The west African nation of Cameroon is the latest to welcome BCC into its business community. The decree for the establishment of a joint venture bank between the BCC Group and the government of the Cameroon was issued in November 1981. The bank will have a capital of CFA 500 million (US $1=300 CFA). BCC will now open two branches, one in Douala, the main commercial centre and chief 3ort, and the other in Yaounde, the capital. The premises for both branches have been acquired and it is hoped that the branches will be ready to start operation by the end of 1981.
BCC has more branches in more countries in Africa than any other bank operating in the continent. This is the conclusion of a survey by the Middle East Economic Digest. BCC now has 48 offices in 19 African countries, with ten representative offices in three countries and nine subsidiaries in eight countries.
Read the full issue here: BCC International - No. 11