CEMAC: Net receivables grew by 25.9% in H1 2018, partly due to drawdowns in Cameroon

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CEMAC: Net receivables grew by 25.9% in H1 2018, partly due to drawdowns in Cameroon

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- Friday, 21 September 2018 17:55

(Business in Cameroon) - Over the first six months of 2018, net receivables on the six countries of the Economic Community of Central African States (CEMAC) increased by 25.9% to CFA2950.7 billion, the Central Bank (BEAC) revealed.

This growth, the bank said, is partly due to Cameroon which, at the end of 2017, drew down “the residual margin (CFA276.5 billion) on its statutory advances ceiling”. Other reasons are “the increase in credits from the International Monetary Fund (IMF)” and “the decrease in public deposits” with banks.

BRM

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