Banking activity in Cabo Verde grew 8.8% in 2016


Praia, June 22 (Inforpress) – Banking activity grew 8.8 percent in Cabo Verde last year and bank solvency has improved, but “stress” tests on banks reveal the persistence of considerable risks to financial stability .

This is one of the main conclusions of the Financial Stability Report 2016, the annual publication of the Bank of Cabo Verde, which is now published and presents the main results of the analysis to the Cabo Verdean financial system.

According to the report, “banking activity (…) showed a growth of 8.8 percent higher than in 2015, sustained “by the increase of deposits by 10.3 percent. ”

Credit, for its part, grew by 3.2 percent, keeping pace with the previous year, which, according to the BCV, reaffirms “the reversal trend in 2014”.





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