Cameroon: CCA Bank ends 12th operating month with 20% increase in deposits

Finance

Cameroon: CCA Bank ends 12th operating month with 20% increase in deposits

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- Thursday, 20 June 2019 14:17

(Business in Cameroon) - Cameroonian microfinance institution Crédit communautaire d’Afrique (CCA), which became CCA Bank in May 2018 recorded a 20% increase in its deposits at end May 2019. This was revealed by Défis Actuels, which quoted an official release published by the new bank.

From more than XAF174.3 billion in May 2918, those deposits rose to XAF209.3 billion at end May 2019. The same development is observed in the credit segment. Those credits rose by 35% during the period under review to reach X107.3 billion.

“Though the number of ATMs and agencies has not changed, it is worth noting that despite its huge performance in financing the economy, CCA-Bank ended its 12^th operation year with an impressive excess of liquidity and a credit-deposit ratio of 51% on May 31, 2019,” the bank indicates.

BRM

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