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Bank of africa: Consolidated net profit of €102.7 million

29/04/2021
Categories: Economy/Forex

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The BANK OF AFRICA Group presented on Tuesday, April 20, 2021 through a webinar, the results as of December 31, 2020 of its 6 subsidiaries listed on the Regional Stock Exchange (BRVM) of Abidjan. At 31 December 2020, the BOA Group reported a consolidated net profit of €102.7 million.

This webinar allowed the BOA Group officials to educate the participants on the results of the 6 Bank Of Africa listed on the BRVM namely, BOA-BENIN, BOA-NIGER, BOA-CÔTE D'IVOIRE, BOA-BURKINA FASO, BOA-SENEGAL and BOA-MALI. The objective of this meeting is both to deliver quality, reliable and transparent financial communication, and to work pedagogically for a better knowledge of BOA securities on the markets as well as its figures.

As a result, the BOA Group now has more than 6,000 employees, at 31 December 2020, it has a consolidated balance sheet total of €8.7 billion and recorded a consolidated net profit of €102.7 million at that date, including €65.7 million group share. For the Group's Deputy Chief Executive Officer, Abderrazzak Zebdani, bank of africa has seen a performance and dynamism in the banking sector, despite the advent of COVID-19, which has tested the entire world.

As a reminder, the BANK OF AFRICA Group is now established in 18 countries, including 8 in West Africa (Benin, Burkina Faso, Côte d'Ivoire, Ghana, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Tanzania, Rwanda), in the Democratic Republic of Congo, as well as in France.

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