{"id":474643,"date":"2021-12-06T12:01:58","date_gmt":"2021-12-06T12:01:58","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474643"},"modified":"2021-12-06T12:01:58","modified_gmt":"2021-12-06T12:01:58","slug":"cameroon-a-new-managing-director-for-union-bank","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/12\/06\/cameroon-a-new-managing-director-for-union-bank\/","title":{"rendered":"Cameroon: a new managing director for Union Bank"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The restructuring of the Union bank of Cameroon (UBC) continues with the choice of corporate officers, in this case, the appointment of Charlotte Kouetcheu (photo) as Chief Executive Officer replacing F\u00e9lix Landry Njoume, whose mandate ended with \u201cthe official exit of Ecobank Transnational Incorpored (ETI) as the majority shareholder of the bank\u201d.<\/p>\n<p>The new director is an experienced manager who has accumulated around thirty years of experience having held numerous positions of responsibility in the banking sector, among others, managing director of Cr\u00e9dit communautaire d&#8217;Afrique (CCA Bank) and director of human resources at Commercial Bank Cameroon (CBC).<\/p>\n<p>The new boss of Union Bank holds a graduate degree in banking, a post-graduate degree and a master&#8217;s degree in economics. &#8220;The Board of Directors is confident that Ms. Charlotte Kouecheu will continue to effectively implement the bank&#8217;s new strategy,&#8221; the company said.<\/p>\n<p>It is on November 22, 2021 that the restructuring plan of UBC was recorded during an extraordinary general meeting of shareholders focusing mainly on the ratification of the exit of Ecobank Transnational Incorporated and the entry of the State. Cameroon as a reference shareholder with 54% of the shares. Before this acquisition, the State had already injected 17.8 billion FCFA ($ 30 million) a few months ago allowing the recapitalization of this financial institution then threatened with liquidation by the Central African Banking Commission (COBAC) .<\/p>\n<p>Beyond a difficult economic situation reinforced by the health crisis linked to the coronavirus, the presentation of the accounts at the end of the 2020 financial year confirmed an overall growth in UBC&#8217;s activities with an improvement in annual revenues of 9% per year. compared to fiscal year 2019. During the same period, there was a &#8220;record&#8221; growth of 18% of deposits compared to the previous fiscal year for a net banking profit (BNB) of CFAF 1.5 billion, or approximately $ 2.7 million.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The restructuring of the Union bank of Cameroon (UBC) continues with the choice of corporate officers, in this case, the appointment of Charlotte Kouetcheu (photo) as Chief Executive Officer replacing F\u00e9lix Landry Njoume, whose mandate ended with \u201cthe official exit of Ecobank Transnational Incorpored (ETI) as the majority shareholder of the bank\u201d. The new director<\/p>\n","protected":false},"author":536282,"featured_media":474644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,11996,12046,12067],"tags":[230,19353,2327],"class_list":{"0":"post-474643","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-finance-en","9":"category-leaders-en","10":"category-managers-en","11":"tag-cameroon","12":"tag-new-managing-director","13":"tag-union-bank","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroon: a new managing director for Union Bank - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/12\/06\/cameroon-a-new-managing-director-for-union-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-06T12:01:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/12\/telechargement-1-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"112\" \/>\n\t<meta property=\"og:image:height\" content=\"112\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Cameroon: a new managing director for Union Bank\",\"datePublished\":\"2021-12-06T12:01:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/\"},\"wordCount\":309,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/telechargement-1-2.jpg\",\"keywords\":[\"Cameroon\",\"new Managing Director\",\"Union Bank\"],\"articleSection\":[\"Bank\",\"Finance\",\"Leaders\",\"Managers\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/\",\"name\":\"Cameroon: a new managing director for Union Bank - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/12\\\/06\\\/cameroon-a-new-managing-director-for-union-bank\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/telechargement-1-2.jpg\",\"datePublished\":\"2021-12-06T12:01:58+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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