BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

Mortgage: a majority of borrowers (still) land rates below 1.5%

Despite a slight increase in mortgage rates in April, households are still benefiting from particularly favorable financing conditions in view of the data from the monthly study by the Crédit Logement / CSA observatory.

Even if they started to rise again ... they are still very attractive. Average mortgage rates rose slightly in April, a period also marked by a market collapse in the face of the coronavirus crisis. According to the monthly study by the Crédit Logement / CSA observatory, last month, the mortgage loan rates granted averaged 1.17%. A value slightly higher than the rate recorded for March - 1.15% -, but still close to the historic low reached last year. The remaining record to be beaten 1.12%, reached in November 2019.

Despite a slight increase in mortgage rates in April, households are still benefiting from particularly favorable financing conditions in view of the data from the monthly study by the Crédit Logement / CSA observatory.

"Instead of the rapid and brutal recovery that some have so often announced, the average rate has in fact only climbed 1 to 2 basis points each month since December 2019," said the observatory. Since December 2019, average rates have increased by 5 basis points on the old market with 1.19% in April 2020 and 6 basis points on the new market with 1.19% in April 2020 .

Borrowers still well off over 15, 20 and 25 years

In detail, the 15-year credit rates today average 0.96% and half of the households opting for this term still benefit from loans at a rate below 1%. Even the least affluent households, those belonging to the fourth quartile, and going into debt over 15 years obtain an average credit of 1.22%. Over 20 years, the most common duration, the general average is fixed at 1.13%. A quarter of these borrowers can boast of obtaining rates of less than 1%. More generally, almost all individuals who have taken out a loan over 20 years pay less than 1.5%.




Finally over 25 years, all loans granted are at a rate above 1%, the average being 1.38%. Half of the borrowers get a rate of less than 1.5%, however.