The Board of Directors of BGFI Holding Corporation met, under the chairmanship of Henri-Claude OYIMA, Chairman and CEO, to examine the performance and finalize the accounts for the year ended on 31 December 2024 of the BGFIBank Group.

The BGFIBank Group marked the year 2024 with exceptional financial performance, recording a consolidated net income of 122 billion CFA francs, a jump of 27% compared to the previous year. This result highlights the robustness of its financial strategy and its dominant position on the African market.

The total balance sheet of the group grew steadily, from 5,296 billion in 2023 to 5,951 billion CFA francs in 2024, an increase of 12%. This expansion reflects a substantial increase in assets managed by the group, consolidating its resource base and its ability to finance large-scale projects

Customer deposits reached FCFA 3,883 billion, up 17% compared to the previous year. At the same time, customer loans increased by 16%, amounting to 3,562 billion CFA francs. These figures reflect the renewed confidence of customers and the group's ability to support local economies through targeted financing.

Net banking income rose to 347 billion CFA francs, marking an increase of 10% year on year. This increase is mainly due to the 28% increase in commissions, despite a slight decrease in the net interest margin due to the increase in key rates. This growth in GNP illustrates the effective management of revenues from traditional banking services and off-balance-sheet activities

The group also implemented prudent cost management, with a moderate 4% increase in management fees, while improving gross operating income by 20%. The overall cost of risk has increased dramatically, underlining a cautious approach in the face of the volatile economic environment