Bank of Africa - Benin Income Statement

Financials in millions XOF. Fiscal year is January - December.

Millions XOF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	-	53,501	52,397	51,853	52,310	57,632
Total Interest Income	-	53,501	52,397	51,853	52,310	57,632
Interest Paid on Deposits	-	18,107	16,626	18,934	19,619	22,713
Interest Paid on Borrowings	-	4,503	3,896	-	-	-
Total Interest Expense	-	22,610	20,522	18,934	19,619	22,713
Net Interest Income	32,262	30,891	31,875	32,919	32,691	34,919
Net Interest Income Growth (YoY)	3.84%	-3.09%	-3.17%	0.69%	-6.38%	12.87%
Income From Trading Activities	1,244	1,244	1,345	1,381	1,336	1,344
Gain (Loss) on Sale of Assets	463	463	1,061	-985.56	-2,478	93.16
Gain (Loss) on Sale of Investments	1,496	1,496	1,607	-	-	-
Other Non-Interest Income	12,895	12,895	13,006	12,113	11,232	9,024
Total Non-Interest Income	16,098	16,098	17,019	12,509	10,090	10,461
Non-Interest Income Growth (YoY)	-5.41%	-5.41%	36.06%	23.97%	-3.55%	0%
Revenues Before Loan Losses	48,360	46,989	48,894	45,427	42,781	45,379
Provision for Loan Losses	1,454	124	-706	-3,668	-611.26	5,486
Revenue	46,906	46,865	49,600	49,095	43,393	39,894
Revenue Growth (YoY)	-0.29%	-5.51%	1.03%	13.14%	8.77%	3.41%
Salaries and Employee Benefits	11,429	11,429	11,729	-	-	-
Occupancy Expenses	2,577	2,577	2,615	3,626	3,808	2,898
Selling, General & Administrative	10,940	10,940	11,182	23,258	21,656	22,932
Other Non-Interest Expense	-123	1	-	-	-	-
Total Non-Interest Expense	24,823	24,947	25,526	26,884	25,464	25,830
EBT Excluding Unusual Items	22,083	21,918	24,074	22,211	17,929	14,063
Other Unusual Items	-255	-	-	-	-	-
Pretax Income	21,828	21,918	24,074	22,211	17,929	14,063
Income Tax Expense	2,099	2,271	2,545	3,068	1,265	751.04
Net Income	19,729	19,647	21,529	19,143	16,664	13,312
Net Income to Common	19,729	19,647	21,529	19,143	16,664	13,312
Net Income Growth	-0.97%	-8.74%	12.46%	14.88%	25.18%	-11.26%
Basic Shares Outstanding	-	41	41	-	-	41
Diluted Shares Outstanding	-	41	41	-	-	41
Shares Change (YoY)	-	0.12%	-	-	-	0.10%
EPS (Basic)	-	484.00	531.00	-	-	328.00
EPS (Diluted)	-	484.00	531.00	-	-	328.00
EPS Growth	-	-8.85%	-	-	-	-11.35%
Dividend Per Share	-	492.632	372.000	330.000	287.500	229.500
Dividend Growth	-	32.43%	12.73%	14.78%	25.27%	-
Effective Tax Rate	9.62%	10.36%	10.57%	13.81%	7.05%	5.34%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.