Cameroon: UBA transfers its clients' shares listed on BVMAC to Attijari Securities Central Africa
The Cameroonian subsidiary of the Nigerian banking group United Bank for Africa (UBA), which does not yet have a brokerage firm, has transferred the shares of its clients listed on the Central African Securities Exchange (BVMAC) to Attijari Securities Central Africa (ASCA), the brokerage company belonging to the Société Commerciale de Banque du Cameroun (SCB), a subsidiary of the Moroccan group Attijariwafa Bank. “It would be interesting to have a brokerage company component. It is in the process of being planned, because the current dynamic of all the banks in Cameroon is to create a stock exchange company”, we specify to UBA. This deal is