During the work of the first ordinary session of the Council of Ministers of the West African Monetary Union (UMOA) for the year 2024 held last Thursday, BOAD posted a net profit of 36.453 billion CFA francs for the year ended December 31, 2023, an increase of 8.23% compared to fiscal year 2022

La BOAD shows key indicators that are improving. BOAD recorded a net profit of 36.453 billion FCFA, up by 8.23% compared to 33.682 billion FCFA at the end of 2022. These benefits have strengthened the Institution's own funds and the specific funds intended to support States. Net banking income increased by 19.33% to reach 111.033 billion FCFA, against 93.051 billion FCFA in 2022. The total balance sheet amounted to FCFA 3,482.022 billion, compared to FCFA 3,362.279 billion at the end of the previous

In fiscal year 2023, BOAD implemented a capital increase of 554.350 billion CFA francs, issued 100 million USD in subordinated debt, took financial optimization measures, and strengthened the subsidy mechanism.