At the end of a recapitalization process, which began a few months ago, notably last March, Union Bank sold 54% of the shares held by Ecobank. Major changes have taken place in the shareholding of Union Bank of Cameroon (UBC).

the public authorities injected 17.8 billion FCFA (30 million dollars) to save this financial institution then under the threat of the Central African Banking Commission (COBAC) which planned at best to place it under provisional administration, if not , to proceed purely and simply to its liquidation by withdrawing all approvals. With the acquisition of 54% of the assets by the State of Cameroon, this reconfiguration of the social capital will greatly benefit the bank. It should be noted that UBC achieved a “record” growth of 18% in deposits compared to the previous year, while the net profit generated was 1.5 billion FCFA, or approximately 2.7 million dollars.