Company
Afriland First Bank
From Wikipedia
Afriland First Group is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Switzerland with subsidiaries in the Ivory Coast, Democratic Republic of the Congo, Equatorial Guinea, Guinea, Liberia, South Sudan and São Tomé and Príncipe.
The flagship company of the group is Afriland First Bank in Cameroon, with headquarters in Yaoundé. The bank was founded in Yaoundé, Cameroon in 1987 under the name of Caisse Commune d'Epargne et d'Investissement. It is the largest financial services group in Cameroon.
Overview
The Afriland First Bank in Cameroon is the largest financial services provider with Credit Contribution of XAF 1,037 Billion(€1.58 Billion) as of January 2023. The Group with its subsidiaries around the world had a combined asset base valued at €4.37 billion in December 2022.
Subsidiaries
As of October 2019 the bank maintains subsidiaries in the following countries:
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)
The banking group was granted a commercial banking license by the Bank of Uganda, in September 2019. 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.
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 2024, the bank has over 90+ branches in Cameroon.
This record is provisional: it was compiled from the cited sources but has not yet been checked by an InsideKamer editor.
Sources
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