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Find all the economic and financial information on our Orishas Direct application to download on Play StoreCompared to the first half of 2020, the consolidated net income of Oragroup SA recorded a sharp increase of 581% for the first half of 2021. According to the activity report drawn up by the management of this structure. This growth is supported in particular by the good performance in terms of collection of customer resources.
In a period marked by a slowdown in economic activities, due to the Covid, the net result stood at 9.597 billion FCFA against 1.409 billion FCFA as of June 30, 2020. During the period under review, the total balance sheet of the Bank increased by 7% to more than 3,489 billion FCFA. These figures were boosted by the good performance in terms of collection of customer resources with more than 331 billion FCFA of additional deposits, an increase of 16%. Over the first six months of 2021, net banking income (NBI) increased by 21.6% to reach XAF85.8 billion "thanks to the good performance of all lines of income except that of foreign exchange commissions “, according to the group. This notably enabled an improvement in the cost/income ratio, which rose from 69.2% in the first half of 2020 to 63.1% in 2021. These results were somewhat tempered by an increase in the Holding's overheads, which increased by almost 11%. An evolution attributed to the “strengthening of teams and the development of our branch network”, unlike other banking players for the same period, who are rather trying to reduce the airfoil in terms of operating expenses. Oragroup is also pursuing its strategy of continuous support for the economy in which it is present with new commitments of more than 114 billion FCFA over the first half of 2021 against 56 billion over the same period in 2020.
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22/04/2022 - Sociétés
21/04/2022 - Sociétés
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20/04/2022 - Sociétés
20/04/2022 - Sociétés
20/04/2022 - Sociétés
22/04/2022 - Sociétés