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Mali: BNDA dedicated 53% of its loans to the agriculture sector in 2018

Thursday, 23 May 2019 17:45
Mali: BNDA dedicated 53% of its loans to the agriculture sector in 2018

(Ecofin Agency) - On May 17, 2019, in Mali, Banque Nationale de développement Agricole (BNDA) confirmed its status of the leading financial partner in the agriculture sector.  

Indeed, out of the XOF459 billion loans it granted to the economy, 53% or XOF245 billion were dedicated to the agriculture sector.

The largest part of these loans was granted to agribusinesses and input suppliers.

During the 2018 fiscal year, BNDA’s net banking product rose by 4% to XOF36.44 billion. Deposits have increased by 20% to XOF300.275 billion while the number of managed accounts has risen by 12% to 34,250.

The bank informs that it has paid XOF11 billion in taxes and duties while its net profits were close to XOF8 billion.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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