Thursday , June 17 2021

The BOA Group will allocate around 59 million



The Bank of Africa Group (BOA), owned by the Moroccan Bank for Foreign Trade (BMCE-Bank), will allocate about 59.4 million euros (39 billion FCFA) to dividends to its shareholders in 2018, compared to 38 billion in the previous year .
This message was made by UEMOA (West African Economic and Monetary Union) regional director, Mamadu Igor Diarra, on the recent presentation in Abidjan of the results of 31 December 2018 of the six. The subsidiary companies of BOA are listed on the Regional Stock Exchange (BRVM).
According to Mr Diarra, "each bank has a distribution schedule", which begins one month after the General Meeting of Shareholders, noting that some subsidiaries have already undergone this exercise and others have to do so in the future. days.
"We will finish the entire distribution before the end of the semester," he said, welcoming "with satisfaction to note that despite the difficult context," the group released results.
Daughter companies are not necessarily in the same boat. Although the site in Cote d'Ivoire is slightly more stable, those of Senegal and Benin, such as the one in Togo, this is not the case for those from Mali, Burkina Faso and Niger, who have been slightly affected by the uncertainty observed. In the area, "continued Diarra.
"But overall, we are very pleased with the performance of our banks, despite the context of increased regulation where banks went under Basel II Basel III and migrated to a revised billing scheme," he added.
The BOA Group wants to further strengthen its resources and jobs in view of the strong potential of small and medium-sized enterprises (SMEs), which are a real lever for growth, and thus create wealth by taking care of all concerns about young people people in different countries.
In this context, "the bank has made a change to offer SMEs in our space not only financial instruments, but also tools (digitization) to manage these relationships with our banks" from the office or through a smartphone, "he explained.
The banking sector is "very dynamic and we are very happy to be an avant-garde," said Mamadou Igor Diarra, who noted the support of BMCE Bank, a majority shareholder and a third bank in Morocco.
"This is a genuine South-South cooperation whose benefits and consequences are being observed in our various banking centers," he said, noting that the Bank of Africa Group also wants to make financial communication in the WAEMU area one of its challenges.
The group is already present in 18 countries on the continent, including eight in West Africa, eight in East Africa and the Indian Ocean, the DRC and France.

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