(Business in Cameroon) - Between December 2017 and April 2018, the gross reserves of CEMAC's banking system, composed of free and minimum reserves, improved by 0.6% to CFA1,773.6 billion. This was revealed by the Bank of Central African States (Beac) in a report on the region’s economic situation.

In detail, only Cameroon and Gabon positively contributed to the growth by up to +1.9 points and +5.8 points, respectively. Equatorial Guinea accounted for -4.9 points, Congo -0.9 points, Central African Republic -0.9 points, and -0.4 points for Chad.

On a year-on-year basis, the reversal of the downward trend in CEMAC's bank reserves, which began in November 2017, continued but decelerated in April 2018, Beac said. Indeed, banks' gross reserves increased by +10.5% in April 2018, while growth stood at +16.9% and +19.4% in March and February 2018 respectively.

S.A