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

In the first half of the year, net income increased by 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 announced that it had put in place “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 that has increased. Net banking income (GNP) stood at 34.6 billion FCFA compared to 30.3 billion in 2019, up 14%. Direct customer commitments also increased by 7.7% to 449.4 billion

“BOA Benin remains the leader in 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 established in 18 countries, including 8 in West Africa, and 8 in East Africa and the Indian Ocean.