Gabon: The banking sector is doing well in the 1st quarter of 2023

by time news

2023-07-14 08:43:42

DIG/ According to data from the Central African Banking Commission (Cobac), in the first quarter of 2023, the total balance sheet of the banking system increased by 5.7% compared to the previous quarter.

That evolution mainly explained by the consolidation of 2.5% of customer deposits and the strengthening of 3.2% of permanent capital (compared to a decrease of 1.9% in the last quarter of 2022).

Loans distributed remained almost stable (+0.6%), whereas they were up by 2.3% at the end of December 2022.

In parallel, non-performing receivables, which represented 10.3% of total loans, increased by 20.1% following the lifting of the extension of the downgrading period for receivables following the end of the restrictive health measures of the Covid-19 pandemic.

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