logoBC
Yaoundé - 15 August 2020 -
Bank

Cemac: Total bank balance sheet peaked at XAF12.872bln in late September 2018, up 1.5% year-on-year

Cemac: Total bank balance sheet peaked at XAF12.872bln in late September 2018, up 1.5% year-on-year
  • Comments   -   Wednesday, 23 January 2019 14:32

(Business in Cameroon) - At the end of September 2018, the total balance sheet of banks operating within the Cemac area peaked at XAF12.872 billion, an increase by 1.5% (+XAF194.9 billion) compared to the same period in 2017. Figures were provided by the Central Bank Beac in a recent report.

In details, net loans to deposit ratio reached 125.2% against 121.4% previously. Transactions with customers provided a surplus of resources of XAF1,920 billion against XAF1,631 billion at the end of September 2017 while the cash flow surplus was XAF2,526 billion (19.9% of the total balance sheet), up 17.5% (+XAF376 billion) compared to September 2017.

Beac reports that the higher cash flow surplus is the result of a strong augmentation in deposits, added to a below-average increase in loans granted between the two periods.

Further, the bank notes an increase in the permanent capital surplus by XAF67.7 billion (+18.1%) spurred by the strengthening of equity carried out mainly during the delivery of results during the 2017 financial year.

S.A

camrail-renovates-13-railway-bridges-and-announces-completion-of-rehabilitation-works-on-55-others-for-2021
The Interministerial Committee on Railways Infrastructure (Comifer) recently checked the completion of renovation works on 13 railway bridges. According...
cemac-beac-announces-the-launch-of-etransfert-to-speed-up-the-processing-of-wire-transfer-requests
The Bank of Central African States (BEAC), the central bank of CEMAC countries, announces that on September 1, 2020, it will officially...
cameroon-postpones-implementation-of-the-fifth-phase-of-its-epa-with-the-eu
Importers were recently surprised to be asked the full customs duties for their car imports from the European Union (EU) instead of receiving a 10%...
national-bank-of-equatorial-guinea-obtains-business-license-for-its-subsidiary-in-cameroon
Bange Bank Cameroon SA, a subsidiary being set up by the National Bank of Equatorial Guinea (Bange) in Cameroon, was issued a business license by the...

Mags frontpage


Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon


Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”


Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns


Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »