Finance

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

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

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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