Commercial Bank Cameroon increases capital by 45.45 percent

BY NDUMBE BELL JOSEPH GASTON IN DOUALA Following the decisions taken by shareholders during an extra-ordinary general meeting held in the month of June 22.2023, the Commercial Bank of Cameroon (CBC) has raised its capital. The increase from FCFA 16.5 billion to FCFA 24 billion was announced by the chairman of the board Alfred Tiki and published on July 19. The actual increase of FCFA 7.5 billion is over 45.45 percent. It is not mentioned how they arrived at the amount but this is a bank with 98 percent state control. The chairman orchestrated that, this is part of the…