the Congo
- Afriland First Bank DRC - Liberia
- Afriland First Bank Liberia - South Sudan
- Afriland First Bank South Sudan - Guinea
- Afriland First Bank Guinea - Ivory Coast
- Afriland First Bank Ivory Coast - Zambia
- Intermarket Bank (80 percent shareholding)[4]
The banking group was granted a commercial banking license by the Bank of Uganda, in September 2019.[5] After starting operations on 1 December 2020, the subsidiary voluntarily surrendered its banking license in May 2022, following a "strategic business review" by Afriland Group, who were the shareholders.[6]
Representative offices
In the following countries, the bank has representative offices only:
- Paris, France
- Afriland First Bank Paris - Beijing, China,
- Afriland First Bank China - Brazzaville, Republic of the Congo
- Afriland First Bank Congo Brazzaville
Branch network
As of December 2012, the bank maintains 32 networked branches inside the Republic of Cameroon.[7]
References
- "Members of Board of Directors". Archived from the original on 2011-09-09. Retrieved 2013-10-15.
- Afriland First Group (2017). "2016 Consolidated Financial Statements of Afriland First Group (Bank & International Subsidiaries" (PDF). Yaounde: Afriland First Group. Retrieved 7 October 2019.
- Afriland First Bank Network
- Afriland First Bank Acquires 80% Shareholding In Intermarket Bank Archived September 11, 2012, at the Wayback Machine
- Daily Monitor (4 October 2019). "Bank of Uganda Grants Licenses To Opportunity Bank, Afriland First Bank". Daily Monitor. Kampala, Uganda. Retrieved 7 October 2019.
- Martin Luther Oketch (27 May 2022). "Afriland bank exits after two years of operation". Daily Monitor. Kampala, Uganda. Retrieved 29 May 2022.
- "Afriland First Bank declares CFAF 300 billion profit in 2012, remains Cameroon's biggest bank - Business in Cameroon". Business in Cameroon. Retrieved 2017-08-16.
External links
- Afriland First Bank Archived 2006-10-24 at the Wayback Machine
- Company Profile At Bloomberg BusinessWeek