Yaoundé - 21 March 2023 -

Cameroon: Outstanding bank loans rose by XAF43.6 bln MoM in Feb 2021 (BEAC)

Cameroon: Outstanding bank loans rose by XAF43.6 bln MoM in Feb 2021 (BEAC)
  • Comments   -   Tuesday, 13 April 2021 14:42

(Business in Cameroon) - From XAF3,912.4 billion in January 2021, the volume of outstanding bank loans in the Cameroonian banking sector rose to XAF3,956.3 billion in February 2021, according to figures compiled by the Bank of Central African States. This performance, which is up by XAF43.6 billion month-on-month, demonstrates the recovery of economic activities in the country after the recession recorded in 2020 due to the coronavirus pandemic.  

Obviously, despite the threat of a second wave of the coronavirus pandemic, economic agents are intent on capitalizing on all the opportunities available to revive the country’s economy. The said opportunities include the credit lines opened by various financial institutions and banks to help companies recover from the health crisis.

For instance, on September 1, 2020, BGFI Cameroon set up a XAF10 billion credit line for local economic operators. Also, in November 2020, Société Générale and the  European Investment Bank (EIB) signed an agreement to set up a XAF10 billion credit line (managed by Société Générale) to provide flexible financial assistance to local SMEs affected by the coronavirus pandemic. At the time, when praising the initiative, Minister of SMEs Achille Bassilekin III indicated that it would boost Cameroonian SMEs amid the global recession caused by the health crisis.

Apart from credit lines, since January 2021, economic agents are increasingly resorting to bank loans. A proof of this fact is the exponential rise in demands during the BEAC’s weekly liquidity injection operations since January 2021.

The demand is so high that it now exceeds the XAF250 billion offered by the BEAC during those operations. According to the central bank, most of the liquidity is captured by commercial banks operating in Cameroon, presented as an economic powerhouse in the CEMAC region.


The President of the Central African Republic, Faustin Archange Touadéra, has pledged to respect the rules governing the financial environment of the...
During their latest meeting last March 17 in Yaoundé, the Cemac Heads of State decided on a gradual revision of the monetary cooperation framework with...
The volume of bank credit received by large companies in the Cemac region dropped by 18.2% year-on-year in the third quarter of 2022, official Beac data...
The Cameroonian Hygiene and Health Company (Hysacam) explained, in a statement published this week, the reasons behind the recent disruptions in its waste...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »