The Cameroonian subsidiary of the French group Société Générale has seen a sharp increase in net banking income (GNP) in the year just ending.
The year 2018 has been a good year for Société Générale du Cameroun (SGC). The performances now place it among the top five subsidiaries of the group across the continent. On the basis of the activity report made public in February 2019 by the general management of this company, it appears that net banking income (net banking income) for the year ending is 104 million euros, or approximately 67 , 9 billion FCFA. An increase of 7.9 billion FCFA in relative value, and an increase of 13% in absolute value compared to the year 2017 when this company had realized 92 million euros, which represents about 60 billion FCFA.
This is the fourth strongest growth of the year for the Group’s various subsidiaries in Africa, far behind the Moroccan subsidiary of the SG Group, which has a GDP of 410 million euros in 2018, approximately 267.8 billion FCFA.
With more than seventy offices and offices across the country, Société Générale Cameroun is the country’s leading bank in terms of bank financing with nearly 23% of the market share on loans.
In more than 50 years of presence in Cameroon, Societe Generale Cameroun has established itself as a reference player in the local banking sector, “through a relationship incarnated by an exchange with all of its publics, we are today He is a key player in the Cameroonian economic landscape. Present alongside Cameroon’s state since its inception, individuals, Cameroonian companies and companies established on the territory, we wish to accompany each in its development projects and thus contribute to the development of the Cameroonian economy. congratulate one within this company.
For the last two months, the Senegalese Mareme Mbaye Ndiaye has been the general manager, with the aim of improving and increasing her performance, as in the early 1990s when SGC was the best bank in the country.
