The Central African Banking Commission (French: COmmission Bancaire de l'Afrique Centrale, COBAC) is a supranational bank supervisor established in 1993 and based in Libreville, Gabon.
It is institutionally part of the Bank of Central African States (French acronym BEAC) and is the single banking supervisor for the six countries of the Economic and Monetary Community of Central Africa (CEMAC), namely Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo.
On 16 October 1990, following similar reform pioneered by the Central Bank of West African States earlier the same year, the member states decided to pool their banking supervision and created the COBAC for that purpose within the BEAC.
[2] That same year, a common deposit insurance fund (French: Fonds de Garantie des Dépôts en Afrique Centrale, FOGADAC) entered into force.
[3] On 1 January 2025, COBAC (Central African Banking Commission) grants CEMAC (Central African Economic and Monetary Community) banks the possibility of opening branches in the six CEMAC countries, with a single authorization[4].