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West Africa: BCEAO's net income stands at 69.238 billion FCFA in 2020

08/04/2021
Categories: Economy/Forex Rate

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For the past year, the BCEAO recorded a net result of 69.238 billion FCFA. The total balance sheet rose to 20.961 billion FCFA against 17.711 billion in 2019, an increase of 18%.

BCEAO activity has increased in several areas despite the coronavirus crisis. Gold assets, assets in the International Monetary Fund, claims on credit institutions and transactions on behalf of national treasuries increased by 22%, 102%, 23% and 89% respectively.
In terms of liabilities and equity, banknotes and coins in circulation, accounts payable and deposits, transfers to be executed and commitments to the International Monetary Fund are up by 19%, 20%, 8% and 30% respectively. .
The net result of commissions stands at 72.431 billion in 2020, up 6% compared to the 2019 financial year. And the costs related to fiduciary maintenance are up 13% from 41.639 billion in 2019 to 46.986 billion in 2020.

On the other hand, a decrease of 2% is noted on general expenses. Net interest income is down 22%. It stood at 200.181 billion in 2010 against 257.392 billion in 2019. In addition, assets in foreign currencies, claims on national treasuries and investment property are down respectively by 3%, 1% and 7%.

Commitments in foreign currencies are down 6%. Similarly, provisions for risks and charges which amount to 76.022 billion CFA francs fall by 2%.

Counter-performances were also noted at the level of net foreign exchange income and net banking income, which fell by 17%.

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