The Senegalese economy achieved renewed growth in 2014 in all sectors of activity, with the exception of Tourism, due to the Ebola epidemic. This is confirmed in its robust growth rate, which is likely to have hit 4.5% in 2014, vs. less than 3.5% in 2013. The last part of 2014 was marked by the weakening in the euro vs. the dollar, as well as a drop in the oil price.
It was against this backdrop that our institution, BOA in Senegal, ended 2014 with its profit up 27.4% compared to 2013, while expanding its market share. The year was also highlighted by the capital increase via an Initial Public Offering (IPO) on the regional stock exchange (BRVM), which raised our share capital from CFAF 10 billion to CFA 12 billion. This sale of shares was completed in less than 24 hours and made our Bank the first Senegalese bank and the second Senegalese company to be listed on BRVM in Abidjan.