In Cameroon, BGFIBank and AFG Bank capture 31.2% of new loans

The two banks increased their market shares over the past year, while the total volume of new loans fell. Businesses remain the main beneficiaries.

By Chantal Hounkpatin · 25 October 2026 · 1 min read

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Siège de la BEAC à Yaoundé, le 3 juin 2015. Photo d’archive d’illustration. Albert Bergonzo / Wikimedia Commons. Licence CC BY-SA 4.0, https://creativecommons.org/licenses/by-sa/4.0/ . Source https://commons.wikimedia.org/wiki/File:Yaounde-BEAC.jpg . Recadrage et conversion WebP.

BGFIBank Cameroon and AFG Bank Cameroon accounted for 31.2% of new loans granted by banks in the country in the second quarter of 2026, according to a report by the Bank of Central African States (BEAC) published in October.

BGFIBank leads with 15.86% of new loans, compared with 8.6% a year earlier. AFG Bank, still referred to by its former name, Banque Atlantique du Cameroun, in the report, follows with 15.35%, compared with 10.4%, according to Sika Finance.

The two banks are gaining ground while the total volume of new loans fell by 3.33% year on year, to FCFA 1,824.2 billion.

That progress nonetheless leaves a fragmented market. According to the BEAC, no single institution can on its own influence prices or the general conditions of credit.

Businesses received nearly 92% of financing. SMEs obtained FCFA 375.5 billion, up 19.94% year on year, while large companies captured FCFA 1,298.4 billion.

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