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Gabon: Three public banks will be liquidated by mid-2022

15/09/2021
Categories: Companies

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In a report, the IMF indicates that the authorities of Gabon must complete the liquidation of three public banks by mid-2022. The three public banks in liquidation are not named. "The authorities are determined to monitor the evolution of bank solvency and liquidity in the financial sector and to support the efforts of the Central African States Banking Commission (COBAC) to strengthen the sector's soundness and regulatory compliance. banking. They will update the delinquent loan reduction strategy in 2021, including further strengthening judicial capacity, and complete the liquidation of the three state-owned banks by mid-2022,” the IMF report said. It should be noted that Gabon launched last May the audit of the receivables of Gabon Poste and Poste Bank for the period 2014-2016.

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