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Credit to the Gabonese State drop by 22% in 2020

As of December 31, 2020, gross loans distributed by all banking establishments established in the national territory fell by 1.5% to CFAF 1,598.1 billion against CFAF 1,621.8 billion in 2019, mainly impacted by the decrease credits granted to the State.

Over the whole of 2020, loans granted by banks fell by 1.5% to CFAF 1,598.1 billion against CFAF 1,621.8 billion in 2019. This decrease is mainly linked to the decrease in loans granted to the State. In fact, they fell by 22.1% to 344.2 billion FCFA, representing 21.5% of all gross loans distributed.

Likewise, according to figures from the latest sectoral conjuncture note, from the General Directorate of the Economy and Fiscal Policy, loans granted to public enterprises represented 0.9% of total gross loans. They fell by 11.7% to 14.4 billion FCFA at the end of December 2020 against 16.3 billion a year earlier.

However, year-on-year, loans granted to the private sector increased by 2.9% to CFAF 1,132.6 billion in December 2020. They represented 70.9% of total loans against 67.9% in December 2020. This availability of resources would have made it possible to support private sector actors during the last health crisis.

We also note an increase in leasing operations, the outstanding amount of which amounted to FCFA 19.5 billion in December 2020 against 16.5 billion a year earlier.

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