Bank of Africa - Côte D'ivoire (BRVM:BOAC)

BRVM:BOAC 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	37,550	50,326	40,161	36,292	37,466
Interest Income on Investments	18,221	-	-	-	-
Total Interest Income	55,771	50,326	40,161	36,292	37,466
Interest Paid on Deposits	12,414	14,375	11,392	10,717	11,500
Interest Paid on Borrowings	4,272	-	-	-	-
Total Interest Expense	16,686	14,375	11,392	10,717	11,500
Net Interest Income	39,085	35,951	28,769	25,575	25,966
Net Interest Income Growth (YoY)	8.72%	24.96%	12.49%	-1.51%	23.35%
Income From Trading Activities	-	-	-	-	2,044
Gain (Loss) on Sale of Assets	39	-343	-71	-2,316	3
Gain (Loss) on Sale of Investments	-78	-	-	-	238
Other Non-Interest Income	33,716	24,860	19,041	15,970	12,564
Total Non-Interest Income	33,677	24,517	18,970	13,654	14,849
Non-Interest Income Growth (YoY)	37.36%	29.24%	38.93%	-8.05%	3.52%
Revenues Before Loan Losses	72,762	60,468	47,739	39,229	40,815
Provision for Loan Losses	6,791	4,824	2,737	42	5,729
Revenue	65,971	55,644	45,002	39,187	35,086
Revenue Growth (YoY)	18.56%	23.65%	14.84%	11.69%	3.39%
Salaries and Employee Benefits	13,169	-	-	-	-
Occupancy Expenses	1,605	1,822	1,850	1,799	1,891
Selling, General & Administrative	11,935	-	-	-	-
Other Non-Interest Expense	1	23,147	21,323	19,842	18,944
Total Non-Interest Expense	26,710	24,969	23,173	21,641	20,835
EBT Excluding Unusual Items	39,261	30,675	21,829	17,546	14,251
Pretax Income	39,261	30,675	21,829	17,546	14,251
Income Tax Expense	7,217	4,600	1,760	908	35
Net Income	32,044	26,075	20,069	16,638	14,216
Net Income to Common	32,044	26,075	20,069	16,638	14,216
Net Income Growth	22.89%	29.93%	20.62%	17.04%	-1.15%
Basic Shares Outstanding	40	40	40	40	40
Diluted Shares Outstanding	40	40	40	40	40
Shares Change (YoY)	0.01%	-0.04%	0.06%	-0.01%	-
EPS (Basic)	801.00	651.88	501.50	416.00	355.40
EPS (Diluted)	801.00	651.88	501.50	416.00	355.40
EPS Growth	22.88%	29.98%	20.55%	17.05%	-
Dividend Per Share	521.111	380.000	300.000	-	175.000
Dividend Growth	37.13%	26.67%	-	-	-
Effective Tax Rate	18.38%	15.00%	8.06%	5.17%	0.25%

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