ease. Lomé, May 19, 2026 – Gathered at an Ordinary General Meeting (AGM) and Extraordinary General Meeting (EGM) in Lomé, the shareholders of the Regional Mortgage Refinancing Fund of the West African Economic and Monetary Union (CRRH-UEMOA) approved the accounts for the year 2025, marked by historic performances. They also adopted major strategic resolutions, confirming the institution’s role as an architect of innovative financial solutions for housing in the Union.
A governance strengthened by historic financial results
The Ordinary General Meeting, chaired by Mr. Thierry TANOH, Chairman of the Board of Directors, unreservedly approved the financial statements for the year ended December 31, 2025.
The institution demonstrates remarkable financial strength, with a balance sheet total of 333.9 billion CFA francs, up 16% from 2024. Net income stands at 2.4 billion CFA francs, a 19% increase, driven by a Net Banking Income up 22% from 2024.
The quality of management and the robustness of the economic model were praised by the Bloomfield Investment agency, which upgraded the rating of the CRRH-UEMOA to “AAA” with a stable outlook, the highest rating on its scale.
The year 2025 was marked by a record level of refinancing granted to partner banks, reaching 60.4 billion CFA francs. This performance enabled the financing of over 5,000 housing units and positively impacted nearly 30,000 beneficiaries in six UEMOA countries.
The AGM also approved the discharge of the Directors, discharged the Statutory Auditors, and approved the allocation of the result, thus consolidating the institution’s equity, which now stands at nearly 30 billion CFA francs.
Strategic decisions for scaling up
The Extraordinary General Meeting endorsed structuring decisions for the future of the institution. Shareholders approved the revision of the authorization to increase the social capital, an essential measure to support the accelerated growth trajectory of the CRRH-UEMOA and integrate new shareholder banks.
In 2025, six new banks joined the shareholding, bringing the social capital to 14.4 billion CFA francs.
Furthermore, the EGM approved the project to change the institution’s corporate name. This evolution aims to better reflect the new strategic positioning of the CRRH-UEMOA, which now goes beyond simple refinancing to encompass a wider range of innovative financial solutions.
2025: the year of financial innovation and social impact
Beyond the quantitative performances, 2025 established the CRRH-UEMOA as a pioneer of sustainable finance in the region.
The institution successfully carried out the first issuance of social bonds in the UEMOA dedicated to affordable housing, raising 60 billion CFA francs. This program, certified “SQS1 – Excellent” by Moody’s, received a dual listing on the BRVM and the Luxembourg Stock Exchange (LuxSE).
The year also saw the launch of the first securitization operation in the Union of mortgage receivables (also known as “RMBS”), through the ZAKA program developed in partnership with BOAD Securitization.
Statement – Mrs. Yedau OGOUNDELE, Managing Director of the CRRH-UEMOA
“2025 was undoubtedly the year of transformation. We are no longer just a provider of resources; we have become an architect of innovative financial solutions for the housing market. The decisions taken today by our shareholders give us the means to accelerate this momentum in support of financial inclusion and sustainable development in our region.”
Ambitious prospects for 2026
The CRRH-UEMOA approaches 2026 with renewed ambitions. The institution plans to launch a second issuance of social bonds with a projected amount of 40 billion CFA francs.
It will also deploy a new structuring project in partnership with the World Bank and BOAD, aiming to offer blended finance for increased housing accessibility.
The CRRH-UEMOA will continue to broaden its shareholder base, strengthening its cooperation with banks in the region and consolidating its financial base.
Furthermore, the institution will continue to support securitization operations, assisting banks. This action contributes to the development and transformation of the West African mortgage market, confirming the position of the CRRH-UEMOA as a central player in the housing ecosystem.
About the CRRH-UEMOA
Established in 2010 by the Central Bank of West African States (BCEAO), the West African Development Bank (BOAD), and the Financial Markets Authority of the UEMOA (AMF-UEMOA), the CRRH-UEMOA is a leading regional financial institution dedicated to housing finance in the UEMOA.
Since its inception, it has mobilized over 475 billion CFA francs, impacting more than 120,000 beneficiaries. The institution plays a key role in the development of the mortgage market and the financing of real estate projects in the region.
