The Footprints Of CCA’S 26 -Year Journey
CCA is a giant in the Cameroonian banking sector after 26 years of striving and innovating
The Credit Communautaire d’Afrique Bank S.A abbreviated CCA saw the light of day in 1997 in Bafoussam, chief town of the West region of Cameroon.
These first steps presented themselves as a micro finance; Its activities went operational in 1998 with a capital of 1 million CFA Francs .
This micro finance operated in conformity with the reforms of the sector put in place by the regulatory authority and this earned it the approval by the Ministry of the Economy and Finance as a second category micro finance institution in July 2001, which came after the approval of the Central Africa Banking Commission (COBAC) in January same year.
Five years down the lane, precisely in 2006 CCA climbed to the level of a limitted company with a capital increase from one billion (1.000.000.000) CFA Francs to 2 billion (2.000.000.000) CFA Francs. This marked a giant stride for this financial institution as it was proclaimed the number one micro finance in the Cameroonian landscape.
The year 2009 proved a revolutionary one as CCA embarked on the appointment of a General Manager and two deputy General Managers, thereby dissociating the functions of the Board Chair and the General Manager.
Another exploit surfaced in March 2010 where CCA took the decision to enlarge its social capital to the whooping sum of five billion (5.000.000.000) CFA Francs. This enabled the restructuring of its network on the quantitative and qualitative plan with the result being the proliferation of forty two branches across the ten regions of Cameroon.
The introduction of a technical change with the launch of electronic banking (e banking) offering three types of withdrawal cards on its forty nine automatic teller machines went operational in 2012.
In 2015 CCA increased its capital from 5billion CFA Francs to 15 billion CFA francs paving its way towards a bank.
After augmenting its capital to ten billion (10.000.000.000) CFA Francs in December 2016, they got the consent of the Central Africa Bank Commission one year after and also its approval as a financial institution.
A year on, that is 2018, CCA was approved as a bank.
After a 26 year journey, today it is proud to have a capital worth of 832 billions CFA francs, a mile stone worth celebrating.
The inauguration of its new building hosting the head office : the state of the art Twin 15 storey building of CCA BANK on October 19, 2024, constructed on 1300m2 located at rue joss Bonanjo, represents a significant milestone for the bank, which is committed to enhancing services for both local and international clients as pointed out by the Board Chair Albert Nkemla
According to him, the bank is also actively engaged in contributing to the well-being of society through the promotion of socio-economic activities and gender equality.
The new head office will coordinate the operations of 54 branches across the country, consolidating the leadership of CCA BANK in the financial sector.
Representing the minister of finance, Littoral Governor, Samiel Dieudomne Ivaha Diboua lauded the ceaseless efforts made by CCA in developing greatly to the country’s economic palmares .
The Boardchair Albert Nkemla, was decorated and raised to the rank of grand officer in the order of valor by the minister’s representative.