27% increase in bank loans to SMEs at the expense of large companies in the 3rd quarter of 2022

BAlthough having received the largest envelope of new credits set up in the CEMAC area at 3^e quarter of 2022, large companies see this envelope drop by 18.2%compared to the same period in 2021.

Between July and September 2022, the volume of loans granted to SMEs by banks in the CEMAC zone (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea), recorded “ a significant increase of 27.69%“, according to figures from the Bank of Central African States (Beac). According to the issuing institute common to the CEMAC States, this volume of credits went from 337.5 billion FCFA ($549 million) to almost 431 billion FCFA year-on-year.

Analysis of Central Bank data shows that the dynamism of SMEs on the credit market during the period was to the detriment of large companies and “other legal persons“. Indeed, although having received the largest envelope of new credits put in place in the CEMAC space at 3^e quarter of 2022, large companies will see this envelope drop by 18.2% between the 3^e quarter of 2021 (1,165.6 billion FCFA) and the same period in 2022 (952.82 billion FCFA),Invest in Cameroon.

« For other legal entities, the volume of loans fell by 65.85% between September 2021 and September 2022, falling to 8.72 billion FCFA during the 3rd quarter of 2021, once morest 27.99 billion a year earlier. Finally, credits to public administrations and decentralized communities fell considerably during the period under review, from 192.53 billion FCFA in September 2021 to 47.11 billion in September 2022, i.e. a drop of 75.53% in a year“, details the Beac.

BRM