Credit Communautaire d'Afrique

Created at Bafoussam in Cameroon in July 1997 following Law N° 92/2006 of 14 August 1992 related to Cooperatives and Common Initiative Groups and the Decree n° 90/445/PM of 23/11/1992, Crédit Communautaire d’Afrique – Bank S.A abbreviated CCA S.A effectively kicked off its activities in 1998 in the form of a Savings and Loan Cooperative. In its perspective towards migrating into a bank, CCA in November 2015 decided to increase its capital from 5 000 000 000 FCFA to 15 000 000 000 FCFA. The partial release augmenting its capital to 10 000 000 000 FCFA in December 2016 allowed them to get the consent of the Central Africa Banking Commission in March 2017 for its approval as a Financial institution. On May 30 2018, the institution obtained its approval as a Bank under Decree N° 000405MINFI about its transformation from a 2nd Category Microfinance into a universal Bank.