At the end of fiscal year 2024, the Central Bank of West African States (BCEAO) made a profit of 686 billion FCFA (1.166 billion dollars), according to financial statements audited by the Financial Statements audited by the Commissioner Controller of this issuing institution based in Dakar and common to the eight countries of the West African Monetary Union (UMOA).

The BCEAO ended the financial year 2024 with financial indicators that rose sharply. Its net income reached 686 billion FCFA, against 315.6 billion FCFA in 2023, an increase of 117%. This growth reflects improved interest income and efficient expense management. The total balance sheet of the institution also increased, from 27,141 billion FCFA in 2023 to 32,713 billion FCFA in 2023 to 32,713 billion FCFA in 2024. This increase is due to the increase in claims on credit institutions, which stood at 9,436.3 billion CFA francs, compared to 8,453.8 billion CFA francs the previous year.

BCEAO's gold holdings grew significantly, reaching 2,531.8 billion FCFA in 2024, compared to 1,831.6 billion FCFA in 2023. This increase of 700.2 billion FCFA reflects a strategy to diversify assets and a response to fluctuations in international financial markets. Banknotes and coins in circulation increased by 17%, reaching 13,678.3 billion FCFA, against 11,669.4 billion FCFA in 2023. At the same time, accounts payable and deposits grew by 28%, reaching CFAF 6,604.5 billion. Net banking income increased by 66%, from 539.1 billion FCFA in 2023 to 896.6 billion FCFA in 2023 to 896.6 billion FCFA

General expenses increased slightly by 2%, reaching 140.1 billion FCFA, while general operating expenses fell by 3% to 228.3 billion FCFA. The BCEAO has strengthened financial strength, supported by a proactive asset management strategy and an adaptation to regional and international economic developments. However, it will need to continue to monitor risks related to financial markets and the macroeconomic environment to maintain this positive momentum