In a recent meeting held on April 26, 2024, the board of directors of the banking group BGFI Group proposed distributing a dividend of CFA11,000 per share for FY2023. This remuneration is slightly lower than the CFA15,850 per share distributed in 2022 but remains generous considering the macroeconomic context in which the group operated across its various markets. The company opted to strengthen its fundamentals, even with a surge in its net profit reaching CFA95.8 billion, a 55% increase in 2023 compared to 35% in 2022.
On the commercial front, customer deposit balances stand at CFA3,311 billion, up by 9% from 2022. The BGFI Bank Group has garnered the trust of its clients in all markets where it operates. Simultaneously, the Group continued supporting the financing of economies and significant projects for its clients in the various markets of operation.
In a challenging environment marked by inflation and economic growth slowdowns, the group increased its customer loan portfolio to CFA3,075 billion, reflecting a 4% rise from 2022. The Bank emphasizes its commitment to effectively adapting to regulatory constraints, organizational changes, legitimate client needs, offering innovative products and services, and maintaining robust risk management to achieve the CFA120 billion target in 2024.
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...
Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
China lifts its market share from 23.8% in 2016 to 52.5% in 2024, gaining 28.7 points. Imports of industrial machines more than double, rising...
The NICTBB backbone already covers 78% of Tanzania and receives 73 billion TZS (≈ USD 30 million) for its next expansion phase. Tanzania is...
Glencore’s attributable production falls to 122,000 barrels over nine months, down from 176,000 barrels in 2024. Cameroon’s government revises...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference interpreting. The global market for professional...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...