logoBC
Yaoundé - 21 January 2020 -
Finance

Cameroon : Bank deposits rose by 13.6% YoY to XAF4,678.7 bln in H1, 2019

Cameroon : Bank deposits rose by 13.6% YoY to XAF4,678.7 bln in H1, 2019
  • Comments   -   Monday, 16 December 2019 12:49

(Business in Cameroon) - In Cameroon, spurred by private companies, individuals and insurance companies, bank deposits increased by 13.6% year over year by end June 2019 to XAF4,678.7 billion, the ministry of finance reveals.

Most of these deposits were made by individuals. Their share during the period under review increased by 2 points to 41.6%. Deposits made by private companies rose from 20.3% to 24.2% while those from the core public administration and public companies dropped from 12.2 to 9.1% and 6.2 to 5.2% respectively. Overnight deposits were the highest during the period under review, representing 79.4% of the deposits while savings certificates and term deposits constitute 20.6% of the volume.

The ministry of finance reminds that at December 31, 2018, the deposits were XAF4,442.3 billion, an increase by 10.7% compared to the volume of deposits in 2017. According to the ministry, the rise was spurred by private companies and individuals as well as the entrance of CCA Bank into the banking sector.

SA

cameroon-mtn-s-clients-can-now-access-the-internet-after-the-3-day-disruption
MTN Cameroon's customers can once again access the Internet, after the serious disruptions on the operator's network between 16 and 18 January 2020. In...
neo-congo-mall-partner-effectively-launches-construction-works
On the site hosting the Congo market, in Douala, foundations are gradually emerging from the ground. Thanks to a XAF28 billion public-private partnership...
huawei-ict-competition-launched-in-cameroon-for-the-first-time
About 150 Cameroonian students from higher education and vocational training institutes partnered with the Huawei ICT Academy (National Post,...
cameroon-government-steps-in-to-ease-conflict-in-telecom-regulator-art-s-management
On January 8, Minette Libom Li Likeng (photo), the Minister of Posts and Telecommunications referred to Hessana Mahamat, the chairman of the board of...

Mags frontpage


Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC


Cameroon becomes CEMAC’s financial center


Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC


Le Cameroun devient la place financière de la CEMAC