In Q3 2019, outstanding loans in the Decentralized Financial Systems (institutions of
microfinance) in Togo increased by an average of 8%, compared to the end of September 2018. According to the
latest data from the Central Bank of West African States (Bceao).
In the Uemoa, these outstandings have increased by 12.1%, year-on-year, to 1498.9 billion
FCFA. In proportion, Togo recorded a relatively lower increase than its neighbors, for the period
Mali (+17.1%), Burkina Faso (+13.5%), Senegal (+13.3%), Côte d'Ivoire (+13.3%), and the United States (+13.2%).
(+12.9%) and Benin (+8.2%). Niger, for its part, showed the smallest increase (+3.1%), while the
Guinea Bissau saw a sharp decline of 36.7%.
In terms of deposits, Togo recorded the second largest increase for the quarter, at 11.4%, just behind
Mali (+17.9%). Benin (+9.8%), Côte d'Ivoire (+8.8%), Senegal (+7.5%), and Burkina Faso (+7.5%) followed.
(+6,1%). In contrast, deposits fell in Guinea-Bissau (-23.1%) and Niger (-0.9%).
Over this period, the amount of deposits collected stood at CFAF 1,454.1 billion in WAEMU, compared with
1335.5 billion FCFA a year earlier, an increase of 8.9%.