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The Togolese banking sector refinanced to 252 billion FCFA during the 22nd injection of the BCEAO

26/08/2020
Source : news.alome.com
Categories: Economy/Forex

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The Central Bank of West African States (BCEAO) proceeded on August 24 to an injection of 3.432 billion FCFA intended to meet the liquidity needs of commercial banks operating on the markets of the Economic and Monetary Union West African (UEMOA).

For this 22nd injection of liquidity, 89 banks took part in the call for tenders, thereby contracting loans with a maturity of 7 days at a fixed interest rate of 2%, although the operation was an auction.

Thus, the Togolese banking sector was refinanced to the tune of 252 billion FCFA, against 1053 billion FCFA for Côte d'Ivoire, 656 billion FCFA for Senegal and 482 billion for Mali which are the most refinanced.

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