Infos Business of Thursday, 16 October 2014

Source: investiraucameroun.com

Six Cameroon banks in the Top 200 Best African Banks

In the 2014 ranking of the top 200 African banks just released by the Pan-African weekly Jeune Afrique, Central Africa counts 13 banks, 6 from Cameroon.

63rd overall, with a 6 places-win compared to last year, the Cameroon Afriland First Group is, according to this ranking, the best bank in the country and the second in Central Africa after Gabon BGFI group.

Following Afriland First Bank, the reference branch of Afriland First Group, which gained 8 places at the continental level (137) compared to last year (145th); Societe Generale (144th at the continental level, down one place); BICEC which drop 4 places overall (148th); SCB Cameroon, losing 8 places in the African ranking (183th); and Ecobank Cameroon, winning six places from last ranking.

Overall, despite the upheavals of low amplitudes in the general ranking, with notable increases of Ecobank and Afriland First Group and the significant decline of SCB Cameroon, the national positions remain unchanged.

Indeed, the top 3 in the Cameroonian banking sector remains Afriland First Bank, SGC and BICEC. A classification to which one is accustomed for over 5 years, with only occasional relay at different positions.