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DRC: Afriland First Bank placed under provisional administration

22/06/2022
Categories: Companies

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The tumultuous soap opera in which the banking sector in the Democratic Republic of Congo (DRC) has been plunged for some time with "affairs" related to governance has just written another episode with the decision of the Central Bank of Congo (BCC) to place the local subsidiary of the Cameroonian group Afriland First Bank (AFB) under provisional administration. The tumultuous soap opera in which the banking sector in the Democratic Republic of Congo (DRC) has been plunged for some time with "affairs" related to governance has just had another episode with the decision of the Central Bank of Congo (BCC) to place the local subsidiary of the Cameroonian group Afriland First Bank (AFB) under provisional administration. According to the regulator, this decision should enable the management committee appointed for this purpose to propose a recovery plan within a maximum of six months, which should lead to the restructuring of this banking establishment.

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