The bank’s new leadership team includes Ezékiel Passam as Chairman of the Board, succeeding Alain Malong. A seasoned banker, Passam brings extensive experience to lead the transition following the Cameroonian government’s majority acquisition of the institution.

Victor Noumoué, former Deputy Managing Director, has been promoted to Managing Director, overseeing day-to-day operations. Noumoué, a graduate of HEC Paris, has spent most of his career with the Société Générale Group, serving as Director General after the French governance withdrawal, replacing Senegalese executive Yeri Seck.

Government completes majority acquisition

The leadership appointments follow the Cameroonian government’s definitive takeover of General Bank of Cameroon (GBC), formerly Société Générale Cameroun. The state now holds an 83.68% stake in the bank after acquiring 58.08% of Société Générale’s shares for 129 billion CFA francs on May 12, 2026.

The newly appointed leadership team also includes Jean-Michel Ondo and Roland Firmin Same Dikongue as Deputy Managing Directors, appointed during the board meeting held in Yaoundé on July 15, 2026.

The bank now operates under its new identity as General Bank of Cameroon (GBC), marking a significant shift in its ownership structure and governance.