The Beninese subsidiary of the banking group Bank Of Africa (BOA) saw its net banking income (NBI) down by 708 million FCFA (1.062 million euros) at the end of the first half of 2021 compared to the same period of the year. 2020.

The leaders of BOA Benin announced that the bank's NBI fell from 22.950 billion FCFA on June 30, 2020 to 22.242 billion FCFA a year later, a decline of 3.08%. Net outstanding customer receivables fell by 4.3% over the half-year under review, with a level of budget execution of 94%. Despite this decline, BOA Benin officials are of the opinion that their establishment still maintains its first place with 23% market share. As of June 30, 202a, BOA Benin collected CFAF 639 billion in deposits (+4.2%) from its customers.

During the period under review, the overheads of BOA Benin fell by 3.83% to 11.029 billion FCFA against 11.468 billion FCFA a year earlier. For its part, the gross operating result showed a drop of 2.33%, from 11.481 billion FCFA as of June 30, 2020 to 11.213 billion FCFA as of June 30, 2021. The net result increased by 12.04% , from 8.081 billion FCFA as of June 30, 2020 to 9.054 billion FCFA as of June 30, 2021.