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Bank of Africa Niger: 2022 Report

19/04/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The BANK OF AFRICA group in Niger marked 2022 by the launch of a new Triennial Plan (2022 - 2024), which began in a difficult context. Given the various adverse factors and strengths of the country, the challenge of BOA Niger was to reorganize debt service to 39% of more sustainable levels

.

In 2022, BOA Niger signed a partnership agreement with PIMELAN for the financing of agricultural value chains. It has enriched the range of products for Individuals and the digital offer to facilitate the BOA “TRADE EXPRESS” inter-country trade. The financial institution had a total balance sheet of 356 billion 378 million FCFA in 2021 compared to 357,509 million FCFA in 2022, an increase of 0.3% in terms of main financial indicators between 2021 and 2022. There was thus an increase of 5.3% in equity with 41,969 million FCFA in 2021 compared with 44,173 million FCFA in

2022.

In 2021, banking income fell slightly by 1.5%, a figure of 24,995 million FCFA, compared with 24,624 million FCFA in 2022. On the other hand, the bank's net income increased by 7.8% with 9,397 million FCFA in 2021 and 10,134 million FCFA for the year 2022. Noted that BOA Niger is number 2 in terms of deposits and loans.

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