The Housing Finance System

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A. Primary Housing Finance Market

A.1 Industry Structure and Performance
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of firms originating and funding mortgage loans 15 
Editor
A.1.1
Types of originating lenders/market share:A.1.2
Identify the 3 largest loan originating lenders Société Générale Côte d'Ivoire, Banque Atlantique Côte d'Ivoire, Ecobank Côte d'Ivoire 
Editor
A.1.3
Are there (quasi) public mortgage lenders: No 
Editor
A.1.4
Universal/ commercial banks No 
Editor
A.1.4.1
Other depository institutions (savings and loans/mutual savings and credit institutions) No 
Editor
A.1.4.2
Non-depository financial institutions specialized in housing finance No 
Editor
A.1.4.3
General non-depository financial institutions No 
Editor
A.1.4.4
Others (e.g. insurance co, pension funds, labor tax funds) No 
Editor
A.1.4.5
Typical lending spreads for mortgages 1.89% 
Editor
A.1.5
Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
Average 1997-2007 A.1.7
A.2 Size of Mortgage Finance Sector
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total amount of home mortgages made in calender year in millions of USD 240.85 USD (millions)61.38 USD (millions)
BCEAO
A.2.3
and as % of all credits originated in calender year 3.12%.83%
BCEAO
A.2.3.2
A.3 Housing Finance Products
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Mortgage products as % of all mortgages (approx.) in local currency:A.3.1
Most prevalent type of foreign currency mortgage used:A.3.3
Most frequent interest rates on fully amortizing:A.3.4
Typical lender fees associated with mortgage origination: A.3.6
Typical third party fees associated with mortgage origination:A.3.7
Loan-to-Value (LTV) on first mortgage: A.3.8
Maximum LTV 90% 
Editor
A.3.8.1
Mortgage pmt-to-income ratio A.3.10
A.4 Lending and Servicing Process
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Which institutions define underwriting rules? A.4.2
A.5 Credit Risk Assessment
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Do credit bureaus exist? YesYes 
Doing Business
A.5.2
Are there legal/regulatory constraints to gaining access to credit information?YesYes 
BCEAO
A.5.2.1
Are credit guarantee systems used?  Yes 
Agence Francaise de Developpement
A.5.4
B. Funding Sources for Mortgages and the Secondary Mortgage Market
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
What are the main funding sources for mortgages?B.1
Retail funding (deposits/other) Primary 
Editor
B.1.1
Wholesale funding: loans from other banks or corporations Non-applicable 
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B.1.2
Funding through mortgage bonds  Non-applicable 
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B.1.3
Funding through securitization of mortgages Non-applicable 
Editor
B.1.4
C. Housing Microfinance
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Are non-collateralized housing micro-finance loans offered?  Yes 
Ministry of Economy and Finances
C.1
Types of lenders operating in the housing micro-finance (HMF) sector:C.2
Commercial banks No 
Editor
C.2.1
Specialized non-depository MFIs  No 
Editor
C.2.2
NGOs No 
Editor
C.2.3
Others Yes 
Editor
C.2.4
None No 
Editor
C.2.5
Typical lending spreads in HMF 15% 
Editor
C.3
Level of NPLs (>90 days past due) in HMFC.4
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Notes: 2% of the rental value of the building
Notes: 2009 = 100
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Notes: 2010 = 100
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Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 4% of the rental value if main or secondary residence and 11% if rented.
Notes: 4% of the rental value of income-producing properties (Art. 156 du CGI).
Notes: Actual range of 0.75-1.5%
Notes: CDMH
Notes: Estimate
Notes: FSH
Notes: FSH
Notes: The sector includes cooperatives such as UNACCOPEC and RCMEC. New institutions, such as Advans and Microcred have recently entered the market. They are supported by international donors with the objective to develop credit for SMEs.