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Bank Of Africa: 58.5 % of profit increase in 2014

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The year 2014 favorably ended for the BOA (Bank Of Africa). The banking group indicated having realized a 90 million euro consolidated net profit, a 58.5 % increase with regard to the previous exercise.

The banking group mainly detained by the Moroccan bank, BMCE Bank, innovates in the African countries (Benin, Burkina Faso, Ghana, Ivory Coast, Mali, Niger, Senegal and Togo) where it is established by facilitating the credit access to its customers.

In Togo, the bank has just launched a campaign called « Consumer Credit » that offers consumer credits (at a 7.25 % rate over 7 years) to its customers.

A total of 3.1 billion euros credits were allocated to customers in 2014 against 5 billion euros in 2013.

According to a communiqué published on 13th March 2015, the deposits of the customers moved from 3.5 billion euros in 2013 to 4 billion euros in 2014.


Original text by: Roger ADZAFO

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