logoBC
Yaoundé - 18 October 2019 -
Bank

Cemac: Cameroon granted 60% of total credits in H2 2018

Cemac: Cameroon granted 60% of total credits in H2 2018
  • Comments   -   Tuesday, 23 April 2019 11:27

(Business in Cameroon) - Credits granted in H2 2018 within the Cemac area grew to nearly XAF4,797 billion, up XAF297 billion (+6.59%) from the first half, a Beac report says.

According to the document, Cameroon and Gabon were top providers granting about 87% of the total amount. XAF2,887 billion, or 60% of monies, was from the first country while the second granted 27% or XAF1,302 billion. Congo and Chad accounted for 7% and 3%, respectively, followed by E. Guinea (2%) and CAR (1%). Most of the funds (99.33%) were provided by banks ; this represents XAF4,465 billion. The 7 non-bank financial institutions identified in the region accounted only for 0.67% (XAF32 billion) of total credit granted over the period reviewed.

Beac indicated that the uptick in the H2 2018 was linked to seasonal increase in demand for credits due to year-end holidays and school loans. Yet, the Central Bank says whole-year credit activity was down 6.07% compared to 2017. Total 2018 credit amounted to XAF9,297 billion against XAF9,897 billion the previous year.

Sylvain Andzongo

france-first-supplier-of-imported-products-under-cameroon-s-economic-partnership-with-the-eu
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
cameroon-successes-and-challenges-of-the-construction-of-the-nationale-n-15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroon-18-carriers-authorized-to-operate-in-nov-2019-march-2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co