Our Key Figures

Key Figures (In GHS milion)

Text area to describe key figures. Assets, Branches, etc

Activity

2019

2020

Variation

Deposits

1,084

1,200

10.7%

Loans

726

745

2.7%

Number of branches at the end of the financial year

0.0%

Structure

2019

2020

Variation

Total Assets

2,048

2,057

0.4%

Shareholders’ equity

596

645

8.3.%

Average number of employees

349

346

-0.9%

Capital Adequacy Ratio

2019

2020

Tier 1

518

571

Tier 2

Risk Weighted Asset (RWA)

1,274

1,448

Tier 1 + Tier 2 / RWA (%)

40.7%

39.4%

Income

2019

2020

Variation

Net Operating income

217

236

8.8%

Operating expenses (including depreciation and amortization)

107

113

5.6%

Gross operating profit

110

123

11.8%

Cost of risk (in value) (*)

14.0%

Operating ratio (%)

49.3%

47.9%

Cost of risk (%)

3.2.%

3.2%

Return on Assets (ROA %)

3.9%

3.1%

Return on Equity

18.4%

11.8%

(*) Including general provision

Annual Report

2019 Financial Statements BOA-GHANA

Our Bank performed and recorded significant growth in profitability to the tune of GH¢ 64.7 million in 2019 relative to GH¢ 24.57 million in 2018, this was driven by additional

capital and efficient utilisation of our Bank’s balance sheet.

Net interest income for the year 2019 which increased by 53.4%, from GH¢ 95.2 million in 2018 to GH¢ 146.05 million. We achieved this, through our strategic decision to focus on SME and Corporate value chain.

We showed a strong performance on our foreign exchange income in addition to other trading income, increasing from GH¢ 29.3million in 2018 to GH¢ 43.6 million in 2019 due to efficient synergies between Treasury and the other Business Units.

Our Total Operating Cost increased from GHS 93.1 million in 2018 to GH¢ 107 million in 2019, representing a growth of 15%. We managed to mitigate the impact on our operating cost through stringent cost-containment measures.