The managing director of Nsia Bank, Léonce Yacé, affirms that the envelope devoted by his bank to real estate developers amounted to 223 billion CFA francs for 22 real estate developers. In this lot, four promoters were downgraded for bad debts valued at 23 billion CFA francs. It was during a seminar on the theme “Housing issues in Côte d’Ivoire: role of the CDC-CI”, organized on June 10, 2021 by the Caisse des Dépôts et Consignations de Côte d’Ivoire (Cdc- THIS).
Despite the 20,000 housing units built by the government, the housing deficit in stock stood at 600,000 two years ago, with a rate increasing by 10% each year, or between 50,000 and 60,000 housing units. But at Nsia Bank, indicates Léonce Yacé, 568 financings were granted to the buyers for an outstanding amount of 27 billion CFA francs. Adding that real estate loans have increased from 5 billion CFA francs in 2017 to 8 billion CFA francs in 2020. “On the financing side of buyers, we have an outstanding amount that corresponds to 27 billion CFA francs. Why there has not been a perfect match between what we finance on the promoters ‘side and what we grant to the buyers, quite simply because the goods that we finance on the promoters’ side are not intended to be marketed exclusively to our customers, ”he explains.
For the Director General of the Cdc-CI, Lassina Fofana, the general objectives of this seminar were, on the one hand, to present the state of play of housing in Côte d’Ivoire, to better absorb it and to on the other hand, to understand the role that his institution could play in the housing ecosystem in Côte d’Ivoire.
For his part, the director general of housing and living environment at the Ministry of Construction, Housing and Urbanism, Célestin Koala, indicated that the housing policy cannot advance without guarantee support funds, without well-structured financing. This is why, he said, the government made secure land available to the housing program which cost 13 billion CFA francs. Just like roads and various networks (Vrd) and tax exemptions estimated respectively at 100 billion Fcfa and 356 billion Fcfa. “The actions of the government are not only to be welcomed but to be encouraged, because little by little we are taking up this challenge. In recent years, we have handed over between 5,000 and 6,000 keys. Slowly, we are picking up the slope, ”says Célestin Koala.