Increase in deposits and credits in the DRC – June 2023
According to the Central Bank of Congo, customer deposits experienced a significant monthly increase of 2.22% at the end of June 2023, reaching an amount of $11,106.6 million. This increase reflects the growing confidence of customers in the country’s financial institutions.
The distribution of deposits shows that small and medium-sized enterprises as well as private companies represent the majority of these deposits, with 33.3% and 32.5% of the total, respectively. Public enterprises, households and public administration follow with shares of 12.0%, 11.1% and 4.2% respectively. This distribution highlights the key role of private companies in the economic development of the country.
Along with the rise in deposits, gross credits also increased significantly, recording a monthly growth of 21.23 percent to reach $6,705.14 million. This increase is mainly due to credits granted to private companies, public companies and households.
Looking at the breakdown by currency, foreign currency loans still dominate the market. This may be explained by the nature of economic activities in the DRC, which often involve international transactions.
This increase in deposits and credits indicates a positive dynamic in the Congolese financial sector. It demonstrates the growing confidence of economic players and the desire of banks to support the development of the country’s economy.
It is important to emphasize that this favorable trend must be supported by sound economic policies and effective regulation. Congolese authorities must continue to promote an environment conducive to investment and encourage businesses to access the financing necessary to stimulate economic growth.
In conclusion, the increase in deposits and credits in the DRC in June 2023 is a positive indicator for the country’s economy. This demonstrates the confidence of economic players and financial institutions. However, it is essential to maintain this momentum through coherent economic policies and effective regulation. This will support economic development and promote sustainable growth in the DRC.