(Business in Cameroon) - Over the first six months this year, banks operating in Cameroon granted loans worth XAF3,372.1 billion, representing 75% of the XAF4,500.2 billion granted as loans within the Cemac zone the same period. This weight of Cameroon in Cemac loans in H1 2018 is 4% higher than the share the same period last year.
According to Cemac’s central bank Beac, Gabon came second behind Cameroon, providing XAF646.85 billion, or 14% of total amount of loans; ahead of Congo (4%), Equatorial Guinea (3%), Chad (3%) and Central African Republic (1%). Cameroon and Gabon alone, Beac says, granted 89.31% of the amount.
“With regards to type of beneficiaries, large companies and SMEs captured respectively 73.62% and 14.54% of loans. As for individuals they received just 4.52% of the aggregate loan amount,” detailed Beac.