The net banking income (NBI) of Bank Of Africa (BOA) Niger, a subsidiary of BMCE Bank group, recorded an increase of 7.55% at the end of the first quarter of 2021 compared to the first quarter of 2020, announced the leaders of this banking establishment based in Niamey.
This NBI stood at FCFA 5.781 billion against FCFA 5.375 billion as of March 31, 2020. This change is caused by the 29.14% increase in the margin on commission which stood at FCFA 2.056 billion against 1.592 billion. FCFA a year ago.
During the period under review, the bank kept its overheads under control, which fell by 1.33% to 2.867 billion FCFA against 2.906 billion FCFA as of March 31, 2020. As for gross operating income, it is on the rise. by 16.50% with an output rising from 2.500 billion FCFA in the first quarter of 2020 to 2.913 billion FCFA a year later.
On the other hand, the cost of risk has strongly evolved, standing at 163.23 million FCFA against 5.98 million FCFA on March 31, 2020. For its part, the pre-tax profit stood at 2.750 billion FCFA against 2.494 billion FCFA a year later (+ 10.24%). Net income, for its part, increased by 8.90%, standing at 2.313 billion FCFA during the period under review against 2.124 billion FCFA in the first quarter of 2020.