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Mid-term review: a net result down by 14.34%, posted by BOA Niger in the third quarter of 2022

25/11/2022
Categories: Companies

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At the end of the third half of 2022, the banking institution BOA Niger posted a net profit drop of 14.34% compared to the third quarter of 2021.

The quarterly results of activities of BOA Niger highlighted a result of 7.561 billion FCFA compared to 8.827 billion FCFA on September 30, 2021. In fact, this decline is the consequence of the 12.25% drop in pre-tax income to 9.029 billion FCFA francs. With regard to net banking income (GNP), a slight contraction of 1.37%, from 18.368 billion FCFA francs on 30 September 2021 to 18.116 billion FCFA a year later, linked to the contraction of 12.41% of outstanding loans. At 172.104 billion FCFA compared to 206.852 billion FCFA in December 2021.

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