The board of directors of BGFIBank Cameroon, a subsidiary of the Gabonese group, announced on February 27, 2026, a significant increase in its share capital, raising it from 20 to 50 billion FCFA [cite: ]. This decision was made at a board meeting held in Douala, the economic capital of Cameroon [cite: ].
According to the press release issued after the meeting, this 150% recapitalization is justified by the exceptional performance recorded by the bank during the past financial year [cite: ]. The board of directors highlighted an 18% increase in net income, attributing these results to the strength of BGFIBank Cameroon's economic model, the rigor of its management, and the commitment of its teams [cite: ].
The directors congratulated all the staff for their professionalism, also praising the leadership of the Managing Director, Mr. Abakal Mahamat [cite: ]. This capital increase coincides with the 15th anniversary of BGFIBank's presence in Cameroon, a period marked by an active contribution to financing the economy, developing businesses, and promoting financial inclusion [cite: ].
The parent company of the BGFIBank group clearly states its ambitions for its Cameroonian subsidiary, considering Cameroon as a strategic growth hub and aiming to have it play a major role in its regional expansion [cite: ]. In 2025, BGFIBank Cameroon was mandated to mobilize nearly 120 billion FCFA for the construction of an oil refinery in Kribi and participated in the financing of the PROALU plant of the Prometal group [cite: ]. The bank also signed partnership agreements with Stricam Sarl and Africa Processing Company to support SMEs and expanded its network with the opening of three new branches in Douala [cite: ].
In addition to its banking activities, BGFIBank Cameroon carried out several social initiatives in 2025, including the rehabilitation of the Edéa Regional Hospital and donations of school equipment [cite: ]. The BGFIBank Foundation also donated a laboratory to the University of Douala [cite: ]. In terms of compliance, BGFIBank Cameroon renewed its AML 30000 certification, attesting to its standards in the fight against money laundering and terrorist financing [cite: ]. In 2024, the subsidiary had already distributed 10 billion FCFA in dividends to its shareholders, reflecting a continuous improvement in its results since its establishment in 2011 [cite: ].
