BY NDUMBE BELL JOSEPH GASTON IN DOUALA
Reports reaching us from the CCA-Bank have announced the change of baton at the pinnacle of the bank.
Following a decision from the Board of Directors of the CCA-Bank last April 24, 2023 in Yaounde, Mme Marguerite Fonkwen Atanga is now the Managing Director of the bank. She replaces Alexis Megudjou who has been there since April 28, 2020 and was responsible to launch the activities of the bank which had outgrown the ranks of a microfinance institution.
The new Managing Director / CEO is known for her extensive and brilliant performance in the financial ecosystem for over 20 years. She had worked for multinationally-operated banks such as Standard Chartered Bank in Cameroon. Societe General subsidiary in Cameroon and also well-known to have ended her service with the Nigerian-originated bank, United Bank for Africa (UBA) for several years before her recent promotional appointment.
Following her academic exploits, she is reported to be bagging an Executive MBA in Business Administration from UQUAM in Canada and a diploma to which is said to be added several certifications and professional training.
In a statement released by the board, the financial health of the banking institution is described as good. “the outgoing CEO passes on to his replacement a financial situation with prudential standards fully respected in accordance with the banking regulations in force”.
CCA-bank balance sheet, according to their report, reflects a total value of FCFA 533 billion.It is reported to have a 2021 net profit of FCFA 4.2 billion and a 2021 net banking income of FCFA 24.4 billion. Only four years in operation the bank reportedly has an outstanding loan of FCFA 229 billion and an outstanding deposit of FCFA 432.991 billion.