SCB Cameroon

SCB Cameroon (Société Commerciale de Banque Cameroun) is a universal bank operating in Cameroon. Its origins trace to 1945, when the French group Crédit Lyonnais entered Cameroon. In 1962 the Cameroonian state acquired stakes in the French group's branches, leading to the creation of the Société Camerounaise de Banque (SCB). In 1973 the state became the majority shareholder with 81.25% of the capital. Hit by the economic crisis of the mid-1980s, the bank failed in 1989; the Cameroonian state and its French partner decided to split and dissolve it. In August 1989 the Société Commerciale de Banque Crédit Lyonnais Cameroun (SCB-CLC) was created with share capital of 6 billion CFA francs held by the Cameroonian state (35%) and Crédit Lyonnais Global Banking France (65%). Following new COBAC regulations, SCB's share capital later reached 10 billion CFA francs. On 1 January 2002, SCB-CLC became Crédit Lyonnais Cameroun (CLC), covering seven of Cameroon's ten provinces (17 branches in 9 cities) with about 500 employees. In December 2005, Groupe Crédit Agricole bought the shares of majority shareholder Crédit Lyonnais, and the bank was renamed Société Commerciale de Banque Cameroun (SCB CAMEROUN), though its business remained unchanged (it had been integrated into Groupe Crédit Agricole SA since 2003). On 8 April 2011, the board of directors acknowledged the purchase of 51% of the company's shares by Attijariwafa bank, the leading banking group of North Africa, giving the bank a new international and African dimension. In 2013, through the Power Africa project initiated by U.S. President Barack Obama, SCB Cameroon enabled its clients to seek funds from the U.S. credit agency Eximbank for energy-related projects. In 2019, the bank launched its private banking branch, SCB Platinum. Today SCB Cameroon operates as a universal bank under the Attijariwafa Bank group, serving retail, corporate and private banking clients across Cameroon.

SCB Cameroon's history begins with the arrival of the French group Crédit Lyonnais in Cameroon in 1945. In 1962, the Cameroonian state took stakes in the branches of the French group, resulting in the creation of the Société Camerounaise de Banque (SCB). In 1973, the bank underwent a major change: the Cameroonian state became the majority shareholder with 81.25% of the capital. In the mid-1980s, the general crisis affecting the country also hit the banking sector. In 1989, SCB failed; the Cameroonian state and its French partner jointly decided on a split and dissolution of the bank. Thus, in August 1989, the Société Commerciale de Banque Crédit Lyonnais Cameroun (SCB-CLC) was born, with share capital of 6 billion CFA francs divided between the Cameroonian state (35%) and Crédit Lyonnais Global Banking France (65%). Following new COBAC provisions, SCB later had share capital of 10 billion CFA francs. On 1 January 2002, SCB-CLC became Crédit Lyonnais Cameroun (CLC), covering seven of Cameroon's ten provinces (17 branches in 9 cities) with a workforce of about 500 employees. In December 2005, Groupe Crédit Agricole bought the shares of majority shareholder Crédit Lyonnais. The bank changed its name again to Société Commerciale de Banque Cameroun (SCB CAMEROUN), but its activity did not change (it had been integrated into Groupe Crédit Agricole SA since 2003). On 8 April 2011, the board of directors acknowledged the purchase of 51% of the company's shares by Attijariwafa bank, the leading banking group of North Africa. The bank took on a new, international and African dimension within a dynamic promising hope and development for all sectors of the Cameroonian economy. In 2013, through the Power Africa project initiated by U.S. President Barack Obama, SCB Cameroon enabled its clients to seek funds from the U.S. credit agency Eximbank for any energy-related project. In 2019, the bank launched its private banking branch, SCB Platinum.

• 2019

  Launches private banking branch SCB Platinum.

• 2013

  Through Power Africa, clients can seek Eximbank funds for energy projects.

• 2011

  Attijariwafa bank acquires 51% of shares; board acknowledges on 8 April.

• 2005

  Groupe Crédit Agricole buys Crédit Lyonnais shares; bank renamed SCB CAMEROUN in December.

• 2002

  SCB-CLC becomes Crédit Lyonnais Cameroun (CLC) on 1 January.

• 1989

  SCB fails; split and dissolution leads to creation of SCB-CLC in August 1989.

• 1973

  Cameroonian state becomes majority shareholder with 81.25% of capital.

• 1962

  Cameroonian state takes stakes in French group branches; Société Camerounaise de Banque (SCB) created.

• 1945

  Crédit Lyonnais group arrives in Cameroon.

Universal bank serving retail, corporate and private clients in Cameroon, backed by a major pan-African banking group.

• Retail banking

• Corporate banking

• Private banking (SCB Platinum)

• Loans and deposits

• Payment services

1. 1SCB Cameroon on Wikidatawikidata.org
2. 2SCB Cameroun on French Wikipediafr.wikipedia.org