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Banking activities: CRRH-UEMOA records a slight increase in its net banking income in the first half of 2023

27/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Au terme du premier semestre 2023, le produit net bancaire (PNB) de la Caisse régionale de refinancement hypothécaire de l' Union économique et monétaire ouest africaine (CRRH-UEMOA) saw a slight increase of 1% compared to the same p& eacute; fiscal year 2022. This is what the managers of this banking institution based in Lomé, Togo, are informing

.

The CRRH-UEMOA is a banking financial institution that was created on 16 July 2010 and whose corporate purpose is, in particular, the refinancing of housing loans granted by shareholder and non-shareholder banks as well as decentralized financial systems to their customers. The semi-annual activity report as of 30 June 2023 indicated that a GNP of 1.431 billion FCFA (2.289 million dollars) compared to 1.419 billion FCFA (2.270 million dollars) as of June 30, 2022. According to the leaders of CRRH-UEMOA, this increase is due to “the combined effect of the increase in investment income, the decrease in income related to refinancing, which is mainly explained by the expiry of refinancing operations (2, 3 and 4), and the increase in interest expenses on refinancing operations (interest on bonds, interest on loans on preferential resources, interest on sub& sub& loans). eacute;”.

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