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This week, the National Bank of #Rwanda will publish the Monetary Policy and Financial Stability Statement for the second half of 2020. You ever ask yourself what this document entails?
#MPFSS2020
#BNREngage
#KnowYourCentralBank
Following a high demand for Government bonds, demonstrated by an oversubscription for each issuance-subscription level averaged at 138% between July 2019 – June 2020.
#MPFSS2020
As a result, T-Bond outstanding increased by 43.8% from Frw 399.3 billion at end 2019 to Frw 574.3billion at end June 2020.
#MPFSS2020
The Government of #Rwanda through the @CentralBankRw successfully issued four new bonds and reopened four existing bonds.
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Demand for loans in 2020H1 dropped by 12.3 percent (year on year), from FRW 648.6 billion in 2019H1 to FRW 568.8 billion in 2020H1.
#MPFSS2020
There has been increased adoption of digital payment channels in 2020H1, which is in line with the Government guideline to contain the spread of the virus.
#MPFSS2020
The number of POS (traditional and new POS) increased from 20,094 in June 2019 to 41,560 in June 2020—largely due to new POS. Mobile money agents also increased by 9,241 countrywide (from 102,182 in June 2019 to 111,422 in June 2020).
#MPFSS2020
As at June 2020, Pension Funds invested FRW 279.9 billion in the banking sector and its total assets account for 17.3 percent of the total financial sector assets.
#MPFSS2020
Assets of the insurance sector increased by FRW 71.1 billion (FRW 477.3 billion June 2019 to FRW 548.4 billion in June 2020).
#MPFSS2020
Lending in U-SACCOs increased by 3.6 percent (from FRW 47 billion in June 2019 to FRW 49 billion in June 2020).
#MPFSS2020
Total assets of MFIs increased by 5.4% year on year from FRW 313 billion in June 2019 to FRW 330 billion in June 2020. MFI deposits grew by 7% compared to the growth of 9% registered in June 2019.
#MPFSS2020
The financial sector remains dominated by the banking sector which accounts for 67.0% of the total financial sector assets as at end June 2020. The pension sector comes in second place with 17.2%.
#MPFSS2020 #Rwanda
The financial sector remains dominated by the banking sector which accounts for 67.0% of the total financial sector assets as at end June 2020. The pension sector comes in second place with 17.2%.
#MPFSS2020
The financial sector remains dominated by the banking sector which accounts for 67.0% of the total financial sector assets as at end June 2020. The pension sector comes in second place with 17.2%.
#MPFSS2020
The strong growth of deposits by 17.8 percent in June 2020, up from 13.2 percent in June 2019, also supported the growth of banking sector assets.
#MPFSS2020
Assets of the banking sector continued to grow- the system wide total assets increased by 18.5% year on year as at end June 2020 to FRW 3,853 billion (42% of GDP), up against the 15.1% registered in June 2019.
#MPFSS2020
The major sectors that contributed to the contraction in NALs in 2020H1, are manufacturing activities, water and energy, transport warehousing and communication, and public works and buildings.
#MPFSS2020
In the first half of 2020, New Authorized Loans( NALs) reduced by 9.2 percent.
#MPFSS2020
In the first half of 2020, Broad money M3 picked up. Credit to the private sector mostly contributed to the growth in M3, with a contribution of 7.4% followed by net foreign assets 6.0% net credit to government 1.3% and public enterprises 0.6%.
#MPFSS2020
In the 1st semester of 2020, the interbank market recorded an increase in number of transactions & amount exchanges. Volume transacted- Frw 1.3 tn in 2020H1 from Frw 493 bn in 2019H1 & number of transactions increased to 411 in 2020H1 from 258 transactions in 2019H1.
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In June 2020, most liquid assets grew by 28.0 percent compared to a slow growth of 2.4 percent recorded in the corresponding period of 2019. This reflects improvement in banking liquidity.
#MPFSS2020
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