BGFIBank Cameroon has announced an increase in its share capital from 20 to 50 billion FCFA, following the board meeting on February 27, 2026. This decision, officially communicated, demonstrates the BGFIBank Group's commitment to supporting the growth of its Cameroonian subsidiary and strengthening its position in the market.
This recapitalization comes in a context of tightening prudential rules in Central Africa. The Banking Commission of Central Africa (COBAC) has raised the minimum capital required for banks in the sub-region to 25 billion FCFA, compared to 10 billion previously. Banks in operation have a transitional period of one year to comply with this new requirement, i.e. until December 31, 2026. Those that do not meet this threshold must submit a capital raising plan to COBAC before June 30, 2026.
The main objective of this reform is to consolidate the stability and resilience of the region's banking system. By increasing its capital to 50 billion FCFA, BGFIBank Cameroon anticipates this requirement and positions itself above the regulatory threshold. This capital increase strengthens its capacity to absorb risks and gives it greater flexibility in the market.
BGFIBank Cameroon also justifies this decision by its recent performance. The subsidiary recorded an 18% increase in net income in the last financial year, exceeding the set objectives. The Board of Directors considers Cameroon as a strategic growth hub for the BGFIBank Group, and the local subsidiary is expected to play a major role in its regional expansion.
COBAC had already raised the minimum capital of CEMAC (Economic and Monetary Community of Central Africa) banks from 10 billion FCFA to 25 billion FCFA, with a transition period to allow banks to comply. This measure aims to strengthen the soundness of the region's banking sector.
