BGFIBank Cameroon has increased its share capital from 20 billion to 50 billion Central African CFA francs (XAF), following a board meeting on February 27, 2026. The bank stated that the move reflects confidence in Cameroon’s economic growth prospects and signals its commitment to supporting the subsidiary’s expansion plans.
The capital boost comes amid tightening prudential rules across Central Africa. The Central African Banking Commission (COBAC) recently raised the minimum capital requirement for banks in the sub-region to 25 billion CFA francs, up from 10 billion. Existing banks have a one-year transition period to meet the new threshold, and those unable to comply by December 31, 2026, must submit a capital restoration plan to COBAC before June 30, 2026. These reforms aim to enhance the stability and resilience of the regional banking sector.
With its capital now at 50 billion CFA francs, BGFIBank Cameroon comfortably exceeds the regulatory minimum. The stronger capital base enhances the bank’s ability to absorb shocks and increases its strategic flexibility in the market, positioning it well for growth and competitive operations.
The decision also follows strong financial performance, with net income rising 18% in the last fiscal year, surpassing internal targets. The board highlighted Cameroon as a key growth market, noting that the subsidiary will play an important role in BGFIBank’s broader regional expansion strategy.
