Leader of the local market, BOA Benin recorded, at the end of the third quarter of 2020, a net profit of 12 billion FCFA (about 21.5 million USD) against 11 billion in the same period of the previous year, an increase of 9%.

In the first half of the year, net income was up 1.56%, from 7.957 billion CFA francs at 30 June 2019 to 8.081 billion at 30 June 2020. This, in a context marked by the Covid-19 pandemic in the face of which the bank had announced that it had set up "a forecasting model".

At the end of the first nine months, net income – which represents 80% of the annual result presented by the bank in 2019 – is not the only indicator on the rise. Net banking income (GNP) stood at CFAF 34.6 billion compared to CFAF 30.3 billion in 2019, up 14%. Direct commitments to customers also increased by 7.7% to CFAF 449.4 billion.

" BOA Benin remains the leader of the Beninese banking market, with market shares of 25.7% for deposits, and 28% for loans ," says the subsidiary of the Bank Of Africa group located in 18 countries, including 8 in West Africa, and 8 in East Africa and the Indian Ocean.