Regulators in Cameroon have authorized Citicorp to open a branch, a bank spokesman confirmed.

He added that it would probably not open until next year and would initially be used mainly for corporate banking. Citicorp officials said the decision to open in Cameroon was made after the bank concluded that the market was underserved.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.