CameroonAntitrust/Competition Law
The Cameroonian Banking and Financial environment has not seen many changes in the area of the practice and the law relating thereto since our last contribution. We have in consequence, attempted an update of the salient features characteristic of Banking and Finance in this issue.
1. SIZE AND MATURITY OF THE BANKING AND FINANCIAL SYSTEM IN CAMEROON
The Financial Institutions that fall within the ambit of the 1985 ordinance relating to the formation of credit establishments and Presidential Decree No 9011496 of November 9, 1990 defining a 'Credit Establishment' are relatively few, especially when one takes into consideration the size of the banking sector in the Western World and even some Third World Countries with better regulated and more competitive banking sectors. However, the Republic of Cameroon has one of the highest number of institutions that carry out bank related business in the Central African Sub-Region. The Country as noted, hosts the headquarters of the Bank
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
