Burkina Faso - Banking SystemsBurkina-Faso-Banking-Systems
Though Burkinabe banks continue to have high levels of cash reserves, their credit financing is limited to short-term credit, which constitutes about 60 percent of their financing portfolio. Thus, few manufacturing and trading companies benefit from long-term financing, which impedes economic growth. Small to medium-sized entrepreneurs still have difficulty accessing credit.
The traditional banking sector is composed of 14 commercial banks and three specialized credit institutions. A network of microfinance institutions and credit unions has also grown rapidly.
Three specialized credit institutions finance the majority of home, furniture, car, and moped acquisitions: la Société Burkinabe d’Equipement (S.B.E.), la Société Burkinabe de Crédit Automobile (SOBCA), and la Financière du Burkina (FIB). Two additional credit institutions make specialized loans to small and medium-scale enterprises: the "Projet d’Appui à la Création des Petites et Moyennes Entreprises (PAPME)" and Fidelis Finance Burkina Faso, formerly known as Burkina Bail. These institutions finance the acquisition of equipment by lease.
Questions and inquiries regarding Burkina’s banking system can be addressed to:
Association Professionnelle des Banques et Etablissements Financiers du Burkina (APBEF-B)
01 B.P. 6215 Ouagadougou 01, Burkina Faso
Tel: (+226) 25 31 20 65; Fax: (+226) 25 31 20 66
E-mail: apbef-b@cenatrin.bf
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
The traditional banking sector is composed of 14 commercial banks and three specialized credit institutions. A network of microfinance institutions and credit unions has also grown rapidly.
Three specialized credit institutions finance the majority of home, furniture, car, and moped acquisitions: la Société Burkinabe d’Equipement (S.B.E.), la Société Burkinabe de Crédit Automobile (SOBCA), and la Financière du Burkina (FIB). Two additional credit institutions make specialized loans to small and medium-scale enterprises: the "Projet d’Appui à la Création des Petites et Moyennes Entreprises (PAPME)" and Fidelis Finance Burkina Faso, formerly known as Burkina Bail. These institutions finance the acquisition of equipment by lease.
Questions and inquiries regarding Burkina’s banking system can be addressed to:
Association Professionnelle des Banques et Etablissements Financiers du Burkina (APBEF-B)
01 B.P. 6215 Ouagadougou 01, Burkina Faso
Tel: (+226) 25 31 20 65; Fax: (+226) 25 31 20 66
E-mail: apbef-b@cenatrin.bf
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.