In Togo, the postponements of loan maturities granted to companies and individuals since April 1, 2020 in the particular context of the health crisis linked to Covid-19, relate to more than 18 billion FCFA.

As a reminder, on September 30, the Central Bank of West African States (Bceao) invited credit institutions to grant, without interest charge or late payment penalty, three months of postponement of deadlines to companies. affected by the effects of Covid-19 who request it.

In detail, at the end of September 2020, deadline extensions were granted to 212 companies for a total of 15 billion FCFA. On the other hand, 1,361 individuals have requested and obtained the benefit of this exceptional measure for 3 billion FCFA.

The information was disseminated by Sani Yaya during the last session of the National Credit Council (CNC) in 2020. The measure, according to the treasurer of the government of Victoire Tomégah Dogbé, not only allowed the banks to control the risk of credit, but also to companies and individuals to preserve the quality of their signature and, consequently, to maintain their accessibility to financing.