Bank loans to non-residents rose 39% from 2019 to 2020

Banking
Wednesday, 09 June 2021 18:05
Bank loans to non-residents rose 39% from 2019 to 2020

(Togo First) - Between 2019 and 2020, loans given to non-residents by banks in Togo swelled by CFA317 billion, from CFA800 billion to CFA118.3 billion. The increase was disclosed in a BCEAO report, consulted by Togo First.  

Meanwhile, non-residents’ outstanding debt fell by 33% over the same period - from CFA318.6 billion to 213.2 billion. 

Let it be noted that in the Togolese banking system, external assets have almost doubled in one year - from CFA482 billion in 2019 to CFA905 billion on December 31, 2020, thus, up by more than 87%. 

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