Key Figures

Key Figures  (In GHS milion)

 

                                                           Activity

  2016 2017 Variation

Deposits

 680 884

30.2%

Loans

 447 495

10.7%

Number of branches at the end of the financial year

 26 26

0.0%
 

 

                                                           Structure

  2016 2017 Variation

Total Assets

1,144

 1,343

17.4%

Shareholders’ equity

163

 188

15.3%

Average number of employees

398

 356

-10.6%

 

                                                               Capital Adequacy Ratio                                                      

  2016 2017

Tier 1

 127 149

Tier 2

 - -

Risk Weighted Asset (RWA)

 716 876

Tier 1 + Tier 2 / RWA (%)

 17.7% 17.0%
 
 

 

                                                            Income

 

 2016 2017

Variation

Net operating income

 112 122

9.0 %

Operating expenses

 76 80

22.4%

Gross operating profit

 36 42

16.7%

Cost of risk (in value) (**)

 11 9 -21.3%

Net income

 24 24

-1 %

Operating ratio (%)

 67.7% 65.6%

 

Cost of risk (%)

 2.7% 1.8%

 

Return on Assets (ROA %)

 2.1% 1.9%

 
Rentabilité des fonds propres  21.0% 18.2%  

(*) y compris fonds pour risques bancaires généraux

Annual Report

2017 FINANCIAL STATEMENT

BANK OF AFRICA - GHANA (BOA-GHANA) recorded a net profit of GH¢ 23.92 million in 2017. The Bank saw its Banking Net profit increasing by 9%, passing from GH¢ 112 million in 2016 to GH¢ 122.1 million at the end of 2017. This figure suits to the growth strategy of the productive asset which consists in increasing the number of loans granted to the retail banking customers.
In a less favorable economic environment, the products of commissions declined by 6.7%, passing to GH¢ 19.2 million from GH¢ 20.5 million in 2016.

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