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                 of first-class MFIs outlets are based in rural areas, while those in the second category operate more in urban areas (60%). By region, the Centre, Littoral and West are the most equipped with out- lets. The North-West and South-West regions are moderately covered; they are followed by the Far- North (79), the South (61), the North (56), the Adamawa (49) and the East (48).
At the end of December 2016, the deposits col- lected by the MFIs increased by 4.6% to stand at 611.2 billion. Second category MFIs held the top position; their market share was 58.5%, fol- lowed by those of the first category (41.5%). MFIs in the third category are not allowed to col- lect deposits. The ‘Crédit Communautaire d’Afrique’ (CCA), which became a bank in May 2017, collected 150.6 billion of deposits, follo- wed by the Camccul network, which recorded 139.6 billion. Short-term deposits represented 66.2% of the total, the medium-term deposits 31.4% and the long-term deposits 2.2%.
The loans granted by MFIs increased from 423.8 billion in 2015 to 451.3 billion in 2016, an increase of 6.5%. Short-term loans represen- ted more than half of the outstanding amount, 54.4%. They were followed by long-term loans (38.6%), and medium-term loans (7%). First-class MFIs mainly provide long-term loans (70.4%).
In 2016, the importance of outstanding receiva- bles increased from 91.8 billion in 2015 to 97.2 billion. Outstanding debts represented 21.5% of the MFIs’ credit portfolio.
At the end of 2016, the MFIs recorded 2,863,694 accounts compared to the 2,017,044 in the commercial banks. Second-class
Turnover in the insurance sector amounts 188.4 billion
MFIs were the most profitable with a return on equity of 6.3%. The other two categories experien- ced negative equity returns. Third-class MFIs had the highest credit portfolio return, with a rate of 12.9%. The profitability of the second-class MFIs stemmed in particular from the revenues from the services offered to third-parties (commissions on money transfers, account maintenance fees, various commissions, etc.).
In 2016, 26 companies had a leading position in the insurance market, including 16 in the field of “fire-accidents-risks-others” and 10 in the “LIFE” field. Turnover rose from 186.1 billion in 2015 to 188.4 billion. The “IARDP” field was 71.2% of the market and the “LIFE” field 28.8%.
The amount of losses paid was 75.3 billion, up 5.6% from 2015. General expenses increased by 5.3% to stand at 43.9 billion. Net financial income amounted to 10 billion against 8.6 bil- lion in 2015. Premiums ceded to reinsurers amounted to 42.3 billion.
Development of turnover, financial products and paid losses (in billions)
2014 2015
2016 VAR. (%)
     Net financial prod 5,2
Paid losses 45,8
Life insurance
Turnover 44,3
Net financial prod 3,3
4,4 5,4 22,7
48,2 48,5 0,6 55,5 54,3 -2,2
4,2 4,5 7,1
117,3 130,6 134,1 2,7
     Paid losses 20,9 23,1
26,8 16,0

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