Dakar, Dec 27 (APS) – The government plans to increase the financing capacities of banks with majority public capital, the Prime Minister announced Friday in Dakar.
”As for banks with majority public capital, notably La Banque agricole, BNDE, BHS and BRM, my government intends to notably increase their financing capacities for the benefit of the private sector, by strengthening their equity capital”, said Ousmane Sonko while making his general policy statement to the deputies.
The increase in the capital of these banks will be “in line with the ambitions of the 2025-2029 five-year plan for the sectors served by financing, which are the primary sector, SMEs, SMIs, VSEs, as well as housing social”.
”Regarding the deepening of the bank credit market, the increase to 20 billion CFA francs in the minimum share capital of banks by January 2027 at the latest should strengthen the lending capacities of banks, particularly to the private sector” , added the Prime Minister.
He announced that ”the microfinance sector will also be put to greater use in financing crafts, the formalization of the informal sector and agriculture”.
”Public financial mechanisms for promoting and guaranteeing financing for sectors deemed priority by the government will be put into synergy, with a clear distribution of roles and better articulation of interventions according to targets,” assured Ousmane Sonko.
According to him, green financing mechanisms will be deployed for any project with a sustainability component.
ESF/OID
Senegal
