U a report from the UMOA Banking Commission reports an increase in gross overdue receivables, at an annual rate, of 106.3 billion (+3.5%) by 106.3 billion (+3.5%) to be located & agrave; 3,155.5 billion at the end of December 2023

The evolution of gross overdue receivables is driven by restructured loans and doubtful and litigious loans, with increases of 100.9 billion (+34.2%) and 68.5 billion (+14.3%) respectively, according to the report. Indeed, the source mentions that “based on provisions made up to 1 853.9 billion, the banking system's net outstanding claims stood at 1 301.7 billion at the end of 2023, i.e. an annual increase of 229.9 billion (+ 21.4%)”. Also, the gross degradation rate of the UMOA portfolio improved, by 0.3 percentage point, to 8.5% at the end of December 2023, against 8.8% in 2022. This favourable trend is the result of a greater increase in credit to customers, compared to debts in gross arrears.