Afriland First Bank
 | This article needs to be updated. (August 2023) |
| Afriland First Bank | |
|---|---|
 | |
| Type | Joint stock |
| Industry | Finance |
| Founded | 1987 |
| Headquarters | 1063 Place de l'Indépendance
Yaoundé, Cameroon |
| Key people | Jean Paulin FOUNKOUA[1] Chairman Célestin GUELA SIMO CEO |
| Products | Financial services |
| Revenue |  Aftertax: €19,186,000 (2016)[2] |
| Total assets | €4.37 billion (2022)[2] |
| Website | http://www.afrilandfirstbank.com |
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
[edit]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.[3] The Group with its subsidiaries around the world had a combined asset base valued at €4.37 billion in December 2022.[2]
Subsidiaries
[edit]As of October 2019[update] the bank maintains subsidiaries in the following countries:[4]
- 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)[5]
The banking group was granted a commercial banking license by the Bank of Uganda, in September 2019.[6] 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.[7]
Representative offices
[edit]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
[edit]As of December 2024[update], the bank has over 90+ branches in Cameroon.[8]
See also
[edit]References
[edit]- ↑ "Members of Board of Directors". Retrieved 2026-08-30.
- 1 2 3 "2022 Annual Report Financial Statements of Afriland First Group (Bank & International Subsidiaries)" (PDF). Yaounde: Afriland First Group. 2022. Retrieved 31 December 2022.
- ↑ "Afriland remains the biggest credit contributor to the economy as of January 31, 2023". Yaounde: Business in Cameroon. Retrieved 17 April 2023.
- ↑ 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 Deepens Its Role in Financing Cameroon's SMEs with 1.2 Trillion XAF". Business in Cameroon. Retrieved 2026-04-20.
External links
[edit]- Afriland First Bank Archived 2006-10-24 at the Wayback Machine
- Company Profile At Bloomberg BusinessWeek[link removed]
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