It emerges from the quarterly meeting on the situation of the banking system at the end of June 2019 between the Director
National Bceao for Senegal, Ahmadou Al Aminou Lo and the Directors General of the institutions
of credit of the place, that the Senegalese banking sector is doing well. This is what the final document informs
sanctioning the said meeting held yesterday, Thursday, at the headquarters of the Bceao nationale.
"Bank activity remained on a bullish momentum during the first quarter of 2019.
However, compared to the previous half notice yesterday, Thursday, the national director of the Bceao for Senegal Ahmadou Al Aminou Lo. He was the
update on the situation of the banking system at the end of June 2019. A quarterly meeting attended by
all the managing directors of the credit institutions of the place.
As proof, he explains: "At the end of June 2019, the total balance sheet of the banking system stood at 7,378.7 billion
against 7,249.8 billion in December 2018, a half-year increase of 1.3% year-on-year of 9.1%.
Regarding deposits and borrowings, they are valued at 5,031.4 billion in June 2019 against 4,829.7 billion
in December 2018, up 201.7 billion (+4.2%) and 10.1% year-on-year. They are distributed
between demand deposits (2,852.5 billion; +6.1%) and term deposits (2,178.9 billion; +1.8%)".
As regards equity and similar resources, they remained almost stable with a slight
increase of 0.6 billion (+0.1%), from 701.1 billion in December 2018 to 701.7 billion in June
2019, excluding allocations for the 2018 financial year. As for the conditions of
bank, credit institutions kept their bank base rates unchanged within a
range between 7.0% and 9.0%. The average core borrowing rate remained stable at 8.2% between 2017
and 2018.
The maximum lending rates applicable to customers are set at 15.0% for five (5) banks in December
2018 against three (3) in December 2017. Other creditors are between 1% and 8.9%. In terms of
profitability, credit institutions achieved, for the 2018 financial year, a net profit of
94.3 billion, down 5.1 billion (-5.1%) compared to the previous year. With regard to profitability
Equity or Retum on Equity (Roe), determined through the ratio of net income to
total funds, it stands at 13.8% in 2018. Under the prudential framework, the own funds of
Credit institutions were strengthened in the light of the new Basel (Basel II and III) to 576.4
billions in December 2018.
OUTSTANDING LOANS: 690 billion in unpaid loans
During this meeting, there was also discussion of outstanding claims consisting of receivables
restructured and bad or contentious debts whose amount is still very high. 'The amount
Total unpaid loans are estimated at 690 billion CFA francs, or about 13.6% of all
credits. And this challenges what is called the resolution of banking disputes, "said the director
National of the Bceao in front of the press. But, he continues: "This high amount forces banks to continue
to finance the economy'. However, he will say"If the stock of 690 billion were to be absorbed, partially these
loans would enable credit institutions to strengthen their own funds. Because for the most part,
these appropriations have been provisioned in their books. So, declared as charges in their books»
COMPLIANCE OF THE BANKING AND FINANCIAL SECTOR IN DATA PROCESSING
A PERSONAL CHARACTER: Ahmadou Al Aminou Lo calls for more synergy of action Welcoming the work of the Commission for the Protection of Personal Data (Cdp), the National Director
of bceao Ahmadou Al Aminou Lo, reiterated his call for more synergy of action in order to face
to the challenge of cybercrime that can undermine the fundamentals of a state. "The issue of cyber security is
more than worrying. All countries are experiencing this challenge. So we take this issue seriously."
Hence the relevance of a Frank collaboration. "The collaboration between the Commission for the Protection of
personal data (Cdp) and the Central Bank of West African States (BCEAO) should lead to
the development of compliance packs to ease reporting formalities before the Br< Authority /> control," he announced to finish.