In a post-covid context marked by the war in Ukraine, which generated strong tensions, particularly on the commodities market and international value chains, BANK OF AFRICA – TOGO proved resilient by maintaining and even improving its indicators and its market position.

The Bank’s performance led to the achievement of the following results :

• Growth of 20.4% and 25.6% respectively in outstanding customer deposits and loans.
• Total assets of CFAF 196,184 billion, up 3.3%.
• Net banking income of CFAF 9,910 million, an improvement of 1.2% compared to 2021 and resulting in an operating ratio of 68.1%.
• Net Income of CFAF 2,420 million, up by 17.6% on the previous year, through control of the cost of risk.
• A return on equity of 16%.

For the coming year, despite macroeconomic uncertainty and growth prospects to be confirmed, the goal is to consolidate the strategy that will enable the bank to strengthen its fundamentals and continue its development. This strategy is based in particular on the financing of SMEs and the growth of digital technology.