Bank customer taking money from ATM
The Cameroonian subsidiary of the Ivorian banking group Banque Atlantique has now available to its clients automatic teller machines (ATM) which can offer more services such as transfers or change of PIN code for the client’s magnetic card.
The novelty is however in the fact that, we officially learn, this new equipment enables a client holding an account in Cameroon to make money transfers to other accounts “held in any of the 8 countries in the Banque Atlantique network” in Africa, being: Benin, Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Niger, Senegal and Togo.
As a reminder, Banque Atlantique debuted on the Cameroonian market in 2010, after buying out Amity Bank, a local institution in difficulty.
Since 2011, a decision until now ineffective from the Common Justice Court of the CEMAC questioned this transaction between the Cameroonian government and the Ivorian banking group, following a referral order by the shareholders of Amity Bank.
