The West African Development Bank (BOAD) announced a net profit equivalent to $36.4 million for the first half of 2021. An almost stable level of performance, compared to that of the same period in 2020 (20.4 billion dollars). FCFA).

BOAD announced for the first half of 2021, a net profit of 20.6 billion FCFA, the equivalent of $36.4 million. Despite growth in interest income, other income was 8.7 billion FCFA, down compared to the same period in 2020 (10.5 billion FCFA). This is due to exchange losses, both actual and potential, which reached at the accounting level, the value of 60.34 billion FCFA. They could not be offset by other accounting gains, worth 69 billion FCFA. Over the first 6 months of 2021, BOAD's outstanding investments in debt securities jumped, reaching 399 billion FCFA. However, this envelope, up 19% compared to its level in June 2020, should bring in 7.5 billion in interest, or 13.1% less over the periods compared.