At the end of 2018, the decentralized financial systems (SFD) of the West African Monetary Union (WAMU), which fall under article 44 of the uniform law regulating MFIs, posted a total balance sheet of 1 974.4 billion FCFA (2.961 billion euros), according to data from the Banking Commission based in Abidjan.
According to this Community body, these financial data concern 148 SFDs, ie 93.7% of Article 44 institutions which regulate the control of any SFD whose level of activity reaches a threshold of two billion FCFA of outstanding deposits. or credits at the end of two consecutive years.
The balance sheet total for the year under review is up 6.1% compared to the end of 2017 due to the evolution of assets in Côte d’Ivoire (+ 10.5%), Senegal (+10, 3%), Niger (+ 8.6%), Mali (+ 7.7%), Burkina Faso (+ 6.6%) and Togo (+ 4.5%). On the other hand, the assets of Article 46 MFIs in Benin fell by 16.2%.
Senegal’s DFS has the largest balance sheet total with CFAF 751.8 billion (38.1% of market share). This country is followed by Ivory Coast by far (373.6 billion and 18.9% of market share), Burkina (324.3 billion and 16.4% of market share), Togo 199, 4 billion and 10.1% of market share), Benin (167 billion and a market share of 8.5%), Mali (144.5 billion and 7.3% of market share) and Niger (13.5 billion and 0.7% of market share).
As of December 31, 2018, the number of Section 44 MFIs increased by 12 units to 158 institutions at the level of 70 rifles or unit and 88 affiliated base funds.