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BEAC launches refinancing tender for banks operating within CEMAC

BEAC launches refinancing tender for banks operating within CEMAC
  • Comments   -   Wednesday, 20 November 2019 14:42

(Business in Cameroon) - Till November 20, 2019, banks operating within the CEMAC zone can submit their bids to the bid launched by the central bank BEAC to provide up to XAF40 billion of liquidity to banks operating within the region.

The minimum rate for this financing is 3.5%, which is the prime rate of this issuing institution.

According to the BEAC, collaterals admitted for this offer include “assets eligible as collateral for BEAC’s refinancing operations according to the October 31, 2013 decision.

BRM

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