{"id":34336,"date":"2024-02-22T11:16:06","date_gmt":"2024-02-22T10:16:06","guid":{"rendered":"https:\/\/yearbooktest1.com\/?p=34336"},"modified":"2024-06-27T18:42:49","modified_gmt":"2024-06-27T16:42:49","slug":"togo-le-dynamisme-de-lactivite-bancaire","status":"publish","type":"post","link":"https:\/\/afrique.yearbook-media.com\/en\/togo-le-dynamisme-de-lactivite-bancaire\/","title":{"rendered":"Togo \u2013 The dynamism of banking activity"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t\t\tTogo \u2013 The dynamism of banking activity\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The dynamism of banking activity is the result of a healthy business climate\u00a0<\/span>and attractive. In the Doing Business 2020 report, the country rose to the top of reforming countries in Africa and holds third place worldwide.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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With the reforms initiated by the Head of State, notably through the establishment of a dedicated business climate unit, Togo offers a competitive business environment. National and foreign economic operators benefit from the advantages of a safe, stable, and economically flexible country. Another key measure of this proactive policy to improve the business climate is the operationalization of the Investment Promotion and Free Zone Agency (API-ZF). Hoarding is increasingly avoided, public procurement is exempt from complex procedures, entrepreneurs are encouraged, business creation has become easy, youth employment policies are increasing, water and electricity are affordable, national industrialization is booming, and farmers are supported. In 2020, commercial banks provided just over 615 billion CFA francs in financing to economic players, bringing the sector's outstanding loans to over 1,428 billion CFA francs. However, new loans were down 71% from the 662 billion CFA francs granted in 2019.<\/p>\n

As for loans granted by microfinance institutions to economic operators, they increased to reach 37 billion in the first quarter of 2021, compared to 36 billion a year earlier. Microfinance institutions in Togo grant loans to individuals and groups. These loans are often backed by guarantees and sureties. The clientele is divided roughly equally between men and women; just over half of the loans (50.2%) were therefore granted to women. Lending conditions are similar from one institution to another.<\/p>\n

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There are still some gray areas. For example, agricultural financing by Togolese banks remains low. In the first nine months of 2021, agriculture accounted for 1.41 trillion pounds of new bank loans. This is a real paradox, given that agriculture remains a pillar of economic growth but is still underfunded.<\/span><\/p>\n

But agriculture isn't the only poor relation in bank financing. During the same period in 2021, crafts accounted for 2.81 trillion pounds of total bank financing.<\/p>\n

For 2022, the Minister of Economy and Finance expressed the wish that efforts be made to improve financing for the agricultural and housing sectors in Togo. Other key economic projects for 2022 to improve the volume of financing: the reduction of lending interest rates charged by banks and a greater mobilization of resources by Small and Medium Enterprises through the SME Support Scheme. Over the first nine months of 2021, the total amount of credits granted by all banks through the SME system amounted to 16 billion CFA francs, or 3% of new bank loans, compared to 43 billion CFA francs (7%) in 2020 and 36 billion CFA francs (5%) in 2019. It should be noted that despite the declines recorded at the end of September 2021, the gross deterioration rates of the credit portfolio of banks and decentralized financial systems remained at high levels of 15% and 8% as of September 30, 2021.<\/p>\n

\u00a0OPPORTUNITIES<\/b>
The government has launched the privatization process for public banks (BTCI and UTB), and to date, the Union Togolaise des Banques (UTB) remains open to potential investors. The accelerated digitalization of banking products and services, driven by the health crisis, presents numerous opportunities for all service providers in this sector, given the needs of local financial institutions on the one hand, and the necessity of cost-sharing for effective control of banks' operating margins on the other.<\/div>\n

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Le dynamisme de l\u2019activit\u00e9 bancaire est cons\u00e9cutif \u00e0 un climat des affaires assaini\u00a0et attractif. Dans le rapport Doing Business 2020, le pays s\u2019est hiss\u00e9 au premier rang des pays r\u00e9formateurs en Afrique et tient la troisi\u00e8me place mondiale. Avec les r\u00e9formes impuls\u00e9es par le Chef de l\u2019Etat, et op\u00e9r\u00e9es notamment gr\u00e2ce \u00e0 la mise en … Read more<\/a><\/p>","protected":false},"author":1,"featured_media":43039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[108,285,7,154],"tags":[],"class_list":["post-34336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banque","category-page-pays-only","category-togo","category-togo-banque","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"acf":[],"yoast_head":"\nTogo - The dynamism of banking activity<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/afrique.yearbook-media.com\/en\/togo-le-dynamisme-de-lactivite-bancaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Togo - Le dynamisme de l\u2019activit\u00e9 bancaire\" \/>\n<meta property=\"og:description\" content=\"The dynamism of banking activity stems from a healthier and more attractive business climate. 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