Yaounde, 15 September 2016 - Afriland First Bank, leader in the banking sector in Cameroon, announced that he joins the "SME Finance Forum" network. Taking this step will help Afriland First Bank to capitalize on the experiences shared around this exchange platform to provide innovative and better suited solutions to supporting and funding Cameroonian companies.
This move is to ensure consistency with the overall strategy of Afriland First Bank, firmly positioned on the Cameroonian market as the bank of small and medium size enterprises, the latter being the unique creator of value and jobs. It is important to remember that the business market segment represents 80% of the bank cash commitment.
The "SME Finance Forum" is a platform that brings together financial institutions, technology providers and development-oriented financial institutions which work together to facilitate access to finance for small and medium enterprises. The objectives of the platform are to share knowledge and experience and promote the growth of SME.
"We are pleased to join the network" SME Finance Forum "and look forward to working together to improve the support and financing of small and medium sized Cameroonian enterprises," commented Mr. Alphonse Nafack, Managing Director of First Bank Afriland.
According to Matthew Gamser, CEO of the SME Finance Forum: "The SME Finance Forum" recognizes the importance of SMEs in creating value and jobs. Our goal is to help the growth of economic activity by improving access to finance. We are pleased to welcome Afriland First Bank as a member of "SME Finance Forum" and look forward to sharing our experiences and expertise to increase the growth of SMEs in Cameroon. "
About the SME Finance Forum
The "SME Finance Forum" (www.smefinanceforum.org) is an initiative of the G-20, which works to improve the access to finance for small and medium businesses. The Forum brings together financial institutions, technology solution providers and financial institutions who share their knowledge and innovations and promote the development and growth of small and medium enterprises. The SME Finance Forum was established in 2012 under the management of the IFC, a World Bank Group subsidiary.
About Afriland First Bank
Afriland First Bank, is the market leader in the provision of financial services in Cameroon. Based on a model of universal banking, Afriland First Bank combines financial strength, quality of service and sustainable growth strategy, to put his performance in the service of financing the economy and projects of its clients.
Established in 1987, Afriland First Bank has a network of more than 40 branches spread across the 10 regions of Cameroon.
Afriland First Bank, which aspires to be the millennium bank, positions itself as the Bank of businesses, with 80% of its cash commitment dedicated to this market segment.
