The Banco de Cabo Verde’s October report highlights the continued strength in the banking sector’s capital, financial, and prudential robustness, with high levels of solvency, liquidity, and profitability.
This stability is reflected in an improved financial stability index, it adds.
In its depiction of the archipelago’s economy, the BCV notes a “slowdown in economic activity in the first half of 2025,” a “rising trend in consumer prices,” and an “acceleration in bank credit to households.”
The report also states that Cabo Verde is benefiting from a “significant increase in foreign exchange reserves,” alongside a “favorable trend in public accounts,” while “public debt as a percentage of GDP [Gross Domestic Product] is following a downward trajectory.”
The Financial Stability Bulletin is a semi-annual publication from BCV, compiled by the Financial Stability Office, which is responsible for macroprudential supervision.
