The General Bank of Cameroon (GBC) has undergone a major leadership transition following its acquisition by the Cameroonian state. The changes mark a definitive shift in ownership, with the government now holding an 83.68% stake in the institution.

At the helm of the new management team is Ezékiel Passam, who has been appointed Chairman of the Board. A seasoned banker with extensive experience in the financial sector, Passam steps into the role previously held by Alain Malong. His appointment was formalized during a board meeting held in Yaoundé on July 15, 2026.

The restructuring also sees Victor Noumoué promoted to the position of Chief Executive Officer (CEO). Noumoué, who previously served as Deputy CEO, brings a strong academic background from HEC Paris and a long career within the Société Générale group. His elevation follows the departure of French governance from the institution.

New leadership lineup at the General Bank of Cameroon

The newly appointed leadership team includes:

• Ezékiel Passam – Chairman of the Board
• Victor Noumoué – Chief Executive Officer (CEO)
• Jean-Michel Ondo – Deputy CEO
• Roland Firmin Same Dikongue – Deputy CEO

These appointments come after the Cameroonian state finalized the acquisition of Société Générale’s 58.08% stake in its Cameroonian subsidiary on May 12, 2026. The deal, valued at 129 billion FCFA, increased the state’s ownership to 83.68% of the bank’s capital. The institution now operates under the name General Bank of Cameroon (GBC), reflecting its new identity and governance structure.

The leadership changes underscore the government’s strategic move to consolidate control over a key financial institution in the country, signaling a new chapter for banking in Cameroon.