The Nigerian subsidiary of the Moroccan banking group Bank of Africa (BOA), posted for the first quarter of 2018 an increase of 9.8% of its estimated profit to 2,239 billion FCFA (4,08 million dollars), against 2,039 billion FCFA ($ 3.71 million) as at March 31, 2017, an increase of 200.3 million CFA francs in absolute terms.
Net banking income rose by 5.9% to CFAF 5,002 billion against CFAF 4,724 billion in the same period of 2017.
Outstanding customer loans amounted to 177.169 billion CFA francs in the period under review, compared to 166.257 billion CFA francs a year earlier (plus 6.6%).
For its part, outstanding customer resources rose 3.2% to 148.945 billion FCFA against 144.375 billion FCFA a year earlier.
Finally, the pre-tax income of the bank rose sharply by 20.3% to CFAF 2.724 billion against CFAF 2.264 billion at March 31, 2017.
