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- The outstanding receivables from customers, which are constantly increasing, stand at 12,095 billion FCFA in 2023 compared to 11,036.90 billion FCFA at the end of December 2022.
- Customer loans are primarily dominated by short-term loans, followed by medium-term loans and long-term loans. However, the shares of long-term loans, leasing, and factoring tend to increase over time.
Evolution of the credit portfolio structure
| Indicators | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Healthy loans (a) | 6,868.9 | 7,561.2 | 8,447.5 | 9,409.0 | 10,759.40 | 11,757.630 | |
| Short term | 3,562.7 | 3,713.5 | 4,437.5 | 4,967.9 | 5,182.20 | 5,411.336 | |
| Medium term | 2,959.1 | 3,385.2 | 3,520.2 | 3,826.4 | 4,877.70 | 5,637.921 | |
| Long term | 202.1 | 284.6 | 305.7 | 389.4 | 429.1 | 443.337 | |
| Leasing | 132.1 | 170.8 | 176.4 | 209.8 | 241.7 | 260.131 | |
| Factoring | 12.9 | 7.2 | 7.8 | 15.5 | 28.6 | 4.9 | |
| Net non-performing loans (b) | 245.8 | 218.8 | 254.8 | 303.9 | 277.5 | 337.37 | |
| Total customer loans (c = a+b) | 7,114.7 | 7,779.9 | 8,702.3 | 9,712.9 | 11,036.90 | 12,095.008 | |
Source: BCEAO
- The banking system is solid with good credit portfolio quality, and most banks comply with solvency standards.
The management of credit risk is relatively satisfactory. The gross non-performing loan rate is decreasing as of the end of December 2023, standing at 6.9%, compared to 7.7% a year earlier. The net non-performing loan rate shows a good profile, decreasing from 3.4% in 2018 to 2.4% in 2023.
Evolution of the quality of the credit portfolio (in %)
| Indicators | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Gross non-performing loan rate | 9.26 | 8.60 | 8.81 | 8.84 | 7.80 | 7.32 |
| Net non-performing loan rate | 3.45 | 2.81 | 2.93 | 3.13 | 2.50 | 2.8 |
| Provisioning rate | 64.95 | 69.26 | 68.77 | 66.71 | 69.50 | 63.7 |
Source: BCEAO
- In significant improvement in recent years, the financial strength of banks ensures the stability of the banking sector. In particular, the total solvency ratio stood at 13.8% at the end of 2023 (above the community standard of 11.5%) related notably to the increase in the level of equity to 10 billion FCFA in 2015. The regulatory level of equity has been raised to 20 billion since January 1, 2024.
- The solvency ratio standard is not met by only (02) banks which hold only 1.14% of the total balance sheet of the sector, 1.22% of the outstanding loans, and 1.74% of the collected deposits.
Source: BCEAO
Evolution of financial stability indicators of the banking sector (in %)
| Capital standards | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CET 1 capital ratio | 8.6 | 9.7 | 11.1 | 12.1 | 12.5 | 13.0 |
| T1 capital ratio | 8.9 | 9.7 | 10.9 | 12.1 | 12.5 | 12.8 |
| Total solvency ratio | 9.6 | 10.5 | 11.6 | 12.6 | 13.0 | 13.6 |
| General provisions/risk-weighted assets | 5.7 | 6.1 | 6.2 | 5.7 | 5.2 | 5.9 |
| Equity/Total assets | 6.3 | 6.2 | 6.5 | 7.2 | 7.3 | 7.3 |
Source: Banking Commission of UMOA
In 2023, more than 90% of banks comply with the three (03) main solidity indicators, namely, minimum capital measures, limitation of fixed assets and participations, and risk coverage. The 04 Systemically Important Banks (SIBs) meet these solvency standards.
Proportion of banks meeting solvency standards
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Subject banks* | 25 | 25 | 27 | 27 | 27 | 26 |
| Capital representation (in %) | 96.0 | 96.0 | 85.2 | 92.6 | 92.6 | 92.3 |
| Limitation of fixed assets and participations (in %) | 100.0 | 100.0 | 92.6 | 92.6 | 92.6 | 92.3 |
| Risk coverage (in %) | 72.0 | 80.0 | 85.2 | 88.9 | 92.6 | 92.3 |
| T1 capital ratio (in %) | 72.0 | 84.0 | 85.2 | 88.9 | 92.6 | 92.3 |
| CET1 capital ratio (in %) | 76.0 | 84.0 | 85.2 | 88.9 | 92.6 | 92.3 |
Source : Banking Commission of UEMOA
* banks that have been effectively monitored by the Banking Commission, excluding non-banking institutions