{"id":461760,"date":"2018-08-06T14:27:18","date_gmt":"2018-08-06T13:27:18","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461760"},"modified":"2018-08-06T14:27:18","modified_gmt":"2018-08-06T13:27:18","slug":"senegal-banks-provided-7-5-million-in-private-sector-loans-in-2017","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/08\/06\/senegal-banks-provided-7-5-million-in-private-sector-loans-in-2017\/","title":{"rendered":"Senegal: Banks Provided $ 7.5 Million in Private Sector Loans in 2017"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Senegalese banks have had a generous hand for the Senegalese private sector. In fact, these institutions granted the sector an amount of CFAF 4 209.1 billion ($ 7.5 million) in 2017 in terms of credit, compared to CFAF 3,243.9 billion ($ 5.8 million). in 2016, an increase in relative value of 16.5%.<\/p>\n<p>According to the data provided by the Joint Annual Review (RAC) of the Ministry of Economy, Finance and Planning to the press on Tuesday, July 31, these loans accounted for 33.7% of GDP against 28.4% in 2016.<\/p>\n<p>Credits mainly for commerce, hospitality, manufacturing and community services.<br \/>\n&#8220;Average lending rates (interest rate expressed as a fixed or variable percentage applied to borrowed capital or the amount of credit used on an annual basis) increased to 6.0% in 2017 from 5.7%. % in 2016. However, these rates remain the lowest in the West African Monetary Union (WAEMU), which recorded a rate of 7.0% in 2017, &#8220;notes the document from the RAC.<\/p>\n<p>As of December 31, 2017, Senegal&#8217;s banking landscape consisted of 29 credit institutions (25 banks and 4 bank financial institutions) compared to 27 credit institutions in 2016.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Senegalese banks have had a generous hand for the Senegalese private sector. In fact, these institutions granted the sector an amount of CFAF 4 209.1 billion ($ 7.5 million) in 2017 in terms of credit, compared to CFAF 3,243.9 billion ($ 5.8 million). in 2016, an increase in relative value of 16.5%. According to the<\/p>\n","protected":false},"author":527297,"featured_media":461764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12008],"tags":[12147],"class_list":{"0":"post-461760","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-stock-exchanges","9":"tag-senegal-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Senegal: Banks Provided $ 7.5 Million in Private Sector Loans in 2017 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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