Cemac zone : Bank Credits Have Increased By 12% , Driving Monetary Growth By June.
Dernière mise à jours il y'a 1 semaineCemac's robust bank credit growth continues to stimulate monetary growth, defying declining external resources and global economic uncertainty.
Cemac bank credits rose 12% to Cfa 11 billion by June 2024, fueled by key sectors like : Agro-industry, wholesale trade and telecoms driving 8.1% monetary growth.The latest figures published by the Economic and Statistical Bulletin of the Bank of Central African States (BEAC) reports an increase of 12,4% credits, granted by commercial banks to the economy.Medium-term bank credits experienced a 16,9% growth reaching cfa 4910 billion enabling local businesses to plan more substantial investments.In parallel long-term credits increased by 15,1% to cfa 35486 billion , demomstrating local banks' support for value-added projects and sustainable investments . Thus credit surge boosted monetary growth, furthermore, the banks' support for local businesses also reflects a strategic response to the economic challenges facing the Cemac region.
Christelle koambi
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Floyd Miles
Actually, now that I try out the links on my message, above, none of them take me to the secure site. Only my shortcut on my desktop, which I created years ago.