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Return on investment: BOA-BENIN plans to distribute a dividend of 468 FCFA to its shareholders

03/06/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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A notice published by the Bourse Régionale des Valeurs Mobilières (BRVM) indicates that the Bank of Africa-Benin (BOA-Benin) is preparing to reward its shareholders with a substantial dividend of 468 FCFA net per share for the fiscal year 2024.

This payment takes place on Tuesday, June 3, 2025, while the stock was listed ex-dividend on Friday, May 30, 2025. The announcement came in a context where the banking institution presented mixed results for the first quarter of 2025. While Net Banking Income (GNP) showed an encouraging increase of 2% compared to the same period of the previous year, reaching 11.08 billion FCFA, net income, for its part, fell by 8%, to 4.45 billion FCFA compared to 4.84 billion FCFA in the first quarter of

2024.

The management of BOA-Benin highlights a significant 8% improvement in the interest margin, a traditional pillar of banking profitability. This performance is explained by a double favorable dynamic, in particular an increase of 2% in interest income generated by customer loans and a substantial reduction of 12% in the overall cost of resources.

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