Burkina Faso, Business, Top News

Ecobank-Burkina: more than 600 billion FCFA brought out in 2014

panafrique

The Burkinabe subsidiary of the Pan-African bank, Ecobank, realized a Total balance sheet of more than 600 billion FCFA in 2014, got APA from the managing staff of the financial institution.

This total balance sheet thus underwent a progress these recent years, moving from 433 billion FCFA in 2012 to 528 billion FCFA in 2013.

The deposit is increasing by 14 %, the credit distributed to the clientele by 9 % and the profit before tax by 7 %.

With more than 250 000 customers and about forty agencies, the bank established in Burkina Faso since 1996, is on the rise. For 2015, it plans to set up 25 automatic teller machines in partnership with the companies of lubricants.

In 2008, the Ecobank group bought back the agricultural and commercial Bank of Burkina (BACB) at the level of 90 % of the capital or 8,5 billion FCFA. This operation allowed Ecobank-Burkina to become the first bank in Burkina Faso, while it previously stood in the 4th position.

 

Original text by: Blaise AKAME

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