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Recapitalization: Ecobank Cameroon shareholders validate a project

08/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Les actionnaires EcoBank Cameroon held their General Assembly on 28 March last. On the occasion, they validated the recapitalization project worth one billion FCFA, from Pan-African Savings and

Loans.

Pan-African Savings and Loans est une structure de microfinance de 2 Èé cat gorie, d Already tenue style="font-family: "Bookman Old Style”, serif"> 89.1 % by the Cameroonian subsidiary of the pan-African banking group Ecobank. According to Ecobank Cameroon, this recapitalization will make it possible to increase the share capital of this microfinance structure to 1.781 billion FCFA. This greatly exceeds the regulatory requirements of the Central African Banking Commission (Cobac), which imposes a minimum share capital of 300 million CFA francs on 2cat microfinance institutions. é gory. The bank indicates that strengthening the equity of Pan-African Savings and Loans should allow this microfinance structure to further finance its customers

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