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Bank Of Africa: The Nigerian subsidiary announces an increase in its net income

12/10/2021
Categories: Companies

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The net income of Bank Of Africa (BOA) Niger would increase by 62.59% in the first half of 2021. According to the managers of the company based in Niamey, this increase is driven by the 29.38% increase in commissions. and miscellaneous which went from 3.588 billion FCFA in June 2020 to 4.642 billion FCFA as of June 30, 2021.

The result stood at 7.421 billion FCFA as of June 30, 2021 against 3.323 billion FCFA a year earlier, an increase of 2.080 billion FCFA. For its part, the net banking income increased by 11% to 24.254 billion FCFA while it stood at 11.135 billion FCFA in the first half of 2020. As for the gross operating result, it recorded an increase of 18 % to 12.389 billion FCFA against 5.603 billion FCFA in the first half of 2020. BOA Niger's cost of risk increased by 91.92%, from 1.635 billion FCFA as of June 30, 2020 to 3.756 billion FCFA as of June 30, 2020. June 2021. Pre-tax income increased by 62% to 8.633 billion FCFA against 3.999 billion FCFA in the first half of 2020.

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