{{Short description|Financial services institution in Cameroon}} {{Update|date=August 2023}} {{Infobox company | name = Afriland First Bank | logo = AFRILAND FIRST BANK LOGO.png | type = Joint stock | foundation = 1987 | location = 1063 Place de l'Indépendance<br/>Yaoundé, Cameroon | key_people = ''Jean Paulin Fonkua''<br/>Chairman<ref>{{Cite web |url=https://www.afrilandfirstbank.com/afb-conseil-administration.html |title=Members of Board of Directors |access-date=2013-10-15 |archive-url=https://web.archive.org/web/20110909101627/https://www.afrilandfirstbank.com/afb-conseil-administration.html |archive-date=2011-09-09 |url-status=dead }}</ref><br/>'''Alphonse Nafack'''<br/>General Manager | num_employees = | assets = €2.98 billion (2016)<ref name="Data"/> | revenue = {{profit}} Aftertax: €19,186,000) (2016)<ref name="Data"/> | industry = Finance | products = Financial services | homepage = http://www.afrilandfirstbank.com }}
'''Afriland First Bank''' is a full-service bank in Cameroon, with subsidiaries in the Democratic Republic of the Congo, Equatorial Guinea, Guinea, Liberia, South Sudan, São Tomé and Príncipe and Zambia. The bank was founded in Yaoundé in 1987 under the name of '''Caisse Commune d'Epargne et d'Investissement'''. It is the largest financial services group in Cameroon.
==Overview== The bank is a large financial services provider in with global customer deposits in excess of €2,840,404,000, as of December 2016. The bank with its subsidiaries around the world had a combined asset base valued at €2.98 billion in December 2016.<ref name="Data">{{cite web|title=2016 Consolidated Financial Statements of Afriland First Group (Bank & International Subsidiaries |publisher=Afriland First Group | url=https://afrilandfirstgroup.com/images/docs/Afriland-RA2016-UK-DEF.pdf |date=2017 |access-date=7 October 2019 | author=Afriland First Group | location=Yaounde}}</ref>
==Subsidiaries== {{asof|October 2019}} the bank maintains subsidiaries in the following countries:<ref>[https://www.afrilandfirstbank.com/ Afriland First Bank Network]</ref> [[File:CCEI Bank GE HQ Malabo 2013.jpg|thumbnail|CCEI Bank headquarters in Malabo]] * Equatorial Guinea {{flagicon|Equatorial Guinea}} - [http://www.cceibankge.com CCEI Bank GE] * São Tomé and Príncipe {{flagicon|São Tomé and Príncipe}} - First Bank São Tomé and Príncipe * Democratic Republic of the Congo {{flagicon|Democratic Republic of the Congo}} - Afriland First Bank DRC * Liberia {{flagicon|Liberia}} - Afriland First Bank Liberia * South Sudan {{flagicon|South Sudan}} - Afriland First Bank South Sudan * Guinea {{flagicon|Guinea}} - Afriland First Bank Guinea * Ivory Coast {{flagicon|Ivory Coast}} - Afriland First Bank Ivory Coast * Zambia {{flagicon|Zambia}} - Intermarket Bank (80 percent shareholding)<ref>[http://www.postzambia.com/post-read_article.php?articleId=6853 Afriland First Bank Acquires 80% Shareholding In Intermarket Bank] {{webarchive |url=https://web.archive.org/web/20120911072744/http://www.postzambia.com/post-read_article.php?articleId=6853 |date=September 11, 2012 }}</ref>
The banking group was granted a commercial banking license by the Bank of Uganda, in September 2019.<ref>{{cite web| url=https://www.monitor.co.ug/News/National/BOU-grants-licenses-Opportunity-Bank-Afriland-First-Bank/688334-5298746-hgtggw/index.html |title=Bank of Uganda Grants Licenses To Opportunity Bank, Afriland First Bank |work=Daily Monitor | date=4 October 2019 |access-date=7 October 2019 |author=Daily Monitor |location=Kampala, Uganda}}</ref> After starting operations on 1 December 2020, the subsidiary voluntarily surrendered its banking license in May 2022, following a "strategic business review" by Afriland Group, who were the shareholders.<ref>{{cite web| work=Daily Monitor | url=https://www.monitor.co.ug/uganda/business/finance/afriland-bank-exits-after-two-years-of-operation--3828514 |title=Afriland bank exits after two years of operation |date=27 May 2022 | author=Martin Luther Oketch |access-date=29 May 2022 | location=Kampala, Uganda}}</ref>
==Representative offices== In the following countries, the bank has representative offices only:
* Paris, France {{flagicon|France}} - Afriland First Bank Paris * Beijing, China, {{flagicon|China}} - Afriland First Bank China * Brazzaville, Republic of the Congo {{flagicon|Republic of the Congo}} - Afriland First Bank Congo Brazzaville
==Branch network== {{asof|December 2012}}, the bank maintains 32 networked branches inside the Republic of Cameroon.<ref>{{Cite news|url=http://www.businessincameroon.com/bank/2305-4086-afriland-first-bank-declares-cfaf-300-billion-profit-in-2012-remains-cameroon-s-biggest-bank|title=Afriland First Bank declares CFAF 300 billion profit in 2012, remains Cameroon's biggest bank - Business in Cameroon|work=Business in Cameroon|access-date=2017-08-16|language=en-gb}}</ref>
==See also== * List of banks in Cameroon * Economy of Cameroon * Yaoundé
==References== {{reflist|30em}}
==External links== * [http://www.afrilandfirstbank.com/ Afriland First Bank] {{Webarchive|url=https://web.archive.org/web/20061024041414/http://www.afrilandfirstbank.com/ |date=2006-10-24 }} * [https://archive.today/20131015124836/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=78731930 Company Profile At Bloomberg BusinessWeek]
{{Portal|Companies|Banks}} {{Authority control}}
Category:Banks of Cameroon Category:Banks established in 1987 Category:Economy of Cameroon Category:Yaoundé