The outstanding loans granted by decentralized financial systems (DFS) in Senegal to their customers stood at CFAF 477.271 billion (€ 715.907 million) in the first quarter of 2021, according to data established by the Regulatory Directorate. and the monitoring of SFDs (DRS / SFD).
Compared to the same period of 2020 when it amounted to CFAF 429.089 billion, this outstanding loan has increased by 11.2%. Regarding the outstanding deposits made at the level of DFIs by customers, they increased by 8.89% to 395.364 billion FCFA against 363.081 billion FCFA at the end of March 2020.
Regarding the quality of the MFI portfolio, it deteriorated at the end of March 2021. The rate of bad debts increased by 3.24 percentage points, from 6.29% in March 2020 to 9 , 53% in March 2021. It remains above the maximum standard of 3% (portfolio at risk at 90 days) decreed by the prudential system. As of March 31, 2021, decentralized financial systems had a membership of 3,413,260 compared to 3,474,360 as of March 31, 2020, a slight decline of 1.75%. Indexed to the Senegalese population, the penetration rate of SFDs stood at 21.1%, 0.4 points lower than at the end of March 2020.