• BOA Senegal net profit rises 10.1% to 21.9bn CFA francs
• Growth driven by higher banking income and controlled loan losses
• Bank maintains dividend as shares gain on strong earnings

Bank of Africa Senegal reported a net profit of 21.9 billion CFA francs ($38.6 million) in 2025, up 10.1% from 19.9 billion a year earlier.

Growth in banking revenue drove the result, with net banking income rising 4.6% year-on-year to 51.9 billion CFA francs, from 49.6 billion in 2024. The increase was supported by higher interest income and fee revenue from lending and banking services.

Operating profit rose 7% to 29 billion CFA francs, from 27.1 billion a year earlier, while pre-tax profit increased 10.1% to 25.1 billion CFA francs.

Loan loss provisions edged down to 4.346 billion CFA francs from 4.429 billion in 2024, reflecting disciplined loan portfolio management amid strong financing demand from businesses and households in Senegal.

Dividend maintained

The bank approved a dividend of 450 CFA francs per 1,000-franc share, with payment due in early June 2026. The move aligns with the dividend policy of the only Senegalese bank listed on the regional BRVM stock exchange.

Shares in BOA Senegal rose 2.35% on Tuesday, March 18, to close at 6,980 CFA francs, reflecting investor demand as markets focus on earnings and dividend payouts.

In the medium term, the bank’s outlook will depend on its ability to sustain revenue growth, control costs and adapt its offerings to market demand.

Chamberline Moko