According to them, Bank Of Africa Senegal continues its strategic development, maintaining its position in the Senegalese market. Total outstanding loans increased 2.5%, driven by interbank lending. In contrast to jobs, the total fund balance is below 100 basis points. However, Bank Of Senegal maintains its market shares with 6.2% for jobs and 8.1% for resources.
Net banking income (GNP) decreased 2% due to the contraction of credit. Structure costs (personnel expenses, direct operating expenses and net depreciation) increased by 40.8% in the first half of 2018 with the development of the banking network (17 branches between 2017 and 2018).
Gross operating revenue fell 27.1%. However, the bank still maintains its profitability with a 23.4% increase in net income.
With this level of profit, the net margin ratio, which is the ratio of net profit to net profit, increased by 6.6% to 31.9% at the end of June 2018 compared to 25.8%. a year earlier.
In other words, with the cost of risk in value posting a clear improvement, as a result of the bank's recovery efforts, Bank of Africa Senegal manages to retain 31.9% of GDP.
Adou Faye Lejecos