When discussing customer deposits in the Democratic Republic of Congo (DRC) at the end of September 2024, it is interesting to highlight the notable development that has been recorded. The figures released by the Central Bank of Congo show a monthly increase in deposits, making them reach the significant sum of 13,662.06 billion US dollars.
This increase of 0.24% highlights the renewed confidence of the Congolese in the financial system, despite a sometimes unstable economic context. The rise in foreign currency deposits, particularly in US dollars, was a major factor in this growth, thus becoming the main pillar of the Congolese banking landscape.
It is interesting to note that deposits in foreign currency represent a considerable share, or 91.1% of the total. This preference for foreign currencies highlights a certain persistent mistrust of the national currency, reflecting citizens’ caution in the face of economic volatility.
The distribution of deposits highlights the significant contribution of private companies, which represent 33.6% of the total. Households follow closely with 26.7%, thus demonstrating an active participation of local economic actors. Public companies and SMEs have also contributed, highlighting the growing importance of the small and medium-sized enterprise sector in the Congolese economy.
In parallel with this increase in deposits, gross credits have also recorded an increase, reaching $8,493.86 billion in September. This increase is mainly due to credits granted to private companies and households, revealing a sustained demand for financing and the current economic dynamics.
The fact that credits in local currency have also increased significantly, pushing for an increased use of local currency, is encouraging for the country’s financial balance.
These data highlight a growing dynamism in the Congolese banking sector, revealing an increased capacity of financial institutions to meet the varied needs of customers. However, it is important to remain vigilant in the face of some persistent challenges, such as inflation, which impacts citizens’ purchasing power and can affect their ability to save and repay their loans.
It is therefore essential that government authorities strengthen their efforts to stabilize the national currency and create an economic environment conducive to sustainable growth. This requires the implementation of coordinated policies aimed at promoting economic development and investment in infrastructure.
In conclusion, recent data on bank deposits and loans in the DRC in September 2024 offer a positive overview of the country’s economic situationHowever, close collaboration between government and financial stakeholders is essential to address persistent challenges and ensure robust economic growth, while strengthening citizens’ confidence in the national financial system.