Bank & Insurance
BCP increases its share in Cameroon’s international bank (BICEC) to 78%

BCP increases its share in Cameroon’s international bank (BICEC) to 78%

Less than three months after taking over the BPCE group’s subsidiary, Morocco’s former public bank has made its ambitions for its new subsidiary clear with a recapitalisation that increased its stake in the BICEC to above 70%.

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            ▪ BCP increases its share in Cameroon’s international bank (BICEC) to 78%

▪ Less than three months after taking over the BPCE group’s subsidiary, Morocco’s former public bank has made its ambitions for its new subsidiary clear with a recapitalisation that increased its stake in the BICEC to above 70%.

http://www.jeuneafriquebusinessplus.com/en/805900/bcp-increases-its-share-in-cameroons-international-bank-bicec-to-78/

26/10/2020 at 08h33, by Jeune Afrique Business+, updated 27/10/2020

Cameroon’s international savings and credit bank (Banque internationale du Cameroun pour l’épargne et le crédit, or BICEC) was acquired in November 2019 from the French group, which held 68.5% of the Douala-based financial institution’s outstanding shares.

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