BOA-DRC closed the 2022 financial year with a total balance sheet of CDF 804,507 million vs CDF 590,034 million at the end of the previous year, i.e. growth of 36.35%.

This performance was achieved thanks to sound management of credits, which increased by 18.99% from CDF 358 million to CDF 426 million for 2021 and 2022 respectively. The production of depreciable loans is CDF 275,626 million against CDF 233,486 million budgeted, i.e. an achievement rate of 118.05%.

The balance sheet growth is partly attributable to the growth of deposits, which increased by 26.15% from CDF 458,686 million in 2021 to CDF 644,392 million at end 2022. The number of deposit accounts increased by 7.6% to 130,747 accounts, notwithstanding the reorganisation carried out (closure of frozen accounts).

The transformation ratio stood at 66.1%.

Equity on 31 December 2022 was CDF 75,699 million compared to CDF 48,910 million in 2021. This increase is linked in particular to the profit for the 2022 financial year, which stood at CDF 24,284 million.

The average gross yield on loans increased from 13.4% in 2021 to 13.8% in 2022 thanks to improved pricing. This slight growth, combined with controlled resource costs reduced by 0.7%, resulted in an improvement in the net margin from 9.6% to 11.6% in 2022.

The gross loss ratio rate fell to 10.7% at end December 2022 against 12.6% in 2021. The stock of provisions net of reversals has been increased from CDF 32,982 million at the end of 2021 to CDF 32,958 million at the end of 2022.

The income statement reflects a profit of CDF 24,284 million at end 2022, compared to CDF 10,479 million in 2021, a considerable increase of 131.7%.