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Yaoundé - 18 October 2019 -
Finance

Cemac: Ten banks alone provided over 75% of credit on Beac securities market, at end June 2018

Cemac: Ten banks alone provided over 75% of credit on Beac securities market, at end June 2018
  • Comments   -   Thursday, 04 April 2019 14:05

(Business in Cameroon) - The outstanding debt of the six CEMAC member states on the Bank of Central African States (BEAC) securities market as at 30 June 2018 was XAF1,020 billion, according to the Supervisory Board of the Central Bank's securities settlement and custody unit (CRCT).

Of this amount, XAF766.3 billion was made available by only ten credit institutions, which represents more than 75% of the total financing received by the countries during the period under review.

Top fund providers include four banks in Cameroon (including Afriland First Bank, the leader in this market), which granted XAF 352 billion, representing about 30% of the aggregate amount.

Chadian banks provided XAF232.7 billion, compared with XAF115.8 billion for Gabonese banks and XAF65.8 billion for Banco nacional de Guinea ecuatorial.

Brice R. Mbodiam

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