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Friday 17 September 2021
HomeNewsProfits of Bank of Central African States down in 2012

Profits of Bank of Central African States down in 2012

The Bank of Central African States (BEAC) made a profit of 17.951 billion CFAF last financial year, down by 5.192 billion CFAF on the 2011 figure, says an official statement issued on Friday in the Congolese capital, Brazzaville.

The statement says that the sub-regional situation was the result of a good performance of the macro-economic situation within the Central African Economic and Monetary Community (CEMAC) over last year, with Gross Domestic Product (GDP) fixed at 6.6% as against 5.2% in 2011.

The inflation rate is set at 3.7% compared with the estimated 3%.

This year, BEAC sees a slowdown in the sub-regional economic activity with real GDP at 4.1%.

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