Bank of Africa - Benin SA (BRVM:BOAB)

Bank of Africa - Benin Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	53,500	52,396	51,853	52,310	57,632
Total Interest Income	53,500	52,396	51,853	52,310	57,632
Interest Paid on Deposits	22,610	20,522	18,934	19,619	22,713
Total Interest Expense	22,610	20,522	18,934	19,619	22,713
Net Interest Income	30,890	31,875	32,919	32,691	34,919
Net Interest Income Growth (YoY)	-3.09%	-3.17%	0.69%	-6.38%	12.87%
Income From Trading Activities	1,244	1,345	1,381	1,336	1,344
Gain (Loss) on Sale of Assets	463.01	1,061	-985.56	-2,478	93.16
Other Non-Interest Income	14,392	14,613	12,113	11,232	9,024
Total Non-Interest Income	16,099	17,019	12,509	10,090	10,461
Non-Interest Income Growth (YoY)	-5.40%	36.05%	23.97%	-3.55%	0%
Revenues Before Loan Losses	46,990	48,894	45,427	42,781	45,379
Provision for Loan Losses	124.26	-705.52	-3,668	-611.26	5,486
Revenue	46,865	49,599	49,095	43,393	39,894
Revenue Growth (YoY)	-5.51%	1.03%	13.14%	8.77%	3.41%
Occupancy Expenses	2,577	2,615	3,626	3,808	2,898
Selling, General & Administrative	22,370	22,910	23,258	21,656	22,932
Total Non-Interest Expense	24,947	25,525	26,884	25,464	25,830
EBT Excluding Unusual Items	21,919	24,074	22,211	17,929	14,063
Pretax Income	21,919	24,074	22,211	17,929	14,063
Income Tax Expense	2,271	2,545	3,068	1,265	751.04
Net Income	19,647	21,529	19,143	16,664	13,312
Net Income to Common	19,647	21,529	19,143	16,664	13,312
Net Income Growth	-8.74%	12.46%	14.88%	25.18%	-11.26%
Basic Shares Outstanding	-	-	-	-	41
Diluted Shares Outstanding	-	-	-	-	41
Shares Change (YoY)	-	-	-	-	0.10%
EPS (Basic)	-	-	-	-	328.00
EPS (Diluted)	-	-	-	-	328.00
EPS Growth	-	-	-	-	-11.35%
Dividend Per Share	492.632	371.500	330.000	287.500	229.500
Dividend Growth	32.61%	12.58%	14.78%	25.27%	-
Effective Tax Rate	10.36%	10.57%	13.81%	7.05%	5.34%

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.