Regional mortgage financing fund (CRRH-UEMOA) raised its share capital to XOF9.589 billion

Banking
Friday, 10 May 2019 15:54
Regional mortgage financing fund (CRRH-UEMOA) raised its share capital to XOF9.589 billion

(Togo First) - The regional mortgage financing fund (CRRH-UEMOA) raised its share capital to XOF9.589 billion (from 9.144 billion), by issuing 44,500 new shares.

The move was decided at the fund’s 10th ordinary general assembly which took place at the West African Development Bank’s (BOAD) office in Lomé, last April 25.

The assembly chaired by Christian Agossa approved a public bond issuance on the regional financial market. Monies raised in the operation, XOF60 billion, will be used to pay housing loans given by the fund’s shareholder banks.

In 2018, CRRH-UEMOA raised XOF79 billion, thus bringing to XOF200.3 billion the total amount it raised over about seven years to finance housing loans given by its 35 shareholder banks operating across the whole economic community.

Ayi Renaud Dossavi

 
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