In
2004, thirty-six (36) requests for guarantee were submitted to
the decision-making bodies for examination: twenty-three (23)
by bank institutions, four (4) by financial institutions and nine
(9) by management and intermediation companies (for resource mobilization).
A total twenty-eight (28) were approved for an amount of CFAF
12.550 billion, versus sixteen in 2003 for an amount of CFAF 5.531
billion.
The
corresponding investments are to be carried out in Benin, Burkina
Faso, Côte d’Ivoire, Ghana, Guinea, Mali, 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
2003
|
FY
2004
|
Change
in %
|
Value
since establishment |
| Number
of requests received |
23 |
38 |
65.21% |
198 |
| Amount
of the requests received |
14
876 |
24
491 |
64.63% |
101
120 |
| Average
unit value |
646 |
645 |
- |
511 |
|
| Number
of guarantees granted |
16 |
28 |
75% |
129 |
| Amount
of the guarantees granted |
5
531 |
12
550 |
126.90% |
51
335 |
| Approval
rates (in % of the sums) |
65.21% |
55% |
-10.21% |
60.24 |
| Amount
of the loans corresponding to the guarantees issued |
12
029 |
49
460 |
311.17% |
162
955 |
| Average
unit value of the guarantees issued |
345.68 |
448 |
29.47%
|
397.94 |
| Average
cover rate |
47% |
25% |
-22% |
31.5
|
| Average
term of the guarantee (months) |
54 |
66 |
22% |
56.83 |
Average delays of the loans granted (months)
|
8.25
|
11 |
33% |
8.78 |
(Amounts
in CFAF million)
Type
of institution |
Number |
Value |
% |
| Banks |
20
|
5
366 |
43% |
| International
Financial Institutions |
4 |
3
568 |
28%
|
| Resource
mobilization transactions |
4 |
3
616 |
29% |
| Total |
28 |
12
550 |
100%
|
As
the favorable 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 CFAF million, the features of the
requests for guarantee received and examined since the establishment
of the Fund:
Follow-up of the requests received since establishment
31/12/004
