logoBC
Yaoundé - 19 January 2021 -

BannerICBC2021

Finance

CEMAC: Beac injects XAF69.5 bln into the banking system to boost liquidity

CEMAC: Beac injects XAF69.5 bln into the banking system to boost liquidity
  • Comments   -   Thursday, 03 December 2020 17:07

(Business in Cameroon) - On December 1, 2020, the Bank of Central African States (BEAC) offered XAF250 billion of liquidity, in the framework of its liquidity injection operations, into the CEMAC banking system. The operation was aimed at increasing the operating margin of credit institutions operating in the region amid the coronavirus pandemic.

However, according to the official reports, only six credit institutions in the CEMAC zone have shown interest in this tender. The said banks captured XAF69.5 billion, a little over 27% of the overall liquidity offered by the central bank.  

Since the beginning of these weekly liquidity injections, which are part of the BEAC’s monetary policy amid the pandemic, banks have probably never raised up to XAF100 billion. This shows either the solidity of their treasury or a certain reluctance to finance national economies.

BRM 

import-export-unauthorized-modifications-to-electronic-cargo-tracking-notes-are-now-prohibited-in-cameroon
Starting from February 1, 2021, "modifications to Electronic Cargo Tracking Notes (ECTNs)  are prohibited," according to a briefing...
cicam-shuts-garoua-plant-over-xaf1-3-bln-debt
Financially fragilized, for years now, by the fierce competition from fabrics imported from China and West Africa, Cotonnière Industrielle du...
cameroon-launches-the-construction-of-a-xaf9-bln-bridge-to-facilitate-mobility-around-the-lom-pangar-dam
Today January 18, 2021, Cameroon's Minister of Water and Energy Gaston Eloundou Essomba is presiding over the launch of the construction of the Lom...
cameroon-to-recover-salaries-unduly-collected-by-suspended-public-servants
The circular providing instructions for the execution of the 2021 finance law reveals that the Cameroonian government will step up the actions initiated...

Mags frontpage


Business in Cameroon n94: December 2020

The rise of Cameroon’s automotive industry


The «Made in Cameroon» war


Investir au Cameroun n104 Décembre 2020

L’émergence d’une industrie automobile camer


La bataille du « Made in Cameroon »

next
prev