Contrary to the 2024 financial year where they received a net dividend per share of 209.25 CFA francs (0.376 dollars), shareholders of Bank Of Africa (BOA) Niger, a member of the BOA banking group, will be deprived of dividends for the 2025 financial year due to the difficult financial situation of this bank based in Niamey.
According to one of the resolutions that will be presented by the Board of Directors at the Ordinary General Meeting (OGM) of shareholders on April 3, 2026, the financial year ending on December 31, 2025 resulted in a net profit of 409.269 million CFA francs (compared to 5.002 billion CFA francs as of December 31, 2024) after payment of profit tax of 773.709 million CFA francs. The Board proposed to allocate this net profit to the Retained Earnings account with a debit balance of -1.821 billion CFA francs. This results in a new debit balance of -1.411 billion CFA francs for the 2025 financial year.
The net equity position as of December 31, 2025 for BOA Niger stands at 36.064 billion CFA francs (compared to 42.156 billion CFA francs in 2024) including a share capital of 20.800 billion, special reserves of 15.740 billion, other regulated reserves of 188.432 million, optional reserves of 747.078 million, and a retained earnings balance of -1.411 billion.
According to the Board of Directors’ report at the OGM on April 3, 2026, the total balance sheet of BOA Niger decreased by 10%, from 322 billion CFA francs in 2024 to 292 billion CFA francs a year later. The Board explained this decrease as being due to “a context of decreased activity.”
As of December 31, 2025, customer loans decreased by 21% to 128.447 billion CFA francs compared to 162.488 billion CFA francs in 2024. Customer deposits increased by 7.2% to 183.280 billion CFA francs compared to 171 billion CFA francs in 2024. Net banking income increased by 3.1%, reaching 14.120 billion CFA francs compared to 13.697 billion CFA francs in 2024. According to bank officials, this situation is attributed to the decrease in resource costs following the reduction in refinancing from the Central Bank coupled with interest rate reductions. A 10% decrease in commissions is noted due to the decrease in activity levels, with a realization of 6.271 billion CFA francs compared to 6.943 billion CFA francs in 2024.
Ultimately, the net banking income (NBI) of the Bank slightly declined by 1.2% to 21.125 billion CFA francs compared to 21.380 billion CFA francs as of December 31, 2024. According to the Board of Directors, this decline in NBI is due to the decrease in commissions in a challenging macroeconomic environment.
A 9.3% decrease is also noted in the gross operating result at 7.486 billion CFA francs compared to 8.251 billion CFA francs in 2024. According to the Board of Directors, this decrease follows the decline in NBI and the increase in general expenses (+19.7%) attributed to exceptional tax costs and provisions for Non-Operating Assets (NOA).
