Subject to prior approval from the Central African Banking Commission (Cobac), Ecobank Cameroon shareholders, meeting at their Ordinary General Meeting on March 28, 2025 in Douala, unanimously voted to pay a total gross dividend of FCFA 18.9 billion for the financial year ending December 31, 2024, representing a gross dividend of FCFA 189,460 per share held. This amount represents an increase of 47.5% compared to 2023.
This resolution of the General Assembly comes at a time when the bank has recorded a record profit since the start of its activities in Cameroon in 2001. Indeed, as of December 31, 2024, Ecobank Cameroon has a net profit of 21 billion FCFA. Compared to 2023, this is up +47.51%. The bank’s pre-tax profit increased by 32%, from 17.2 billion FCFA in 2023, to 22.8 billion FCFA.
The local subsidiary of the Ecobank group closed the year 2024 with a total balance sheet of 588.1 billion FCFA, and a deposit volume of 434.6 billion FCFA, an increase of 13% year-on-year. The bank’s outstanding credit, as of December 31, 2024, stood at 155.1 billion FCFA, down 15% compared to the same period last year. Net banking income (NBI) stood at 50.1 billion FCFA, an increase of 4.5 billion FCFA, representing growth of 10% year-on-year.
Ecobank Cameroon’s return on equity remained at double digits at 39.43%, reflecting a solid return on capital. “The Bank’s liquidity level is adequate and all regulatory ratios are met as of December 31, 2024,” reassures Gisèle Chantal Mbarga, Chairwoman of the Board of Directors.