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Banking and Finance : MINFI Grades Afriland First Bank,Heads Of The Banking Sector In Cameroon.

Dernière mise à jours il y'a 4 mois

The economic, social and financial outlook of Cameroon for 2024 ,produced by the Ministry of Finance as an annexed to the 2024 finance Bill rates Afriland First Bank as the leader of the banking sector in Cameroon.

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A report on the financial situation of the financial institution for the Q1 2024 shows that ,it's balance sheet has hit over Cfa 2000billion projecting the bank at the top of the Cameroonian Financial market .This amount represent Afriland First Bank's position as leader in the financing economy amidst competition from other institutions the bank has demonstrated innovatives in taking its services closer to Cameroonian by  offering loans and financing projects in both the private and public sectors, with more emphasis thrown on Small and Medium Size Enterprises to support their economic transformation to sustain growth and wealth creation in Cameroon.In 2023 , the institution registered an economic financing volume of Cfa 1,643 billion and cfa 1,488bn in public saving collected by December 31st 2023 . According to data released by the institution,the bank has experience a 3.62% increase in its balance sheets representing cfa 71.73 bn in Absolute terms, with this figures registered the bank administrators project to hit cfa2051.08bn at the close of the year.In terms of structural transformation of enterprises, capacity building and boosting financial inclusion in the country Afriland First Bank aims at remaining at the top of financial institution in Cameroon

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