General Bank of Cameroon: Funding Declines Post-State Takeover

General Bank of Cameroon (GBC) reported CFA741.9 billion in identifiable customer financing at the end of July 2026, against CFA1.05 trillion in funds collected from customers, according to its published monthly financial statement. Based on the bank’s figures, the two amounts produce a financing-to-customer-funding ratio of 71%. Total assets stood at CFA1.40 trillion at the same date. The financing figure comprises CFA482.60 billion in medium-term loans, CFA131.71 billion in short-term loans, CFA102.12 billion in customer overdraft accounts and CFA25.48 billion in leasing. Accrued receivables, which cannot be isolated precisely from the reproduced statement, are excluded from the calculation. The CFA741.9 billion figure is therefore an aggregate based on the main balance-sheet items rather than a measure of gross loans under prudential reporting standards. The publication still carries the Société Générale Cameroun name and visual identity, although the French banking group completed the sale of its stake to the Cameroonian government on May 12, 2026. The bank has since operated under the General Bank of Cameroon name, with the state as majority shareholder alongside SanlamAllianz. The transaction opened a transition phase for the bank’s IT systems and operational arrangements. Demand ...