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Prepared by Malangu Kabedi-Mbuyi and Romain Veyrune.
Lack of reliable data on most financial institutions hampers a comprehensive analysis of the financial system at this stage. Consequently, the chapter focuses mostly on the banking sector.
Three of the largest banks in the sector are subsidiaries of foreign banks.
The Hirschman-Herfindhal Index is calculated as the sum of square market shares of banks. The HHI indicates: an unconcentrated marked when it is below 1,000; moderate concentration when it is higher than 1,000 but less than 1,800; and high concentration when it is above 1,800.
A regional stock exchange was established in Libreville (Gabon) in 2003. This may have generated increased competition for the DSX, in view of the thinness of the CEMAC market.
Payment on domestic debt in 2005–06 totaled CFAF 560.7 billion, including CFAF 66 billion to commercial banks.
The SSA average excludes Nigeria and South Africa.
Cameroon is one of the countries that adhered to OHADA in 1993. The OHADA Uniform Acts cover a wide range of laws and legal arrangements relating to business, and therefore relevant for the financial sector. Harmonization covers the business and corporate laws, bankruptcy, debt enforcement, accounting and arbitrage.