BOA Senegal lifts net profit to CFA18.17 billion at end-September

The BRVM-listed bank posted an 11.01% rise in nine-month net profit. Income increased while customer lending remained almost unchanged.

By Mariam Koné · 23 October 2026 · 1 min read

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BCEAO branch in Ziguinchor, Senegal, 14 January 2008. Archive photo used to illustrate the banking sector. This building is not a BOA Senegal branch. Ji-Elle / Wikimedia Commons, Public domain.

BOA Senegal lifted net profit to CFA18.17 billion at 30 September 2026, up 11.01% from a year earlier, according to its activity report published on 21 October by the West African regional stock exchange.

Net banking income rose 6.77% to CFA51.93 billion in the first nine months of the year. Profit before tax increased 6.39% to CFA22.96 billion, while the income tax charge fell 8.11% to CFA4.79 billion, helping net profit grow faster.

In the third quarter alone, net profit jumped 47.66% to CFA5.87 billion from CFA3.97 billion a year earlier. Quarterly net banking income gained 9.88% to CFA18.78 billion.

The earnings improvement was not accompanied by a sharp increase in lending. Customer loans edged down 0.12% to CFA330.65 billion, while deposits rose 0.67% to CFA587.68 billion.

The bank also increased its investment securities portfolio by 21.55% to CFA279.20 billion. Total assets reached CFA728.87 billion, up 0.95% from the end of September 2025.