The net income of the Bank Of Africa (BOA) Mali, a subsidiary of the BMCE Bank group, experienced a sharp decline of 52% in the third quarter of 2021 compared to the same period of 2020, announced the managers of this Bamako-based banking establishment.
This result fell from 5.787 billion FCFA as of September 30, 2020 to 2.764 billion FCFA as of September 30, 2021, i.e. a decrease of 3.023 billion FCFA. According to the leaders of BOA Mali, this decrease is due to non-recurring products made at the end of the first half of 2020.
As for the net banking income, it increased by 6% to 25.646 billion FCFA against 24.205 billion FCFA as of September 30, 2020. This increase was achieved mainly on the banking margin.
Gross operating income also showed an increase of 4%, going from 9.622 billion FCFA in the third quarter of 2020 to 10.007 billion FCFA a year later.
In contrast, pre-tax income fell by 49%, standing at 3.064 billion FCFA against 6.063 billion FCFA in the third quarter of 2020.