Societe Generale Cameroon (SGC) reported a net loss of 10.2 billion CFA francs ($16.8 million) for the 2025 financial year, according to its annual results published in March 2026. The loss was primarily driven by exceptional charges related to the parent company's sale of its African subsidiaries.
The French banking group announced in 2024 its exit from several African markets, including Cameroon, as part of a strategic refocus. The transaction, finalized in early 2025, involved the sale of SGC to a consortium led by the Moroccan bank Attijariwafa Bank.
SGC's 2025 results included a 15.3 billion CFA franc exceptional charge for restructuring and provisions linked to the sale. Excluding this charge, the bank's underlying operating profit was 5.1 billion CFA francs, down 12% from 2024 due to higher loan loss provisions.
The bank's total assets stood at 1.2 trillion CFA francs at end-2025, a 5% decline from the previous year. Customer deposits fell by 8% to 850 billion CFA francs, reflecting uncertainty during the ownership transition.
Attijariwafa Bank has announced plans to integrate SGC into its existing Cameroonian operations, with a target of completing the merger by mid-2027. The combined entity would become the third-largest bank in Cameroon by assets.
