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Central bank: Fall in the net result of the Bceao in 2021

07/04/2022
Categories: Companies

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At the end of 2021, the net income of the Central Bank of West African States (Bceao) fell by 20%. This situation was justified by the decrease in proceeds from refinancing as part of the post-Covid economic recovery in the Uemoa States.

According to the financial statements for the financial year ended December 31, 2021, the BCEAO recorded a 20% drop in its net income in 2021. This result is down by CFAF 13.923 billion, representing a decrease of 20% compared to that of 2020 which was estimated at 69.238 billion F Cfa. Indeed, the balance sheet shows 243.591 billion F Cfa of net income against 188.276 billion F Cfa of general operating expenses.

Total assets (assets, receivables, financial investments, real estate) amounted to FCfa 25.034 billion against FCfa 20.961 billion at the end of 2020, an increase of 19%. As for liabilities (banknotes and coins in circulation, accounts payable and deposits, transfers, miscellaneous commitments), they are around 22.126 billion F Cfa at the end of 2021 against 18.163 billion F Cfa in 2020, i.e. an increase of 22%. The balance of equity at December 31, 2021 amounted to 2.908 billion FCfa against 2.798 billion at the end of December 2020.

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