The Ordinary General Meeting of BGFI Holding Corporation was held on Monday, June 17, 2019 at the headquarters in Libreville, under the chairmanship of Mr. Henri Claude OYIMA. At the opening of the meeting, Mr. OYIMA presented the report of management of the BGFIBank Group’s activities as well as its financial performance for the year ended December 31, 2018. As a result of this general meeting, the BGFIBank Group consolidated its leading position in the sub-region.
Despite a contrasting economic environment and an increasingly demanding legal and regulatory environment, the BGFIBank Group has managed to maintain its gains by achieving controlled and profitable growth with a total balance sheet of CFAF 3 137 billion, an increase of 5% 2017 fiscal year in line with the objectives set out in the “Excellence 2020” Business Plan. BGFIBank Group continued the momentum of strengthening the equity of its subsidiaries with a net position of CFAF 375 billion, an increase of 7%. % compared to the previous year.
The BGFIBank Group’s activity was characterized by an increase in customer deposits of 5% to CFAF 2.170 billion, on the one hand, and an increase in customer loans of 4% for increase to CFAF 2 123 billion compared to the previous year, on the other hand. Through this level of activity, the BGFIBank Group confirms its status as a major player in the financing of African economies.
In terms of operations, the BGFIBank Group posted a net banking income of FCFA 205 billion, stable compared to the 2017 fiscal year. Thanks to its good control over general expenses as well as its cost of risk, the BGFIBank Group has closed the year 2018 with a net result of CFAF 30.5 billion, an increase of 6% compared to the previous financial year. The general meeting approved all the resolutions proposed by the Board of Directors, including:
The payment of a gross dividend per share of FCFA 5,500 representing a total amount of FCFA 8, 654 billion. The appointment of Mrs. Evelyne TALL and Kristine NGIRIYE, Mr. Emile DOUMBA as independent directors to strengthen the governance of BGFI Holding Corporation, on the one hand, and to comply with the regulatory requirements of Basel II and Basel III, on the other.
The Board of Directors is now composed of 10 directors, including 6 independent directors, 3 non-executive directors and 1 executive director.
The BGFIBank Group is resolutely pursuing the implementation of its Excellence 2020 business project.
