National Financial Credit Bank SA (NFCB) is a commercial bank

Commercial bank

After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

 in Cameroon

Cameroon

Cameroon, officially the Republic of Cameroon , is a country in west Central Africa. It is bordered by Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon's coastline lies on the...

. It is one of the fourteen (14) licensed commercial banks in the country.

History

NFCB was formed in 1989 as National Finance Credit Company (NFCC). Since inception, NFCC has been functioning as a savings and credit institution. NFCC received a full banking license in 2006 and rebranded to its current name. Upon the direction of the Central Bank of Central African States, Loita Capital Partners International, a Mauritius

Mauritius

Mauritius , officially the Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean, about east of Madagascar...

 - based investment banking company, was invited to invest in NFCB and to provide technical and expert guidance during the transition from a savings and credit institution to a fully fledged commercial bank.

See also

• List of banks in Cameroon
• Central Bank of Central African States
• Economy of Cameroon
  Economy of Cameroon
  For a quarter-century following independence, Cameroon was one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports —petroleum, cocoa, coffee, and cotton — in the mid-1980s, combined with an overvalued currency and economic mismanagement,...