Fitch: WAEMU banks’ weak asset quality & capital outweigh growth

West Africa Economic and Monetary Union banks’ high asset-quality risks and capital vulnerabilities are only partially offset by their sound profitability and strong growth prospects. That’s according to Fitch Ratings in its latest report stating WAEMU banking sector’s impaired loans ratio has increased above that of most sub-Saharan African markets. Jamal El Emellali, Director for Africa and Middle East Banks at Fitch joins CNBC Africa to unpack the report and near-term outlook.
Wed, 10 Jul 2024 14:30:11 GMT

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