Microfinance: WAMU SFDs have a balance sheet total of 2,561 billion FCFA in 2020

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At the end of 2020, the Decentralized Financial Systems (DFS) of the West African Monetary Union (UMOA) falling under article 44 of the law regulating DFS (level of activity reaching a threshold of 2 billion FCFA of outstanding deposits and loans) posted a balance sheet total of 2,561.044 billion FCFA (3.841 billion euros), according to data from the Banking Commission based in Abidjan.
The financial and statistical data analyzed by this Commission concern 182 SFDs, or 96.8% of large institutions.

Compared to 2019 when it stood at 2,347.851 billion FCFA, the balance sheet total of these SFDs increased by 9.1%. According to the Banking Commission, this increase is linked to the evolution of assets in Côte d’Ivoire (+16.4%), Burkina (+14.3%), Niger (+12.5%), Mali (+9.1%), Benin (+6.3%), Togo (+5.7%) and Senegal (+4.5%).

Concerning DFS uses, they increased, in annual variation, by 5.6%, to reach 1,773.1 billion FCFA at the end of 2020. Loans to customers represent 81.7%, as in 2019. financial fixed assets totaled 2.2% of jobs during the period under review against 2.5% a year earlier. As for other uses (investment securities, other fixed assets and various uses), their share stood at 16.1% against 15.9% in 2019.

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