Cameroon’s BGFIBank has increased its share capital from 20 billion to 50 billion Central African CFA francs (XAF) following a board meeting on February 27, 2026, according to an official statement seen by Business in Cameroon.
The bank said the move demonstrates the group’s confidence in Cameroon’s growth prospects and its commitment to supporting the subsidiary’s expansion.
The capital increase comes as prudential regulations tighten across Central Africa. The Central African Banking Commission (COBAC) has raised the minimum capital requirement for banks in the sub-region to 25 billion CFA francs, up from 10 billion previously.
Existing banks have a one-year transition period to comply. Institutions that fail to meet the new threshold by December 31, 2026, must submit a capital restoration plan to COBAC’s secretary general before June 30, 2026.
The reform is intended to strengthen the stability and resilience of the regional banking system.
Don’t Miss This:
Cameroon’s Camrail Receives Four New Acquired GL30 Locomotives At Douala Port
With capital now at 50 billion CFA francs, BGFIBank Cameroon is well above the regulatory minimum, enhancing its ability to absorb shocks and increasing its strategic flexibility in the market.
The bank said the decision follows strong financial results, with net income rising 18% in the last fiscal year, significantly exceeding internal targets.
The board regards Cameroon as a key growth market for the group, and the subsidiary is expected to play a central role in BGFIBank’s broader regional expansion strategy, according to the statement.
Don’t Miss This:
Cameroon Launches $860M Kribi Port Industrial Zone To Boost Local Processing
Image Credit: ELoquent Displays
