Shareholders


Advans Cameroun was officially created in August 2006 with Advans SA as the main shareholder alongside Société Générale de Banques au Cameroun (SGBC), and two prominent and respected Cameroonian entrepreneurs. In June 2008, Advans Cameroun completed its capital increase and welcomed IFC as a new shareholder.

Advans SA

Advans SA was created by Horus Development Finance and development financial institutions AFD, CDC, EIB, FMO, IFC and KfW.

Advans SA's mission is to build a network of financial institutions in developing and emerging countries offering loans, deposits and other standard financial services to micro, small and medium sized enterprises which have limited or no access to formal banking services.

Société Générale de Banques au Cameroun (SGBC)

SGBC is a subsidiary of Société Générale operating in Cameroon since 1948. With 140,000 clients SGBC is the leading bank in Cameroon and has the second largest branch network in the country.

Société Générale is one of the leading financial services groups in the eurozone. With 157,000 employees worldwide, it serves nearly 32 million customers in 83 different countries.

In 2003, Société Générale launched a new microfinance project, focusing primarily on Africa and the Maghreb countries where a large proportion of the population does not have access to banking services. As a result, several of Société Générale's entities have already forged close ties with local microfinance institutions and granted refinancing loans Benin, Morocco, Lebanon, Madagascar, Jordan and Cameroon.

IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. IFC creates opportunity for people to escape poverty and improve their lives. IFC does so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development.

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