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Bank: profit of the Guinean bank Bange Bank fell by 19% in 2023

16/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Due to a difficult economic situation and increased regulatory rigor in 2023, the Bange Bank of Equatorial Guinea saw its net profit fall by 19%.

L'unité de Guinée équatoriale de la banque Cameroonian Bange had a difficult year in 2023, with net profit falling by 19% to 4.2 billion FCFA (about 7 million dollars) and equity falling from 80.7 billion FCFA to ; 60.4 billion FCFA. Despite these financial challenges, the bank saw a substantial increase in its customer base, from 7,000 to 137,000 customers over the same period. This significant increase in customers could indicate a positive long-term outlook despite immediate financial setbacks.

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