Finance

BGFIBank Proposes $20 Dividend per Share for 2023

BGFIBank Proposes $20 Dividend per Share for 2023
Monday, 06 May 2024 11:40

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.

On the same topic
Gabon allocates $6.9 million to acquire 35% stake in ABG Move aims to stabilize firm and protect 800 jobs Company faced cash issues,...
DR Congo hires Rothschild to support international market entry €2 million, 12-month contract signed March 24, 2026 Deal linked to...
$20 million loan to support lending to small businesses At least 25% of funds allocated to women-led enterprises Financing aims to ease major...
Ci Gaba VC Limited secures $34.9 million in its first close, targeting a final $90 million (1 billion GHS). The fund-of-funds invests in...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
04

Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...

Ghana pushes UN recognition of slave trade as crime against humanity
05

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.