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.
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Galp and TotalEnergies strike asset-swap deal giving TotalEnergies control of Namibia’s Mopane find Galp gains stakes in Venus and PEL 91 as firms...
Government targets broad digital expansion through “Chad Connection 2030” and global partnerships Country remains low in e-government and...
Telecel Faso deploys 300 new sites to expand coverage in 750 underserved areas Rollout aims to regain market share amid strong competition from...
Dual apprenticeships blend classroom training and workplace practice to meet labor needs Programs vary in duration and offer benefits for...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...