Bdeac’s earnings grew to XAF8.7bln in 2018

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Bdeac’s earnings grew by XAF8.7bln in 2018

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- Monday, 22 April 2019 15:22

(Business in Cameroon) - The Development Bank of Central African States (Bdeac) achieved bullish performances in 2018 compared to the previous year with earnings up XAF8.7 billion from XAF2.3 billion to more than XAF11 billion.

The bank says figures “increased fivefold, translating good performances of the bank’s portfolio and transactions in 2018 as well as good control of operating costs.” Over the period reviewed, key management indicators were very dynamic and the bank's operating margin reached XAF19.401 billion against XAF14.103 billion in 2017, up 24%. Operating result also more than doubled between the two periods from XAF3.082 billion to XAF8.469 billion.

S.A

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