The credit activity of banks recorded an increase of 9.29% between July 1 and December 31, 2021 within the Economic and Monetary Community of Central Africa (CEMAC), the Bank of the States of Central Africa (BEAC).
Although the establishment of financial assistance recorded a decline of around 4.95% year-on-year during the period, the BEAC noted, in the Bulletin of statistics on the costs and conditions of credit (BSCCC), ” some improvement with regard to the relaxation of the health measures implemented” in the context of the COVID-19 pandemic.
According to the BEAC, short-term bank loans occupy a preponderant place (73.18%) in these operations followed by short-term loans (17.9%), once morest 8.92% for the long term.
With regard to the beneficiaries, the BEAC document established that the bank loans set up in the sub-region remain mainly allocated to large companies (62.19%) once morest 16.27% for individuals, 15.53% to small and medium-sized enterprises (SMEs), 3.49% to other legal persons and 2.52% to public administrations and decentralized communities.
