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# TABLE OF CONTENTS
TABLE OF CONTENTS ... i FOREWORD ... ii ABBREVIATIONS AND ACRONYMS ... iii TABLES AND CHARTS ... iv EXECUTIVE SUMMARY ... 1 1- INTERNATIONAL ECONOMIC, MONETARY AND FINANCIAL ENVIRONMENT ... 2 1.1- Brief overview ... 2 1.2- International Environments by region ... 3 1.3- Economic environment of CEMAC ... 4 2- BANKING SECTOR AND CAPITAL MARKETS ... 5 2.1- Banking sector ... 5 2.1.1- Customer deposits ... 5 2.1.2- Loans to Customers ... 7 2.1.3- Loans to SMEs ... 8 2.1.4- Banking market analysis ... 9 2.1.5- Analysis of prudential ratios ... 10 2.2- Capital market ... 11 2.2.1- Money Market ... 11 2.2.1.1- Evolution of the money supply ... 11 2.2.1.2- Evolution of money supply counterparts ... 12 2.2.1.3- Money market rates ... 13 2.2.2- The Open Subscription Securities Market of BEAC ... 13 2.2.3- The Central African Stock Exchange ... 14 3- FOREIGN EXCHANGE RESERVES AND ASSETS ... 17 3.1- Foreign exchange reserves ... 17 3.1.1- Level of foreign exchange reserves in the CEMAC zone ... 17 3.1.2- Cameroon's foreign exchange reserves ... 20 3.2- Foreign Assets ... 21 3.2.1- External position of banks ... 21 3.2.1.1- Overall Analysis ... 21 3.2.1.2- Comparison with the second half of 2022 ... 21 3.2.1.3- Year-over-year comparison ... 22 3.2.1.4- Analysis by bank ... 23 3.2.1.5- Currency Analysis ... 24 3.2.2- Cameroon's foreign assets ... 25 3.2.3- Repatriations, retrocessions and transfers 2020-2022 ... 26 3.2.3.1- Repatriations ... 26 3.2.3.2- Retrocessions ... 27 3.2.3.3- Joint dynamics of repatriations and outgoing transfers ... 28 REFERENCES ... 29 EDITORIAL BOARD ... 30
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# FOREWORD
The Financial and Monetary Information Note is a document produced by the Department of Financial and Monetary Cooperation (DCFM), of the Directorate General of the Treasury, Monetary and Financial Cooperation (DGTCFM).
The Department of Financial and Monetary Cooperation receives information from various sources, such as banks, financial institutions, exchange bureaus, financial markets, regional institutions for regulation and supervision of the financial sector as well as international financial institutions, which it has to use and process.
For analysis and summary purposes, it was more than necessary to bring together said information in a single document. This Note provides an overview of the financial system in Cameroon and aims at encouraging the development of financial literacy among readers.
This document is intended to be a broad spectrum hitch, as it is also intended for third parties seeking information (data and aggregates) on the banking and financial sector. These include professionals in the sector, student researchers, as well as all those interested in practical questions on the financial system.
This edition is in keeping with the spirit of the first and of a long series scheduled to be produced semi-annually. The content is intended to be simple and digestible for better understanding by readers.
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# ABBREVIATIONS AND ACRONYMS
NFA: Net Foreign Assets
BEAC: Bank of Central African states
ECB: European Central Bank
BVMAC: Central African Stock Exchange
BOE: Bank of England
WB: World Bank