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Cemac zone: fall of more than 65% in loans to public administrations and CTD in the 3rd quarter of 2024

26/03/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Au In the 3rd quarter of 2024, loans granted to public administrations and other decentralized territorial authorities (CDT) fell by 65.4% year-on-year.

The report on the lending rates charged by banks in the Cemac zone (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and CAR) mentions that the envelope made available to these entities by credit institutions was only 82.1 billion FCFA, compared to 237.1 billion FCFA at the end of September 2023, representing a decrease of CFAF 237.1 billion at the end of September 2023, representing a decrease Of 155 billion FCFA in absolute value. This report indicates that “between the third quarters of 2023 and 2024, businesses were the main beneficiaries of bank loans granted in the sub-region. In terms of volume, these two types of customers received FCFA 2,064.4 billion, representing 82.84% of the total amount of new loans distributed, against FCFA 1,896.2

billion a year earlier.”
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