At end 2022, BANK OF AFRICA – COTE D’IVOIRE had 39 branches and employed 483 people. Total customer deposits grew by 18.0% to CFAF 645,297 million.

Customer loans increased by 28.1% over the year to CFAF 383,971 million.

At CFAF 843,299 billion, total assets were up 18.0%. With capital of CFAF 81,726 million before allocation, the Bank has a solvency ratio of 14.7% for a regulatory minimum of 9.5%, a level slightly higher than that of 2021, of 14.3%.

Net Banking Income amounted to CFAF 47,809 million, an increase of 15.1% compared to 2021, with a better contribution from the net banking margin, which rose by 12.6%. General operating overheads, including amortisation, were up 7.1% compared with 2021. Operating ratio fell to 48.5% compared to 52.1% in 2021.

The resulting gross operating profit of CFAF 24,637 million was 23.8% up compared to that of 2021.

The net cost of risk increased sharply due to provisions for certain cases.

Net income grew 20.6% on the previous year to CFAF 20,069 million.

Return on assets and return on equity were up 2.6% and 26.5% respectively, compared with 2.4% and 25.5% in 2021.