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Yaoundé - 22 February 2020 -
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.  

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