Afriland First Bank has raised its share capital in Cameroon from CFAF50 billion to CFAF110 billion, an increase of CFAF60 billion, or 120%, according to a statement released by the bank’s management this week. The increase was carried out by capitalising reserves after approval from the Central African Banking Commission (COBAC).
By transferring accumulated reserves into share capital, the lender has changed the composition of its equity. Its board and general meeting had endorsed the increase, which has now taken effect following clearance from the banking supervisor of the Central African Economic and Monetary Community (CEMAC).
In CFAF billions
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Capital increase through the capitalisation of reserves; figures in CFA franc billions.
Source : Afriland First Bank statement reproduced by Cameroun Actuel, 6 November 2026
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| Category | CFAF billions |
|---|---|
| Before the increase | 50 |
| After the increase | 110 |
Backing expansion across Central Africa
Afriland First Bank links the move to its “First Bank Horizon 2030” strategy, which emphasises digital services, customer experience and financing for clients’ projects. The larger share-capital base accompanies its plans to expand within Cameroon and elsewhere in the CEMAC region.
The bank previously increased its capital from CFAF20 billion to CFAF50 billion in 2022. According to a report published on Friday by business outlet EcoMatin, the latest change gives it the largest share capital in Cameroon’s banking industry.
The lender already operates a branch in the Central African Republic. It also secured authorisations in September 2026 to establish branches in the Republic of the Congo and Chad, where it plans to expand corporate lending and retail banking services.