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, 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.
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 €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]
- 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.