Title: Increase in deposits and loans in the Democratic Republic of the Congo in June 2023
Introduction :
The Central Bank of Congo recently published an economic outlook note highlighting a significant increase in deposits and loans in June 2023. These figures reflect the growing optimism of Congolese businesses and households about the country’s economic future. . In this article, we will take a closer look at these trends and unpack their potential impact on the Congolese economy.
Increase in deposits:
According to the Central Bank of Congo, customer deposits recorded a monthly increase of 2.22%, reaching a total amount of 11,106.6 million dollars. This increase is mainly due to deposits from small and medium enterprises, as well as from private companies, which represent respectively 33.3% and 32.5% of the total. Deposits from public enterprises, households and public administration also contributed to this increase, standing at 12.0%, 11.1% and 4.2% respectively. This trend indicates a growing confidence of economic actors in the Congolese banking system.
Increase in credits:
Along with the increase in deposits, gross credits experienced a monthly increase of 21.23%, reaching a total of $6,705.14 million in June 2023. This increase is mainly attributable to credits extended to private companies, companies public and household. Foreign currency loans remain dominant, underlining the importance of international trade in the Congolese economy.
Economic implications:
This increase in deposits and loans offers encouraging prospects for the Congolese economy. It bears witness to the growing confidence of economic players, which could encourage investment and long-term economic growth. Small and medium-sized enterprises, in particular, could benefit from increased access to credit, which would promote their development and their contribution to the national economy.
In addition, this increase in deposits and loans could stimulate household consumption, thus leading to increased demand for goods and services. This could promote job creation and stimulate related industries.
Conclusion :
In conclusion, the increase in deposits and loans recorded in June 2023 in the Democratic Republic of the Congo demonstrates growing confidence in the country’s economy. This trend offers opportunities for investment and economic growth, especially for small and medium-sized enterprises. However, it is important to maintain vigilance and prudent risk management to ensure sustainable and balanced economic growth