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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.

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