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Find all the economic and financial information on our Orishas Direct application to download on Play StoreStandard Chartered has decided to cease operations in Cameroon due to unprofitability. The announcement was published in a statement from the company.
Established in Cameroon since 1986, Standard Chartered Bank, announced that it will cease operations in several countries, including Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. The Bank's activities in these countries were deemed unprofitable. The Bank's performance here for several years has been negative. The Bank is also considering leaving Tanzania and Côte d'Ivoire. For the time being, it will cease its retail banking activities to individuals and focus only on companies.
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