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Bank: BOA Benin rating

17/09/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The Bloomfield Investment Company rated the Bank of Africa Benin at A+ A+ in the Long Term and A1 A1 in the Short Term with a stable outlook.

The long-term rating reflects protective factors that are good. However, risk factors are more variable and more important in times of economic pressure. Sur le court terme, la notation est basée sur the certainty of timely repayment is very high. The liquidity factors are excellent and supported by good protective factors for essential elements. Risk factors are minor.

The rating is based on positive factors such as “a favorable economic environment; a constant management organization; a relatively satisfactory strategic balance sheet; a relatively satisfactory strategic balance sheet; a quality credit portfolio; an increase in net banking income supported by commissions; continued growth in net income and in operational and financial profitability.”

BOA Bénin is a subsidiary of the BANK OF AFRICA Group created in 1989. The bank is registered on the list of banking institutions of the UMOA under the code B0061. It holds the LB 07-B banking license, and is authorized as a credit institution under Beninese law by decree No. 219/MF/DGM/DMC/MTC of October 13, 1989 of the Minister of Finance of the Republic of Benin, and is authorized as a credit institution under Beninese law. BOA Benin is also registered under the number RB/COT/07 B 934 in the Cotonou Trade and Furniture Credit Register, where its head office is located

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