The activity and results of BANK OF AFRICA - MALI (BOA-MALI) for 2008 can be summarised
by the following points:
total assets
on 31 December 2008 were up by 7.5% and reached CFAF 134.9 billion;
shareholder's capital
before distribution is up CFAF 2.3 billion, as a result of a CFAF 800
million increase in capital;
customer deposits were down by 8% year on year while over the same period the Bank's
average overall liabilities increased by 4.4%, from CFAF 88,841 million in 2007 to CFAF
92,747 million for 2008. These contrasting trends were recorded over a period when banks
in Mali as a whole saw their customer deposits fall by 7.1%;
loans rose by 14.6%, from CFAF 74.8 billion on 31 December 2007 to CFAF 85.7 billion
at end 2008;
a slight deterioration in the quality of the portfolio from 10.1% to 11.3%, but the
provision rate for doubtful and litigious debts stayed at over 80%, reaching 84.9% on
31 December 2008;
a development and innovation policy which led to:
· the launch of the prepaid VISA card "TUCANA",
· the commercialisation of electronic payment terminals,
· the signing of a partnership with ORIUM, for the commercialisation of our products
in local branches,
· the creation of five new branches equipped with automatic teller machines (ATMs),
· an intensive communication campaign.
operating income increased by 20.2% to CFAF 2,539 million, while the growth of
operating expenses was contained at 11.4%, i.e. CFAF 1,750 million;
pre-tax profit up by 44.6% to CFAF 1,983 million, leading to net income of CFAF 1,289 million.
Customer deposits
fell by 8%, from CFAF 99,807 million at 31 December 2007 to CFAF
91,841 million at the end of 2008.
This decline was due to the particular economic conditions at 31 December 2008, as the
annual average variation in deposits was up 4.4% compared to 2007, representing an
increase of CFAF 3.9 billion.
The number of active accounts
rose by 6,664 in 2008. Current and savings accounts
represent 81.0% of total deposits.
The direct customer credit portfolio
grew by 14.6% from CFAF 74.8 billion on 31 December
2007 to CFAF 85.7 billion at end 2008. The recorded rise is lower than inflation and remains
in line with the sluggish national economy. The increase of CFAF 5.2 billion includes nearly
CFAF 3 billion representing loans allocated to large-scale syndicated operations in the BANK
OF AFRICA Group (BOA Group).
In 2008 interbank loans
fell by 17.5 %, or CFAF 5,413 million. This decline mainly corresponds
to the fall in liquidity as a result of customer deposits stagnating at the end of the year.
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une politique de développement et d'innovation
qui s'est traduite par :
· le lancement de la carte Visa prépayée « TUCANA »,
· la commercialisation de terminaux de paiement
électroniques,
· la signature d'un accord de partenariat avec
la société ORIUM pour la commercialisation de nos
produits au travers de bureaux de proximité,
· l'ouverture de cinq nouvelles agences équipées
de Guichets Automatiques de Banque (GAB),
· une campagne de communication intensive ;
une évolution des produits
d'exploitation de + 20,2 %, soit
+ 2 539 millions de F CFA, alors que
l'évolution des charges d'exploitation
était contenue à +11,4 %, soit
+1 750 millions de F CFA ;
une rentabilité avant impôts en
évolution de + 44,6 % qui atteint
1 983 millions de F CFA, permettant
un résultat net de 1 289 millions de
F CFA.
Les dépôts de la clientèle
régressent de 8 %, passant
de 99 807 millions de F CFA au 31 décembre 2007
à 91 841 millions de F CFA à fin 2008.
Cette évolution négative est conjoncturelle au 31
décembre 2008 car l'évolution annuelle moyenne
des ressources affiche quant à elle une progression
de + 4,4 % par rapport à 2007, soit + 3,9 milliards
de F CFA.
Produits
d'exploitation
+ 20,2
%
Rentabilité
+ 44,6
%
Le GAB de l'Agence Hamdallaye, à Bamako.
The Hamdallaye Branch ATM, in Bamako. © BOA-MALI
Financial statements and balance sheet
analysis
for fiscal year 2008
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