INTRODUCTION
Banking Regulations and Legislation in Cameroon have been designed to assure the stability of the Banking system and this involves a diverse range of rules, and regulations. Below are graphical highlights on key areas on the Cameroon Banking Industry.
OVERVIEW OF THE BANKING SYSTEM
MAIN CHARACTERISTICS OF THE BANKING SYSTEM
- The total number of banks in Cameroon are 7, after the closure/liquidation of Meridien-BIA0 Bank in September 1996.
- Banks in Cameroon are all Commercial Banks ; mainly handling traditional banking functions, lending short term and specialising in short-term self-Iiquidated trade finance.
- Apart from AMITY, CCEI and Standard Chartered Banks, which are privately owned, the other 4 banks have government participation of between 35% to 83% and heavily influenced by the latter. The Banking Industry in Cameroon is most heavily undercapitalised and if the required provisions were made would reflect huge negative net worths.
