Société Générale Cameroun (General Bank of Cameroon)
May 2026 · CameroonAgreement signed on 15 July 2025, COBAC non-objection in late April 2026, closing in Douala on 12 May 2026. The State describes a transitional holding before strategic partners come in.
Activity : Banking
Announced July 2025, completed May 2026 — 10 months from announcement to closing
Instrument : Purchase of 58.08% from Société Générale for XAF 129bn incl. tax; State stake raised to 83.68% (SanlamAllianz keeps 16.32%)
The country's second-largest bank, renamed General Bank of Cameroon; largest lender in Q1 2026.
Why they invested
- Exit of a French banking group
- State preference for national control of banks
Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Financial Afrik, Ecofin