Reuters
Bank of Africa (BOA), one of Morocco’s biggest lenders with operations in Africa and Europe, on Monday reported a 5% rise in 2019 net profit of 1.9 billion dirhams ($193 million).
BOA, which was formerly known as BMCE, said its return on equity (ROE) for the year was 11%, while its return on asset (ROA) ratio was 0.8%.
Net banking income was up 5% to 13.9 billion dirhams, BOA said in a statement, adding that it would distribute 1 billion dirhams in an annual dividend of 5 dirhams per share.
(Reporting by Ahmed Eljechtimi; Editing by Alexander Smith)Our Standards:The Thomson Reuters Trust Principles.
