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Yaoundé - 21 March 2019 -
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Cameroon provided 75% of loans granted in Cemac zone, in H1 2018

Cameroon provided 75% of loans granted in Cemac zone, in H1 2018
  • Comments   -   Friday, 14 December 2018 15:57

(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.

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