Afriland First Bank raises share capital to CFAF 110 billion
The bank moved CFAF 60 billion from reserves to capital without new funding, keeping total equity the same.
Afriland First Bank increased its share capital from CFAF 50 billion to CFAF 110 billion by capitalizing CFAF 60 billion in reserves. The Central African Banking Commission (COBAC) approved the change, which was confirmed on November 5, 2026. This move did not involve any new cash injection into the bank.
Shareholders had agreed to the capital increase on April 28, 2026, but regulatory approval was necessary. The bank reclassified existing reserves as share capital, meaning its total shareholders' equity remains unchanged. Updated regulatory capital ratios were not provided by the bank.
The CFAF 60 billion now part of the share capital was previously held within CFAF 112.66 billion in combined reserves and retained earnings as of August 31, 2026. This reclassification represents 53.3% of those reserves.