Bank loans

CEMAC: Cameroon captures 58.16% of total bank loans in H1-2021 (BEAC)

(Business in Cameroon) – Cameroon captured more than 50% of all bank loans granted to companies and individuals in the first half of 2021 in the CEMAC zone. Concretely, “Cameroon captures 58.16% of the total loans granted [Ed.note: in Q2-2020, it was 45.78%] followed by Gabon (18.82%) and Congo (10.80%). Chad, Equatorial Guinea and the Central African Republic complete the list with 7.94%, 3.22% and 1.05% respectively,” the central bank BEAC said in its recent report on the costs and conditions of credit in the CEMAC zone in H1-2021.

The data shows that Cameroonian economic operators captured three times more bank loans than their Gabonese counterparts, ranked second during the period under review. Compared to Congolese operators, it is five times more. It is also 60 times more than the volume captured by operators in the Central African Republic, which was the smallest player in the market during the period under review.

40% of the industrial fabric

During the same period, Cameroon was also the leader of the CEMAC economy. According to FAO data, the country is the breadbasket of CEMAC, representing 52% of agricultural production. In 2017, its agricultural exports accounted for 88% of all agricultural products exported by CEMAC, adds the UN agency.

Cameroon also has more diversified economy while its community neighbors are largely dependent on oil exports (Congo, Gabon, Equatorial Guinea and Chad). Cameroon alone is officially home to around 40% of CEMAC’s industrial fabric.

The country also has the most extensive banking and microfinance network, which provides more credit opportunities. Moreover, according to a 2020 report by the banking regulator COBAC (2020), eight of the ten largest banks in CEMAC are located in Cameroon.

Brice R. Mbodiam