Share capital represents the funds a credit institution raises by issuing common or preferred shares to investors. It reflects the owners' initial investment, distinct from retained earnings, and functions as a regulatory cushion. Under new 2026 regulations, CEMAC banks must maintain minimum share capital of 25 billion FCFA.
In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, the application for prior authorization to increase the share capital must include, in particular;
The minutes of the extraordinary general meeting which approved the capital increase,
The share capital subscription form,
If applicable the waiver of preferential subscription rights,
A notarized declaration of subscription and payment in the case of a cash contribution,
A statement from the funds’ custodian account certifying that the funds have been paid-up,
The auditor’s report in the case of a contribution in kind,
The certificate of release of shares issued by the notary in the event of the set-off certain, liquid and payable debts. This certificate is drawn up on the basis of the accounts certified by the auditor,
The table showing the distribution of capital before and after the operation.
The application for prior authorization to reduce the share capital must include, in particular;
The minutes of the extraordinary general meeting which approved the capital reduction.
Statutory auditor’s report on the reasons for and conditions of the capital reduction.
The table showing the distribution of capital before and after the operation.