videoconference in the premises of the Malian Company of Diffusion and Transmission (SMDT) under the presidency of Moussa Alassane Diallo that the administrators of the National Bank of Agricultural Development of Mali (BNDA) held the 135th session of their Board of Directors on May 18th. Unanimous observation: the green bank has achieved performances that improve its position in the front runners of the banking system!

Several high-ranking executives of the Bank, including, of course, the Managing Director Souleymane Waïgalo, took part in this session of the Board of Directors. According to Moussa Alassane Diallo, this 135th session of the Board of Directors is being held in a particular context marked by the unprecedented global health crisis of the coronavirus (Covid-19). "In an exceptional situation, exceptional means: as a result, this Board meeting is held by videoconference", declared the Chairman of the Board of Directors of the Green Bank.

This pandemic, he said, has had an unparalleled impact on economic and social relations with containment measures, the cessation of international travel, the disruption of national economic activities and international trade. “Thus, the major risks weighing on the African continent in general and on Mali in particular lie in the socio-economic consequences linked to the slowdown in the world economy following this pandemic and the management of the crisis by the various authorities. political, administrative and health. The IMF predicts that global GDP should settle at -3.3%. The world economy will therefore enter recession in 2020. In the WAEMU zone, the growth rate, according to the BCEAO, should fall by half and settle at 2.7%. The forecasts for the Malian economy are more pessimistic since Mali could enter a recession (the GDP could fall to -2%)”, underlined Moussa Alassane Diallo. He recalled that the Central Bank of West African States (BCEAO) announced on March 21, 2020 emergency measures to support banks and the financing of economic activity in the Union. He recommended that the General Management of the BNDA keep the Board of Directors informed on the implementation of all the measures decided by the BCEAO.

13 billion in taxes paid in 2019, a balance sheet total of 498 billion FCFA

The Chairman of the Board of Directors announced that the BNDA has contributed 75 million FCFA to the national effort to fight against the coronavirus (Covid 19). "I would like to salute your spirit of solidarity, generosity and your support for Mali, its government and its people in this exceptional and difficult circumstance linked to the management of Covid-19", he underlined at the address administrators. Moussa Alassane Diallo welcomed the measures taken by the general management of the bank through the Information Note of March 17, 2020 for the effective implementation of the preventive measures decided by the government of Mali.

According to Moussa Alassane Diallo, the financial year ended December 31, 2019 represents the fourth year of implementation of the green bank's 2016-2020 medium-term development plan. The Banque Nationale de Développement Agricole du Mali (BNDA) achieved a pre-tax result of 12.3 billion FCFA and a net result of nearly 10 billion FCFA before increasing its equity and similar funds to 66 billion FCFA in 2019 , up 11%. The Net Banking Product (BNP) increased from 36.5 billion FCFA to 40 billion FCFA in 2019, an increase of 10%. The operating ratio is 51% with a balance sheet total of 498 billion FCFA. As of September 30, 2019, the Green Bank held 11.2% of bank deposits, 12.5% of bank loans. The bank's customer portfolio grew by 6%. Credit activity is developing and is aimed at all sectors of the Malian economy, with agriculture remaining the bank's core business.

True to its vocation as an agricultural bank, it injected 267 billion FCFA in 2019 in the financing of agriculture while it devoted 80 billion FCFA to the financing of equipment and housing for individuals. As for SMEs-SMIs, the volume of commitments in their favor increased by 44% from 87 billion 099 million CFA francs in 2018 to 125 billion 703 million CFA francs in 2019.

During the past year, the BNDA granted 29 billion FCFA to companies owned or managed by women, women's groups or women employees in the public, private, army or paramilitary sectors. At the same time, the bank supported seven (7) microfinance institutions for an amount of 2 billion 929 million FCFA against 2 billion 600 million FCFA in 2018, an increase of 12%. The green bank has contributed to national solidarity, in particular through the taxes paid to the State, which have risen sharply in line with the trend in activity. Taxes paid total 13 billion FCFA in 2019 against 12 billion FCFA in 2018.

The annual financing of the Malian economy by the BNDA increases by 10% (46 billion) and stands at 506 billion FCFA in 2019, of which 53% for agriculture. A local bank, it contributes to improving the banking system of the Malian population through 48 points of sale, 72 automatic teller machines (ATMs) and diversified services offered.

This makes the Chairman of the Board say that the BNDA is improving its position in the front runners of the Malian banking system while remaining the first financial partner of Malian agriculture. “These performances were achieved thanks to a constant adaptation of the means of production to the numerous challenges. The bank has been able to improve its performance despite a difficult context marked by the scarcity and increase in the cost of financial resources, and the security crisis which accentuates the insolvency of customers,” notes Moussa Alassane Diallo. To consolidate these achievements, the Managing Director of the green bank, Souleymane Waïgalo and his dynamic team are continuing to implement the digital project, organizational reform and regulatory reforms.