Afriland First Bank has purchased approximately 150.9 billion CFA francs of government securities from CEMAC States between 1 January and 30 June 2018. According to a report by the Securities Settlement and Retention Unit (CRCT), of the Bank of Central African States (BEAC), Paul Fokam’s bank is by far the most active in the public securities market, probably less risky than the retail market.
The outstanding amount of this subfund reached 1 020 billion CFA Francs over the period under review. Behind the Cameroonian bank, arrives Ecobank Cameroon with outstanding 112 billion CFA francs, United Bank of Africa (UBA) up to 65.4 billion CFA francs and Union Bank of Cameroon (UBC) for 23.7 billion CFA francs .
The absence of foreign banks in this compartment could probably be explained by differences in valuation. If this sub-fund presents a low risk, its return is not high. Thus, Société Générale Cameroun is much more active on the credit of individuals, with 30% of market share, far ahead of Afriland First Bank (14.69%).
