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Ivory Coast: the Regional Mortgage Refinancing Bank achieved a net result of 1.3 billion FCFA in 2020

02/06/2021
Source : ORISHAS FINANCE
Categories: General Information

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The Regional Mortgage Refinancing Bank (CRRH-UEMOA) has approved the accounts of CRRH-UEMOA for the 2020 financial year with a net result of 1.308 billion FCFA. This result is up +5.2% compared to the result of 1.243 billion FCFA in 2019. These figures were delivered at the end of its 10th Ordinary General Assembly held by videoconference on 30 April last

.

Under the 2021 CRRH-UEMOA business program, the Ordinary General Meeting authorized the issuance of bonds, up to eighty billion (80,000,000,000) FCFA, to refinance housing loans granted by shareholder banks.

The CRRH-UEMOA, a regional initiative to improve housing finance in UEMOA countries, aims to mobilize long-term resources at competitive rates, for the benefit of its shareholder banks and SFDs, for the refinancing of housing loans granted to their customers.

As of 31 December 2020, CRRH-UEMOA granted, over almost nine years of operational activities, refinancing worth a total of 222.5 billion CFA francs to promote housing finance to 37 shareholder banks covering the 08 countries of UEMOA.

The Regional Mortgage Refinancing Bank (CRRH-UEMOA) has approved the accounts of CRRH-UEMOA for the 2020 financial year with a net result of 1.308 billion FCFA. This result is up +5.2% compared to the result of 1.243 billion FCFA in 2019. These figures were delivered at the end of its 10th Ordinary General Assembly held by videoconference on 30 April last

.

Under the 2021 CRRH-UEMOA business program, the Ordinary General Meeting authorized the issuance of bonds, up to eighty billion (80,000,000,000) FCFA, to refinance housing loans granted by shareholder banks.

The CRRH-UEMOA, a regional initiative to improve housing finance in UEMOA countries, aims to mobilize long-term resources at competitive rates, for the benefit of its shareholder banks and SFDs, for the refinancing of housing loans granted to their customers.

As of 31 December 2020, CRRH-UEMOA granted, over almost nine years of operational activities, refinancing worth a total of 222.5 billion CFA francs to promote housing finance to 37 shareholder banks covering the 08 countries of UEMOA.

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