At the end of 2019, the credit institutions of the West African Economic and Monetary Union (UEMOA) mobilized resources totaling 33,129.6 billion CFA, which thus increased by 11.4%, indicates a new report of the BCEAO, the central bank common to the countries concerned.


Deposits and borrowings, which represent 84.1% of these resources, are experiencing "an annual increase of 10.8% to 27,836.7 billion at the end of 2019", notes the report of the Banking Commission.

It specifies that "they consist of sight deposits (14,964.9 billion; 53.8%) and time deposits (12,871.7 billion; 46.2%), which increased during the period under review, by 11.1% and 10.5% respectively".

As for the net equity of the banking system, which constitutes 11.2% of the overall amount, it "increased by 519.4 billion (+16.2%), going from 3,204.8 billion in 2018 to 3,724, 2 billion a year later".

Other resources (related debts, payments to be made on securities and financial fixed assets, suspense and miscellaneous accounts, provisions for risks and charges), "they were consolidated by 142.3 billion (+ 10.0%), in shift annual, to settle at 1,568.7 billion at the end of 2019".

The cash position of credit institutions in the Union remained in deficit, falling from -2,945.0 billion at 31 December 2018 to -2,773.4 billion at the end of 2019, an improvement of 171.6 billion (+5.8% ).

As of December 31, 2019, the Union's net banking income (GNP) stood at 2,057.3 billion, up 4.3%, on an annual basis.

The result of treasury transactions and transactions with credit and similar institutions, "showed a deficit of 192.4 billion in 2019 against 210.2 billion a year earlier".
ASG/BK