logoBC
Yaoundé - 29 March 2024 -
Finance

XAF12 bln of credit granted to SMEs in 2018 by BC-PME

XAF12 bln of credit granted to SMEs in 2018 by BC-PME
  • Comments   -   Friday, 27 September 2019 14:05

(Business in Cameroon) - In 2018, Banque camerounaise des petites et moyennes entreprises (BC-PME) granted XAF12.367 billion of loans to 846 SMEs, the national institute for statistics reveals.

Credit lines constituted 70.6% of those loans while investment loans (29%), import/export loan (0.3%) and housing loans (0.1%) constituted a minor part, according to the institute. This is a notable rise compared with the XAF3.3 billion and XAF6.448 billion granted by BC-PME in 2016 and 2017 respectively.

Let’s note that BC-PME is a state-owned credit institution whose capital is XAF10 billion. Its mission is to provide financial support to SMEs. Created in 2013, it started operations in Yaoundé and Douala, in 2015.  

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »