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Banking activity: BOA Mali's net income down 44%

19/10/2021
Categories: Companies

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BOA Mali executives released the bank's business results for the first half of 2021. According to the disclosed figures, the bank recorded a 44% drop in its net income.

The net result of Bank of Africa (BOA) Mali, a member of the Moroccan banking group BMCE Bank, fell by 44% at the end of the first half of 2021 compared to the same period of 2020. According to the leaders of this banking establishment based in Bamako, this result fell from 3.080 billion FCFA as of June 30, 2020 to 1.731 billion FCFA as of June 30, 2021, i.e. a contraction of 1.349 billion FCFA. The bank's balance sheet total stood at 616.661 billion FCFA against 581.455 billion FCFA in the first half of 2020 (+6.05%). Net banking income increased by 14% from 15.853 billion FCFA in the first half of 2020 to 17.995 billion FCFA a year later. During the period under review, the gross operating result increased by 37% to 8.305 billion FCFA against 6.082 billion FCFA at the end of June 2020. The operating result stands at 1.594 billion FCFA against 951 million of FCFA as of June 30, 2020.

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