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2020 Financial Report

BANK OF AFRICA – SENEGAL (BOA-SENEGAL) has evolved in 2020 in a context of unprecedented health crisis, combined with a lively competitive environment with 29 establishments active in the Senegalese market.

The Bank maintains its second ranking in terms of banking network, with 59 branches including 30 branches and 2 business centres in Dakar and 27 in the regions.

Net customer employment increased by 4.6% to 279,572 million CFA francs at 31 December 2020. Customer deposit-taking activity is progressing favourably with an increase of 9.0% to 373,182 million CFA francs at year-end 2020, compared to 342,477 million CFA francs a year earlier.

Net Banking Income (NBI) was stable at 29,997 million CFA francs at the end of December 2020, compared to 30,102 million at the end of 2019.

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