BANK OF AFRICA - GHANA (BOA-GHANA) recorded a net profit of GH¢ 23.92 million in 2017 .
The Bank saw its Banking Net profit increasing by 9%, passing from GH¢ 112 millionin 2016 to GH¢ 122.1 million at the end of 2017 . This figure suits to the growth strategy of the productive asset which consists in increasing the number of loans granted to the retail banking customers.
In a less favorable economic environment, the products of commissions declined by 6.7%, passing to GH¢ 19.2 million from GH¢ 20.5 million in 2016.
The efforts of optimization of operating expenses allowed to limit the increase to 5%, in a context marked by an average inflation of 12.4%. These thus passed from GH¢ 76.1 million in 2016 to GH¢ 80.1 million in 2017 .