UMOA securities market: Where are Togo’s biggest lenders based?

Finance
Monday, 21 February 2022 18:14
UMOA securities market: Where are Togo’s biggest lenders based?

(Togo First) - Togo's debt on the sub-regional financial market (Umoa) is mainly held by investors based in Togo, according to data from the Umoa Securities Agency in its latest quarterly report.

Indeed, at the end of December 2021, more than 30% of the country's public securities portfolio, or CFA424 billion, was held by local investors, the vast majority of them from the banking sector.

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After Togolese investors, Ivorian investors were the country’s biggest lenders with more than CFA248 billion or 17.55% of the claims. The two are immediately followed by Burkina Faso (CFA240 billion or 16.95%), Benin (CFAF 210 billion), Senegal (CFA183 billion, or 12.94%). A little behind is Mali with CFA83 billion (5.85%), Niger with CFA17 billion (1.2%), and Guinea Bissau (CFA9 billion, 0.67%).

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Most holders of the Togolese debt are commercial banks (90% in 2021 according to the UMOA-securities agency). According to the latest available data (2019), the largest banks investing in Togolese securities are Coris Bank, BOA, Orabank, Ecobank, and UTB.

Ayi Renaud Dossavi

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