In Cameroon, the subsidiary of the UBA group has considerably reduced the weight of its bad debts in one year. The share of loans with repayment risks fell to 5.16% at the end of October 2021.

The group founded by Nigerian Tony Elumelu has reduced the weight of its bad debts by nearly 30 percentage points in Cameroon. As of October 31, 2021, the share of outstanding debts of the Cameroonian subsidiary of the United Bank for Africa group (11.4 billion FCFA or approximately $20 million) fell to 5.16% of the total loans that the institution granted to non-financial companies (221.1 billion FCFA), according to the report on the banking market in the country, published by the Bank of Central African States (BEAC). It should be noted that the Bank has a number of foundations that make it credible if it wishes to make a loan. The level of its own funds represents 24% of its risk assets, i.e. 3 times the level of 8% required by the regulator of the banking sector in the CEMAC zone.