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

2018 Financial statement BOA-GHANA

Our Bank recorded a profit after tax of GHS 24.6 million in 2018, through prudent and efficient use of the balance sheet. Net interest income for the year 2018 increased by 31%, from GHS 72.8 million in 2017 to GHS 95.2 million. We achieved this, through our strategic decision to focus on retail and SME loans. Our Fees and Commissions dipped slightly from GHS 19.2 million in 2017 to GHS 18.1 million in 2018 representing a 5% change. Risk elevation within the major sectors of offbalance sheet activities made us tread cautiously in LC and Guarantee books. We showed a strong performance on our foreign exchange income in addition to other trading income, increasing from GHS 26.9million in 2017 to GHS 29.3 million in 2018 Our Total Operating Cost increased from GHS 80.1 million in 2017 to GHS 93.1 million in 2018, representing a growth of 16%. The cost of digitization of the bank’s processes, products and services as well as adverse economic variables impacted on our operating cost.