In
2003, nineteen (19) requests for guarantee submitted to the decision-making
bodies were issued by seventeen (17) bank institutions, one (1)
financial institution and one (1) company (for resource mobilisation).
Sixteen (16) of them were approved for an amount of CFA F 5.53
billion, against 17 in 2002 for an amount of CFA F 5.505 billions.
The corresponding investments are to be carried out in Benin,
Guinea, Niger, Senegal and Togo.
The changes in the features of the requests for guarantee received
and examined are presented as follows:
Features
of the requests for guarantee received and examined
| unless
stated otherwise, the sums are in million CFA francs
|
FY
2002
|
FY
2003
|
Change
in %
|
Value
since establishment
|
| Number
of requests received |
28 |
23 |
-17.86% |
160 |
| Amount
of the requests received |
12
625 |
14
876 |
17.83% |
76
629 |
| Average
unit value |
451 |
646 |
43,24% |
479 |
| |
| Number
of guarantees granted |
17 |
16 |
-5.88% |
101 |
| Amount
of the guarantees granted |
5
505 |
5
531 |
0.47% |
38
785 |
| Approval
rates (in % of the sums) |
43.28% |
65.21% |
60.72%
|
60.69% |
| Amount
of the loans corresponding to the guarantees issued |
15
515 |
12
029 |
-22.47%
|
113
495 |
| Average
unit value of the guarantees issued |
323.8
|
345.68
|
6.7%
|
384.00 |
| Average
cover rate |
44% |
47% |
6.82% |
|
| Average
term of the guarantee (months) |
55 |
54
|
-1.82%
|
54.29 |
Average delays of the loans granted (months)
|
7.5 |
8.25 |
10.00%
|
8.17 |
The
following remarks can be made about the above table :
-
Since the launching of GARI’s activities, 160 requests
for guarantee for a total amount of CFA F 76.6 billion (in counter-value)
have been received. These requests gave rise to 101 approvals
for an amount, in counter-value, of CFA F 38.8 billion. The
rate of favourable decisions against the number of requests
for guarantee submitted to the decision-making bodies is 60,69%.
-
The guarantees granted since establishment concern an overall
funding amount of CFA F 113.43 billion, whereas the related
overall investment costs amount to CFA F 345.81 billion.
-
From the start, the requests received relate to investments
planned in 10 countries, among which, Côte d’Ivoire
(36%), Senegal (15%) and Benin (13%) lead in terms of volume.
-
As to the guarantee granted per country from the start, the
leading country is Côte d’Ivoire with 42,15% of
the total amount of the guarantees, followed by Benin with 14,66%
and Mali with 10,33%.
-
Up
to 53% of the guarantees granted concern bank institutions,
39% international financial institutions and 8% resource mobilization.
The corresponding investments are mainly carried out in the
agro-industry (48%), industry (29%) and services (11%) sectors.
As
the favourable decisions mainly concerned shareholder institutions
or institutions refunded by shareholders, the average conditions
applied to the Fund’s customers were 2% for the contribution
rate and 1,5% for the charge rate.
The following tables show, in CFA F millions, the features of the
requests for guarantee received and examined since the establishment
of the Fund:
Follow-up
of the requests received since establishment 12/31/03
|
IN 2003
|
Received |
Granted
|
Rejected
|
Post- poned
|
Discontinued |
Not submitted |
|
Number of requests |
23 |
16 |
2 |
1 |
0 |
4 |
|
In % of the number |
100.00%
|
69.57%
|
8.70% |
4.35% |
0% |
17.39% |
|
Amount in CFA F |
14
876 |
5
531 |
2
500 |
450 |
0 |
6 395 |
|
In % of the amount |
100.00% |
37.18%
|
16.81% |
3,03% |
0 |
42.99% |
|
|
SINCE ESTABLI SHMENT |
|
Number of requests |
160 |
101 |
19 |
9 |
13 |
18 |
|
In % of the number |
100.00% |
63.13% |
11.88%
|
5.63% |
8.13% |
11.25% |
|
Amount in CFA F |
76
629 |
38
785 |
14
821 |
3
484 |
6
819 |
12
720 |
|
In % of the amount |
100.00% |
50.61% |
19.34% |
4.55% |
8.90%
|
16.60% |
|
