Ivory Coast: FCFA 7,056 billion lent to households and businesses

Guy Koizan, President of the Professional Association of Banks and Financial Institutions of Côte d'Ivoire.

The banking sector of Côte d’Ivoire finances the economy well. According to Guy Koizan, president of the Professional Association of Banks and Financial Institutions of Côte d’Ivoire (Apbef-ci), the sector has achieved a continuous growth of credit to the economy at 7056 billion Fcfa, or an average annual increase of 18%, in 2018. These loans went to households, to businesses, ie to economic agents in general.

Regarding banking, according to figures provided by the President of the Apbef-ci, during the traditional ceremony of « official return 2019 » of the association, the sector recorded a rate of banking of 19.07%, or an annual increase of 2%.

As for the number of bank staff at the same time, it was 8,699 while the sector had 27 banks, 2 financial institutions and 622 bank branches.

Hélène G.

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