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CRRH- UEMOA: increase in net income

08/05/2024
Source : ORISHAS-FINANCE
Categories: Rate

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The Regional Bank for Mortgage Refinancing of the UEMOA (CRRH- UEMOA) recorded a significant growth in its net income to 1.3 billion FCFA as of December 31, 2023, at the end of the first year for the implementation of its new strategic plan 2023-2027

.

The CRRH- UEMOA shows a remarkable increase of 180% compared to the previous year. This exceptional performance is mainly the result of a significant growth in Net Banking Income (GNP) of 21% and rigorous management of expenses. The positive dynamic of CRRH- UEMOA is confirmed with a 50% increase in the balance sheet total, which reached 300 billion CFA francs at the end of 2023. The CRRH- UEMOA has carried out a capital increase of 1,925 million FCFA to which its main shareholder, the West African Development Bank (BOAD), has fully subscribed. in order to support its ambitious strategic plan, which aims to triple the impact of its funding over the

next five-year period.
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