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Cemac: Beac injects XAF200bln into bank refinancing

Cemac: Beac injects XAF200bln into bank refinancing
  • Comments   -   Wednesday, 06 March 2019 14:54

(Business in Cameroon) - The bank of central African countries Beac is offering XAF200 billion to refinance banks operating within the region. According to the related press release, the minimum interest rate required for this operation, which is taking place on 6 March 2019, is 3.5%.

For this operation, bidders must in turn deposit “assets eligible as collateral,” in accordance with the decision of 31 October 2013, we leant.

BRM

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