CEMAC: BEAC raises CFA265bn to refinance banks

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CEMAC: BEAC raises CFA265bn to refinance banks

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- Wednesday, 05 September 2018 18:07

(Business in Cameroon) - The Bank of Central African States (BEAC) launched a CFA265-billion tender to refinance the banking sector within CEMAC area. The bid’s subscription deadline is next September 5.

The interest rate applied (2.95%) under this operation corresponds to the current official rate applied in the central bank.

Let’s note that since the strategy was launched in June this year, BEAC already mobilized over CFA2,000 billion.

BRM

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