The 37th meeting of the National Credit Council (CNC) of Senegal took place on Thursday, October 6, 2022 at the BCEAO Main Agency in Dakar under the chairmanship of Moussa Touré ;, Director of Money and Credit, member of the Monetary Policy Committee (CPM) of the BCEAO, representing the Minister of Finance and Budget, Statutory Chairman of the CNC. On the occasion, he informed that the situation of credit institutions at the end of June 2022 was marked by the positive orientation of the main aggregates.

The CNC notes that the year-on-year growth in loans (+746 billion; +14.2%) and deposits and loans (+1.244 billion; +18.5%) were in a positive direction in the main aggregates. In a document, he noted the continued decline in the gross and net rates of overdue bank claims, set at 11.2 per cent and 4.0 per cent, respectively.

The board “noted the strengthening of the profitability of the operations of credit institutions at the end of the 2021 financial year, with a net profit of 128.7 billion.” For its part, the Council “informed of the generally satisfactory level of prudential ratios, with an average solvency ratio of 12.94% at the end of June 2022, for a minimum standard of 11.25%”.