The activity report drawn up by the management of the Bank Of Africa (BOA) Senegal mentions that the net income of this banking institution increased by 23% in the first quarter of 2023 compared to the first quarter of 2022.

The net income of Bank Of Africa (BOA) Senegal is a subsidiary of the BOA banking group. The result recorded in the first quarter amounted to 4.042 billion FCFA at 31 March 2023 compared to 3.297 billion FCFA a year earlier. During the period under review, the bank's cost of risk improved compared to the end of December 2022 and stood at -1.2% of outstanding loans. For its part, net banking income increased by 22.3%, rising to 10.331 billion FCFA against 8.449 billion FCFA on March 31, 2022. According to the management of BOA Senegal, GDP is driven by the bank margin, which increased by 18.4%, and the good performance of commissions, which increased by 29.5%