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BOA BENIN: Activity report for the first half of 2019

07/10/2019
Source : Bulletins Officiels de la Cote | BRVM
Categories: Economy/Forex

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Despite the uncertainties relating to trade tensions and political difficulties in some countries, economic activity was well oriented in the advanced countries but in sharp decline in the emerging economies

At the WAEMU level, recent economic indicators confirm the continuation of the upward trend in economic activity, but at a slower pace.

Thus, with an economic growth forecast that has been revised upwards and is expected to reach more than 7% by the end of 2019, BOA Niger is posting a 7% increase in its turnover. This is made possible thanks to the control of the cost of risk and the contribution of the investment activity.

Net banking income, which is down by 2.3%, is due to the drop in income from employment and commissions as well as the increase in charges linked to DATs.

The cost/income ratio compared to 2018 shows 55.5% against 53.7%, relatively due to the drop in NBI since operating expenses are under control.

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