The Equatoguinean bank Bange Bank continues its development in Cameroon. After Douala the economic capital last October, Banco National de Guinea Ecuatorial (Bange Bank) officially opened its doors at the Rue des Banques in Yaoundé, the political capital of Cameroon on December 23.

Bange Bank Cameroon intends to implement a commercial policy based more on medium-term credit (3 years). This type of credit offers companies more leeway in the development of their activities than short-term credit, currently very present in the portfolio of banks in the CEMAC area, because deposits are mainly on sight, explain the bankers. Alongside medium-term credit, the Cameroonian subsidiary of Bange Bank relies on the leasing activity which consists of financing the acquisition of the production tool of companies.

Bange Bank Cameroon obtained, on August 5, 2020, a commercial license issued by the Ministry of Commerce. The final approval was issued on November 10, 2020, by the Minister of Finance, Louis Paul Motaze. The banking institution is classified in the universal bank category. The subsidiary launched its activities with a capital of 12 billion FCFA.