In its activity report released recently, the Bank of Central African States (BEAC) shines a light on financial deposits in financial institutions in the CEMAC zone. The Central Bank maintains that as of December 31, 2019, the CEMAC financial system had nine financial institutions. They are divided between Cameroon (seven) and Gabon (two).
The central bank therefore carries out an analysis which is limited to the only establishments (seven in total) which have made periodic regulatory declarations. “The aggregate total of CEMAC’s financial institutions’ balance sheets stood at 457 billion as of December 31, 2019. It fell by 1.8% compared to December 31, 2018.
This regression is only observed in Gabon ”, underlines the BEAC. “The deposits collected amounted to 55 billion (12% of the balance sheet total). They increased by 4.2 billion (+ 8.4%) in one year. This progression is only observed in Cameroon (4.9 billion, or + 10.3%). In Gabon, deposits fell by 653 million (or – 21%. “
Another fact that attracts attention. “Private sector deposits represented 67.8% of total deposits compared to 62.1% twelve months earlier. Standing at 37 billion, they are up 18.3% compared to their level in December 2018. They consist mainly of customer deposits, set up as a guarantee for a line of financing. Cameroonian institutions represented 97% of the total of these deposits. “
