Thanks to a substantial increase in revenues from the refinancing of commercial banks, BCEAO saw its net profit jump. However, this success marks a drop in liquidity in the UEMOA banking sector

The BCEAO is faced with complex decisions in managing refinancing requests from commercial banks. This activity has considerably strengthened the growth of its net profit compared to 2022, to reach 315.62 billion CFA francs in 2023, up 152%. Interest income generated by refinancing operations (329.4 billion FCFA) jumped by 112%. They represented the first source of interest income for the BCEAO in 2023, representing 59.4% of the total. To avoid suffocating the banking sector, some experts suggest that the BCEAO should reduce its main intervention rates in the money market, possibly by lowering refinancing rates