AM LTD Consulting

DR Congo’s monetary and financial statistics closed 2025 with a clear signal: financial intermediation deepened, private-sector balance sheets expanded, and the central bank intensified liquidity management.

Comparing December 2024 to December 2025:

1) Deposits continued to rise

Customer deposits in depository corporations increased from US$14.73 billion in December 2024 to US$16.24 billion in December 2025, a gain of about 10.2%.

This points to a stronger deposit base and improving banking system resource mobilisation.

2) Credit expansion outpaced deposit growth

Gross credit by depository corporations rose from US$8.53 billion to US$10.45 billion, up about 22.5% year-on-year.

That is a strong acceleration relative to deposit growth and suggests a more expansionary credit environment, with banks extending more financing into the economy.

3) Interbank pricing eased

The interbank market rate declined from 25.5% in December 2024 to 17.5% in December 2025, a drop of 8.0 percentage points.

This suggests an easing in short-term funding conditions compared with the previous year-end.

4) A fragmented but growing interbank market

Total interbank transaction volumes rose from $114.5M in 2024 to $170.3M in 2025 (+49%).

However, this growth needs to be interpreted carefully. Monthly activity remained irregular, with alternating periods of inactivity, low activity, and occasional spikes.

This pattern reflects a market that is still developing structurally, rather than one providing continuous and efficient liquidity redistribution.

5) The central bank stepped up open market sterilisation

Using the worksheet exchange rates of CDF 2,866.88/US$ for December 2024 and CDF 2,309.38/US$ for December 2025, central bank bills outstanding converted as follows:

7-day BCC bills: from about US$52.3 million to about US$124.3 million

28-day BCC bills: from about US$52.9 million to about US$218.2 million

84-day BCC bills: from 0 to about US$265.4 million

This is important. It shows that by end-2025, the central bank was relying on a broader and heavier maturity structure to absorb liquidity, especially through 28-day and 84-day paper.

By December 2025, DR Congo’s monetary sector showed a combination of larger deposits, faster credit growth, lower interbank rates, and more active central bank sterilisation tools. In practical terms, the banking system appears deeper, but also one in which liquidity management by the central bank became more assertive and more structured across maturities.