General Bank of Cameroon (GBC) has appointed a new executive team, marking a key step in the restructuring of the lender following its nationalization.
The board meeting on July 15 formalized the leadership changes as the institution operates under the direct control of the Cameroonian state.
The appointment comes two months after the government completed its acquisition of Société Générale Cameroun.
The rebranding to General Bank of Cameroon signals a shift away from the French parent company's influence, with the state now acting as the sole shareholder.
The new management is tasked with stabilizing operations and aligning the bank's strategy with national economic priorities.
This development is part of a broader trend of state intervention in Cameroon's financial sector.