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Cameroon: increase in the main banking indicators

13/12/2021
Source : ORISHAS FINANCE
Categories: Sectors

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The Professional Association of Credit Institutions of Cameroon (APECCAM) presents as of August 30, 2020, a total balance sheet of 7,843 billion FCFA. This result records 14 billion dollars the deposits collected amount to 5,810 billion FCFA. The credits granted are 4,078 billion FCFA (7 billion dollars). These figures are up 20% compared to 2017 with an increase of 71 branches.

In the third quarter, bank overdrafts rose sharply in 2020, reaching 16.6%. As for loans granted by commercial banks to the private sector, they increased by 54%. Banks' liabilities to the non-financial public sector recorded an increase of 1.7% and the outstanding amount of liabilities to general government reached 18% in 2020, its highest level since 2014.

The banking rate increased by 11.2%, from 17.1% at December 2017 to 28.3% at December 30, 2020. A rate that should improve thanks to the improvement in bank financing, the reduction in rate of non-performing loans in the banking sector, the strengthening of the protection of consumers of banking services in a context of digitalization of services, the reduction of procedural delays.

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