Afriland First Bank

Afriland First Bank
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

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, Uganda[3] 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.

Overview

The bank is a large financial services provider in with global customer deposits in excess of €1,840,404,000, 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:[4]

CCEI Bank headquarter in Malabo

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
Uganda - Afriland First Bank Uganda Limited.[5]
Zambia - Intermarket Bank (80 percent shareholding)[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.
Monitor Team (4 October 2019). "Bank of Uganda Grants Licenses To Opportunity Bank, Afriland First Bank". Daily Mitor. Kampala. Retrieved 7 October 2019.
Afriland First Bank Network
Paul Ampurire (4 October 2019). "BOU Issues Licenses To Two New Commercial Banks". Kampala: SoftPower Uganda. Retrieved 7 October 2019.
Afriland First Bank Acquires 80% Shareholding In Intermarket Bank Archived September 11, 2012, at the Wayback Machine
Tourism, Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management. "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

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[1] "Members of Board of Directors". Archived from the original on 2011-09-09. Retrieved 2013-10-15.

[Data-2] Afriland First Group (2017). "2016 Consolidated Financial Statements of Afriland First Group (Bank & International Subsidiaries" (PDF). Yaounde: Afriland First Group. Retrieved 7 October 2019.

[3] Monitor Team (4 October 2019). "Bank of Uganda Grants Licenses To Opportunity Bank, Afriland First Bank". Daily Mitor. Kampala. Retrieved 7 October 2019.

[4] Afriland First Bank Network

[5] Paul Ampurire (4 October 2019). "BOU Issues Licenses To Two New Commercial Banks". Kampala: SoftPower Uganda. Retrieved 7 October 2019.

[6] Afriland First Bank Acquires 80% Shareholding In Intermarket Bank Archived September 11, 2012, at the Wayback Machine

[7] Tourism, Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management. "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.