The banking and finance practice blog is aimed at providing all aspects touching on the activities of banks, microfinance and credit institutions, financial institutions and payment service companies in Cameroon.
This material provided by the blog will be based on instructions, circulars and regulations as established by the Ministry of Finance in Cameroon, the Bank of Central African States, the Central African Banking Commission and the National Credit Council.
Finance practice in Cameroon is quite diverse and detailed, and the plethora of instructions, regulations and circulars from the regulatory bodies involved is illustrative of this fact.
With the continuous interest of businessmen and clients wishing to invest in this sector in Cameroon, it is important to understand the structure under which a financial institution or company can be created.
With the increase in terrorism and capital flight in the world today, the finance sector of Cameroon is very much regulated in terms of the institution, shareholders, operations, source of income, directors, audit, and clientele.
The aspect of transparency cannot be over-emphasized as the best practice for banks, microfinance institutions, payment services and finance companies dwell on transparency.
The various write-ups under this blog will cover aspects touching on;
Under the umbrella of MINFI, COBAC, BEAC and the National Credit Council in Cameroon.
The following in particular shall constitute breaches of the provisions of this regulation; In the event of non-compliance with the deadlines for the periodic transmission
Any person acting either on his own behalf or on behalf of a third party, whether a legal entity or a natural person, who has
According to regulation No. 04/19/CEMAC/UMAC/CM on the effective global rate and the repression of usury and the publication of banking conditions in the CEMAC, the
According to regulation No. 04/19/CEMAC/UMAC/CM on the effective global rate and the repression of usury and the publication of banking conditions in the CEMAC, A
According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, Credit institutions define the organization capable of managing the
According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, Credit institutions ensure the management of change, the deployment
According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, Credit institutions shall implement an effective business continuity plan
According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, Credit institutions define the methods and means that enable
According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, the credit institutions shall define the organization and the
Cobac regulation R-2009/02/ determines the categories of credit institutions, their legal form and authorized activities in Cameroon. Credit Institution Credit institutions are those organizations, which
