Cameroon: Financial System Stability Assessment: Update

International Monetary Fund

No 2009/051, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses details of Cameroon’ Financial System Stability Assessment (FSSA). The FSSA is based on the work of a joint IMF-World Bank mission that visited Cameroon as part of the Financial Sector Assessment Program in June 2007. Excess liquidity may be inducing banks to narrow their margins. The lower spread and reduced profitability tilted domestic banks toward disintermediation and discouraged them from opening new branches. The efficiency of the supervisory framework suffers from the limited institutional independence of the Central African Banking Commission.

Keywords: ISCR; CR; bank; banking system; financial product; address problem bank; capital shortfall; loan recovery; nonbanking financial institutions; concentration risk; loan contract; banks' outreach; recovery agency; judicial system; loan concentration risk; bank's ownership; increasing tendency; Commercial banks; Loans; Credit; Financial sector; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 23
Date: 2009-02-18
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