2023-08-11 13:31:58
An effort of 300 billion CFA francs (regarding 457 million euros). The shareholders of the African States Development Bank central (BDEAC) decided on July 27 to increase the share capital to 1,500 billion CFA francs (2.28 billion euros).
A decision made necessary by the statutory ratio, which is approaching the alert threshold. Indeed, the institution’s debt ratio cannot exceed 70% of its capital subject to call, this portion subscribed but not paid up, which constitutes a guarantee with the lenders. From 44% in 2020, this rate rose to 62% during this year, and might approach 66% in fin of exercise.
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