logoBC
Yaoundé - 08 December 2019 -
Finance

Cemac: Total balance sheet of financial institutions reached XAF471 billion in Q3 2018, up 1.6 year-on-year

Cemac: Total balance sheet of financial institutions reached XAF471 billion in Q3 2018, up 1.6 year-on-year
  • Comments   -   Thursday, 24 January 2019 12:49

(Business in Cameroon) - The Cemac central bank Beac reports that during the third quarter of 2018, the total balance sheet of financial institutions operating within the region peaked at XAF471 billion, up XAF7.2 billion (+1.6%) compared to the same period in 2017. Figures cover the 9 banking institutions in the Cemac financial system, 7 of them being in Cameroon and 2 in Gabon.

The uptick, Beac says, is the combined result of a decline in gross loans from XAF29 billion (-8.9%) to XAF288.6 billion, an increase by XAF7.2 billion (+17.7%) in customer deposits particularly unallocated deposits, a deterioration in quality portfolio added to a decrease by XAF3.6 billion (-2.3%) in outstanding receivables.

The increase in the cash surplus was XAF45.4 billion (+40.8%), due to a decrease in loans and an increase in deposits. Beac also notes an increase in the surplus of permanent capital (+2.94%), following a strong increase in the level of equity capital.

S.A

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés