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The days when the term "microfinance" accompanied the initials "CCA" of the Crédit Communautaire d'Afrique are over. Now it's "CCA-Bank". Nearly 15 months after obtaining its bank authorization on May 20, 2017, by the Central African Banking Commission (Cobac), the company has (finally) its new brand. A transfer of statuses essentially containing the changes of the corporate purpose and the corporate name of the company. In other words: "there is a change of sector of activity, because this approval allows the Community Credit of Africa to join the banking system in Cameroon to capitalize on its achievements. CCA is now a credit institution and no longer a microfinance institution, "explains a cadre of the now fifteenth classic bank of Cameroon.
What will change?
The change of status of the Indeed, as a credit institution classified as a universal bank, the former CCA microfinance offers a wealth of advantages in the sector. According to the experts, the CCA-Bank will, for example, access the Central Bank, notably the various Cemac money market windows where all the banks in the Central African sub-region make cash investments, as well as the market for cash. free public securities of the Bank of Central African States (Beac). In addition, CCA-Bank checks will be directly clearable on the Central Bank platform. " On the national level indeed, our checks will be compensated in real time, as well as our transfers ," says Alexis Megudjou, Deputy Director General of CCA-Bank. Another positive change in perspective, transfers to customers of CCA-Bank will be done without the other banks as in the past and it will make days of values earned by customers like employees (civil servants, employees private sector and parapublic), pensioners, state providers, traders, industrialists etc. In addition, "transfers made by our customers to other banks will reach directly to and on the accounts of beneficiaries, also days of value earned," says one to CCA-Bank. We are still learning that refinancing is already possible with the Central Bank which is "lender e, last resort", which gives the new bank the opportunity to boost its jobs and optimize its financial performance . In fact, CCA-Bank becomes a member of the Deposit Guarantee Fund in Central Africa (Fogadac). A strategic position which gives the young banking institution, more credibility vis-à-vis savers, " thanks to the insurance which is conferred on him to see his customers be compensated in case of unavailability of their deposit . "
At the international level, CCA-Bank now has the right to have its (correspondent) partner banks throughout the world for external operations. "Indeed, we learn, CCA-Bank can now support its importing and exporting customers in their transactions" among which: the opening and confirmation of documentary credits; the issuance of letters of credit and various securities; the domiciliation of their export earnings and the mobilization of documents. And also the transfers issued abroad; repatriation of funds; the sale of foreign currency; the supply of international bank cards etc.
The honored PCA
CCA-Bank's accreditation thus gives the institution the opportunity to celebrate its 20 years of activity with pomp. Created in 1997, Crédit Communautaire d'Afrique launched its activities one year later as a cooperative savings and credit company. Prior to 2001, it was upgraded to a second-tier microfinance institution in line with reforms in the microfinance sector in the CEMAC zone. " But the road was not a long calm river; many confreres stayed there. This is the place to say congratulations to the actors of the CCA, especially its staff who has been able to embody the values of development and prudence to ensure sustainable growth "says the management of the bank. And to add: " the honor goes to Mr. Nkemla Albert, promoter and chairman of the Board of Directors who had the ingenious idea to create this company and to supervise young Cameroonians who have killed a job today rewarded ".
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