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WAEMU - Deposits mobilized by banks up 8.1% in July 2020

21/10/2020
Source : AllAfrica
Categories: Economy/Forex Rate

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According to the Bceao, the increase in the volume of bank deposits is attributable in particular to individual companies, private companies in the productive sector and public industrial and commercial establishments (EPIC).

The decline noted in deposits from States and similar bodies, cooperatives and village groups and individuals moderated the upward trend, indicates the institution.

Who adds that with regard to the average weekly volume of transactions on the interbank market, all maturities combined, it stood at 278.8 billion, up 17.8% compared to June 2020.

In this context, continues the "Monthly note on the economic situation" of the Bceao, the latter's loans to banks increased by 1.3%, from 5,970.9 billion to 6,050.4 billion in July 2020.

According to him, this situation occurred at a time when banks maintained their requests for liquidity (+0.9%), at the weekly window (+0.2%) and the monthly window (+2.3%). ).

In addition, the Central Bank confides that with regard to public central administrations, their recourse to the regional market to cover part of their expenditure linked to the crisis has increased their commitments vis-à-vis the banks.

In this sense, "in annual variation, the net claims of depository institutions on the central government stood at 2,507.1 billion in July 2020".

In particular, finally hammers the Bceao, financing in the form of public securities increased by 3,408.3 billion, in connection in particular with the subscriptions of banks to Covid-19 vouchers.

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