General Bank of Cameroon Reports CFA111 Billion Deposit Decline

General Bank of Cameroon (GBC) recorded a CFA111.21 billion decline in customer deposits in August 2026, while its debt to banks and financial institutions rose by nearly the same amount, significantly changing the structure of its funding within a single month. Customer deposits fell 10.6% to CFA934.31 billion at the end of August from CFA1.046 trillion at the end of July, according to calculations based on the bank’s published monthly statements. Over the same period, amounts owed to banks and financial institutions increased by CFA112.83 billion to CFA196.01 billion from CFA83.18 billion, a 135.6% increase. In absolute terms, that increase was equivalent to 101.5% of the decline in customer deposits. The close correspondence between the two movements does not establish that GBC borrowed from other financial institutions to offset customer withdrawals. The monthly statements provide balances at the reporting date but do not disclose the transactions behind the changes or their counterparties. The bank’s funding structure nevertheless changed substantially. Customer deposits accounted for 63.2% of ...