Welcome to

DRC CAMEROON

Cameroonn Debt Recovery Corporation

Serving the State and its departments since 1989

A word from the General Manager

It is understood that the Cameroon Debt Recovery Corporation (DRC) performs a key role in the management of the state’s public finances. Since its creation, it has been dedicated to returning the resources that are rightfully owed to the state and its various departments. relying on a strengthened legal framework, a meticulous method and an unquestionable professional integrity to achieve this duty. The specific prerogative we have in the accomplishment of our missions (privilege of the Treasury, powers of requisition, and the exercise of compulsion) imposes us transparency, efficiency and innovation. And the creation of the website is part of the modernisation and opening-up process.  This innovation involves making it easier for people to have access to services, results and governance of the DRC. We wish you a pleasant browsing experience and would like to express our gratitude for your continued trust in our institution.

Our responsabilities

We are not currently undertaking any missions. In accordance with the Decree No. 2020/016 of 9 January 2020 regarding the restructuring of the DRC, the institution is considered as a public entity, entrusted with legal personality, financial autonomy, and the authority of a public entity. The DRC carries out four main missions.

Recovery of debts

Recovery of debts owed to the State, public institutions and banks in liquidation, as well as debts arising from financial penalties.

Management of assets

The Management of public or private assets related to debts. The Maintenance of real estate and equipment, management of warranties: legal and judicial mortgage.

Liquidation

The liquidation of financial institutions is carried out in two ways: amiable (at the behest of the relevant authority) or judicial (within the scope of a legal proceeding).

Support and advice

The Provision of Legal support, management of litigation and compensation, as well as legal consulting services in order to optimise debt and dispute management.

The organisation of DRC

DRC's governance is structured around three bodies

  • The General Assembly :
    Made up of representatives of the highest institutions of the Republic..

  • The Board of Directors :
    A body responsible for deliberation and strategic direction.

  • The General Directorate :
    The executive body is responsible for implementing the organisations's missions.

The operational organization chart includes the key departments

  • Department for the recovery of bank and commercial debts
  • Department for the recovery of debts arising from financial penalties imposed on behalf of the state and its agencies
  • Department for litigation, legal affairs and creditor compensation
  • Administrative, Financial and accounting department
  • Asset management department

Legal framework

Activities of DRC are governed by a specific legal and regulatory framework

The legal framework governing the activities of the Cameroon Debt Recovery Corporation (DRC) consists of a full arsenal of specific set of regulations. A fundamental element of this legal framework is Law No. 93/012 of 22 December 1993, granting the privilege of the Treasury to DRC. This privilege, as well as the terms and conditions for debt recovery by beneficiary public entities, was reinforced by Law No. 2023/011 of 25 July 2023, positioning DRC as the "secular arm of the State".

History

The SRC was created by the Decree n°89/1283 du 18 august 1989. Since then, its missions have expanded and strengthened in line with the various institutional reforms. Initially focused on debt recovery for banks, it now covers a much broader range of operations, including financial penalties and estate management.
The 2020 reorganization is a key step in making the company more professional, diversifying its activities and modernising its IT system.

Key indicators

Performance and Transparency

The Cameroon Debt Recovery Corporation (DRC), as the “secular arm of the State”, is making an increasing contribution to the financial sustainability of the State of Cameroon:

Year of creation.

T

CFA francs: nominal value of assets transferred to DRC as of December 31, 2024.

B

CFA francs: amount recovered as of December 31, 2024.

B

CFA francs: amount remaining to be recovered as of December 31, 2024.