The Cameroonian subsidiary of the Gabonese group held its board meeting on February 27, 2026, in Douala. The directors approved a major recapitalization of the institution, increasing its capital from 20 to 50 billion FCFA. This decision comes as the bank’s performance exceeded the targets set for the past fiscal year.

The Board of Directors of BGFIBank Cameroon met on February 27, 2026, in Douala, the economic capital. During the meeting, the directors approved a significant increase in the subsidiary’s share capital, from 20 to 50 billion FCFA, representing a 150% increase. The directors justified this decision by citing the exceptional results recorded for the past fiscal year. “BGFIBank Cameroon delivered outstanding financial performance, far exceeding the targets set for the past fiscal year, with an 18% increase in Net Income. This performance reflects the strength of the business model, the rigor of the management, and the unwavering commitment of the teams,” stated the press release issued after the meeting.

The governing body wished to commend the quality of work accomplished by all staff. “The Board of Directors wished to congratulate all staff for their professionalism and commitment, also praising the quality of leadership provided by Mr. Abakal Mahamat, Managing Director,” the statement reads.

This capital increase comes as the institution celebrates fifteen years of operation in the country. The statement specifies that these fifteen years have been “marked by an active contribution to financing the economy, developing businesses, and promoting financial inclusion.” The parent company clearly states its ambitions for its Cameroonian subsidiary. “Cameroon remains a strategic growth hub for the BGFIBank Group, which has high hopes for this subsidiary, destined to play a major role in its regional expansion,” the press release emphasizes.

2025 was a particularly busy year for the bank in terms of productive financing. BGFIBank Cameroon was mandated to raise nearly 120 billion FCFA for the construction of an oil refinery in the Kribi industrial-port zone. The bank also acts as the agent bank and manages the administrative and financial aspects of the funds.

The manufacturing industry also benefited from the bank’s support. On September 12, 2025, BGFIBank Cameroon participated in the signing of the financing agreements for the PROALU plant of the Prometal group. This industrial project, valued at 88 billion FCFA, aims to locally process aluminum produced by ALUCAM. The bank is acting as co-arranger and agent bank, with a contribution of approximately 15.55 billion FCFA.

Small and medium-sized enterprises (SMEs) were also a major focus of the bank’s development in 2025. On June 12 and 13, 2025, two partnership agreements were signed with Stricam Sarl and Africa Processing Company. Commercial expansion continued with the opening of three new branches on November 20 in Douala. Named Cornaline, Amazonite, and Malachite, they are located in Ndokoti, at the central market at the Gazon intersection, and at the Congo market on Rue Gallieni. These branches target areas with a high concentration of commercial and artisanal activity in the 3rd, 2nd, and 1st districts of Douala, with the aim of attracting a clientele of merchants, artisans, and SMEs.

Alongside its banking activities, the institution launched numerous social initiatives in 2025. As part of BGFIDay, on December 9th, the bank funded renovation work and donated medical equipment to the Edéa Regional Hospital. The bank also renovated classrooms, provided access to drinking water, and donated school supplies to various institutions. Higher education also benefited from this commitment. On June 3rd, 2025, the BGFIBank Foundation officially handed over a food development and quality control laboratory to the University of Douala.

In terms of compliance, BGFIBank Cameroon renewed on June 25, 2025 its AML 30000 certification issued to the Paris Euronext Stock Exchange by Coficert, attesting to its standards in the fight against money laundering and terrorist financing.

The 2024 fiscal year had already put the subsidiary on an upward trajectory. The board of directors, meeting on March 20, 2025, in Douala, approved the distribution of 10 billion FCFA in dividends to its shareholders. Data published at the time indicated a continuous increase in results since the bank’s establishment in 2011. Net income had thus risen from 3 billion FCFA in 2019 to 11 billion in 2023.

The figures released following this meeting also showed outstanding loans of 425 billion FCFA in 2023, an increase of 20% compared to 2022. Deposits, meanwhile, had increased from 278 billion FCFA in 2022 to 303 billion in 2023.