Key Figures

Key Figures BOA Ghana 2016 (In GHS)

 

                                                           Activity

  2015 2016 Yearly Growth % (*)

Deposits

626

680

8,7 %

Loans

387

447

15,4 %

Number of branches at the end of the financial year

23

26

13 %

 

 

                                                           Structure

  2015 2016 Yearly Growth % (*)

Total Assets

1 147

1 144

- 0,2 %

Shareholders’ equity

139

164

18,3 %

Average number of employees

384

398

3,6 %

 

                                                               Capital Adequacy Ratio

                                                        

  2015 2016

Tier 1

120

127

Tier 2

-

-

Risk Weighted Asset (RWA)

518

716

Tier 1 + Tier 2 / RWA (%)

23.3 %

17,7 %
 
 

 

                                                            Income
 

 

2015

2016

Yearly Growth % (*)

Net operating income

131

112

-14,4 %

Operating expenses

62

76

22,4 %

Gross operating profit

70

36

- 47,5 %

Cost of risk (in value) (**)

30

11

- 62,3 %

Net income

28

24

-12,2 %

Operating ratio (%)

47.4 %

67,7 %

 

Cost of risk (%)

8.1 %

2,7 %

 

Return on Assets (ROA %)

2,7 %

2,1 %

 

Rentabilité des fonds propres  30 % 21 %  

(*) y compris fonds pour risques bancaires généraux

Annual Report

BOA-GHANA 2016 Financial Statements

Income Statement Analysis

Most of our activities in 2016 were primarily focused on achieving our goal of creating value for all stakeholders.

To this end, we recorded a profit after tax of GH¢ 24.2 million.

Net interest income for the year stood at GH¢ 112.4 million relative to GH¢ 84.4 million in 2015, representing a 33% growth.

This achievement was driven by aggressively growing our Public sector loans and maintaining the efficiency of our balance sheet evolution with 80% being earning assets.