Page 308 - Atouts Economiques Cameroun-2019-GB
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Regarding the structure, short-term credits repre- sented 60.3%, medium-term credits 37.9% and long-term credits 1.8%.
At the end of June 2017 and, compared to 30 June 2016, domestic credit grew by 18.6% (495.8 billion), driven by the increase of 273 bil- lion of credits to the economy and 222.8 billion of net debts on the state. PNG moved from a cre- dit position of 56.1 billion at the end of June 2016 to a debit position of 221.2 billion.
At the end of December 2016, the broader stock money (M2) rose by 5.2% to reach 4 163.1 bil- lion. The changes in the stock money’s compo- nents show a rise of 12.8% in paper money, 2.2% in book money and 4.5% in quasi-money. At June 30, 2017 and year-on-year, stock money was up 4.9% to 4,158 billion. It is made up of 20.0% of paper money, 42.9% of book money and 37.1% of quasi-money.
In 2016, the banking and financial sector is characterized by increased deposits and cre- dits, a stabilization of outstanding gross receiva- bles and the improvement of the importance of microfinance. The number of bank account hol- ders rose from 15.5% in 2015 to 19.5%. The number of accounts opened in banks and MFIs was 4,880,730 against 3,805,445 in 2015. The take-off of “mobile money” and e-money has facilitated access to financial services and finan- cial inclusion.
The contribution by the banking and financial sector in funding the economy is the highest in CEMAC, although it remains lower than that of comparable African countries. The ratio of domestic bank credit to GDP is 16.3% in 2016 in Cameroon against 27.2% in Côte-d'Ivoire, 33.5% in Senegal, 43.3% in Kenya, 113% in Morocco and 180% in South Africa.
The consolidated balance of the 14 operating banks amounted to 4,570.1 billion at December 31, 2016 and 4,993.4 billion at the end of June 2017. Five banks (Afriland First Bank, BICEC, SG-C, ECOBANK and SCB) accounted for around 72% of outstanding cre- dits and 75% of deposits.
The degree of intermediation, measured by reporting the outstanding credits on deposits, declined again to 73.9% as of June 30, 2017 from 79% at end-June 2016 and 82% as of June 30, 2015. Structural weakness of equity (258.5 billion for the 14 operating banks) weakened the prudential ratios. At the end of June 2017, the
situation of prudential standards is as follows: 11 out of 14 banks have positive equity; 10 banks respect the liquidity ratio; 8 banks meet the capi- tal coverage ratio; 10 banks meet the risk cove- rage ratio. No bank respects the ratio of the structure of the credit portfolio.
The restructuring process of the Commercial Bank of Cameroon is completed following the conve- ning and holding of the general meeting and the board of directors on May 6, 2016 in Douala, during which the directors and executive direc- tors of the bank were appointed. In July 2017, the Memorandum of Understanding between MINFI and CBC was signed. The protocol will allow the CBC to restore its financial equilibrium so that it meets the requirements of COBAC. We should point out that by signing the protocol, the State equally ended its commitments in the restructuring process of CBC.
The head office of the Société Générale Cameroon, Douala

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