The Development Bank of Mali (BDM-SA), a subsidiary of the Moroccan group BMCE Bank, announced for 2017, a profit of nearly 13 billion FCFA (24.57 million dollars) against a forecast of 10.824 billion FCFA (20 , $ 45 million), following the 63rd session of the Board of Directors, Saturday, April 7, in Bamako.
Considered as one of the largest financial institutions in the country, BDM-SA posted a net banking income of 34.63 billion FCFA in 2017, against 33.889 billion CFA expected, an implementation rate of 102 pc.
Client deposits reached more than CFAF 462 billion in 2017, and total direct credits to the economy are estimated at nearly CFAF 355 billion.
In addition, the bank was able to mobilize CFAF 135 billion to finance the 2016/2017 cotton campaign and contribute to the financing of social housing programs, SMEs and SMIs.
According to the chairman of the board, Ahmed Mohamed Ag Hamani, this result shows that the bank has consolidated its leading position in the Malian banking system through the performance achieved and presented, despite the poor economic conditions observed in 2017.
For him, the current year marks the beginning of the new medium-term development plan (2018-2022), which defines the main strategic axes of development of the BDM-SA group’s business.
