new leadership takes charge at general bank of Cameroon
Cameroon’s state-owned financial institution undergoes major governance restructuring as new executives assume key roles.
Cameroon’s state completes full acquisition of major bank
the general bank of Cameroon (gbc) has officially transitioned to state control following the completion of Cameroon’s government acquiring 58.08% of shares previously held by société générale. the landmark transaction, valued at 129 billion cfa francs, increased state ownership to 83.68% of total capital in may 2026.
new executive team appointed in Yaoundé
a strategic restructuring meeting held in Yaoundé on july 15, 2026, formalized the appointment of Cameroon’s new banking leadership. ezékiel passam has been named chairman of the board, succeeding alain malong. victor noumoué, previously deputy managing director, now serves as the bank’s managing director.
key appointments confirmed
- ezékiel passam – chairman of the board (former banking executive)
- victor noumoué – managing director (hec Paris graduate with extensive société générale experience)
- jean-michel ondo – deputy managing director
- roland firmin same dikongue – deputy managing director
noumoué brings nearly two decades of banking experience from société générale, where he held multiple leadership positions before stepping into the deputy role. the banking executive’s appointment comes as the french group completed its withdrawal from Cameroon’s financial sector.
the restructuring marks a significant shift in Cameroon’s banking sector, with the state consolidating its control over one of the country’s major financial institutions. the new leadership team is expected to implement strategic initiatives to strengthen the bank’s position in Cameroon’s evolving economic landscape.
