(Business in Cameroon) - During the second half of 2017, SMEs operating within the CEMAC area captured only 7.68% of the CFA1,312.82 billion granted in loans by banks. This featured in the “Cost Statistics and Credit Conditions in CEMAC” report published by the Bank of Central African States (Beac).

During the period under review, private individuals absorbed 10.72 % of the loans while the largest share (76.63%) went to large companies. “84.26% of the disbursable loans provided during this period were short-term loans, while 13.49% were for mid-term and 2.25% for long term,” the document said.

Let’s note that SMES represent over 80% of CEMAC’s economic fabric.

BRM