BCEAO injects CFA218 billion into the Togolese banking sector

BCEAO injects CFA218 billion into the Togolese banking sector
Banking
Thursday, 11 March 2021 14:17
(Togo First) - On March 8, 2021, the Central Bank of West African States (BCEAO) injected CFA218 billion into Togo’s banking market, at an interest rate of 2%. 
This loan is part of a larger amount - CFA3,419 billion - the Bank gave to commercial banks across the countries it covers. The facility is one of the weekly disbursements the BCEAO provides to the region’s 92 lenders.
Out of the total amount, Côte d’Ivoire secured the biggest piece of the pie, knowingly CFA1,095 billion (32%). Next come Senegal (CFA736 billion or 21.5%), Mali (CFA426 billion, 12.47%), Burkina Faso (CFA320 billion, 9.35%), Benin (CFA286 billion 8.36%), Niger (CFA278 billion, 8.1%). In terms of percentage share, Togo received 6.3% of the total sum. 

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