12% of Cameroonian bank loans in trouble

The loan portfolio of Cameroonian banks is worrying the country’s National Loan Council.

Indeed, in a release issued following the body’s last meeting, the portfolio “remains unsatisfactory with 12% of loans in arrears.”

However, despite the gloomy numbers, the Nation Loan Council notes that, between September 2013 and September 2014, “the Cameroonian bank sector’s financial situation significantly improved.”

This significant improvement, one can conclude, is certainly as a result of the announced end of Commercial Bank of Cameroon (CBC) restructuring, which was recently recapitalised.