CDB provides EUR 60 million loan to Afriland First Bank for on-lending to SMEs

📋 Staff Comments

1. Afriland First Bank, which is also known as CCEI Bank and CCEIBank, is a predominantly Cameroonian-capitalized banking institution. it 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.
2. There is some suggestive evidence that the loan to Afriland First Bank financially underperformed vis-a-vis the original expectations of the lender. This issue warrants further investigation. See https://www.dropbox.com/scl/fi/spr8mdsig1og3pnzcj9c8/INFORME_ESTADO_DE_LOS_TRABAJOS_CON_BCD.pdf?rlkey=gavaa3s3fjw3qhtqp4onlqm3y&dl=0

📚 Sources & References

• Cameroon,China : CHINA DEVELOPMENT BANK allocates funding to AFRILAND FIRST BANK
• Cameroon: China Development Bank grants 26.2 billion FCFA in financing to Afriland First Bank
• China Development Bank et Afriland Cameroun scellent un partenariat de 40 millions d’euros
• Cameroun : China Development Bank octroie un financement de 26,2 milliards FCfa à Afriland First Bank
• Banking’s uneven development in Cameroon
• Cameroon
• Afriland First Bank Cameroun signe un accord-cadre de 26 milliards FCFA avec la China Development Bank.
• State visit of the President of the Republic of Cameroon H. E. Paul BIYA to China
• INFORME SOBRE LA SITUACION DEL BANCO DE DESARROLLO CHINO(BDC) EN LA FINANCIACION DE LAS PYMES DE GUINEA ECUATORIAL Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.