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Bank of Africa: the six subsidiaries listed on the BRVM recorded positive growth in 2022

03/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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A la fin de l' exercice 2022, le Groupe Bank of Africa consolidates its good financial health, despite the context of the global economic crisis caused by the Covid-19 pandemic and the war in Ukraine.

The six Bank of Africa subsidiaries listed on the Regional Securities Exchange (Bookman Old Style”, "Serif">BRVM ) together achieved positive growth in loans and deposits, and a 20% jump in earnings growth. The data provided by the Group's authorities mention that the cumulative profit growth of the six Boas listed on the Regional Securities Exchange (BRVM ) jumped by 20% between 2021 and 2022 and amounts to 92.9 billion CFA francs. Thus, the financial institution maintained the high level of dividend at 53.5 billion CFA francs gross, an increase of 23% compared to last year and the dividend yield increased from 8.5% to 16.2%

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According to Abderrazzak Zebdani, Deputy CEO of the Group, during an online press conference on Wednesday 12 April last, “for the first time, for the first time, the Bank exceeded a total balance sheet of 10 billion euros with a growth of 9% compared to last year. Total deposits also crossed the threshold of 7.7 billion euros with an increase of 10% and total credit exceeded 5 billion euros in loans, an increase of 12%... ”.

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