Bank of Africa Niger recorded a net profit of CFA6.29 billion in the first nine months of 2026, up 121.9% from CFA2.84 billion a year earlier. The bank’s results for the period ended 30 September, released by the West African regional stock exchange (BRVM) on 26 October, show a sharp recovery after a difficult 2025.
The improvement was considerably stronger than the growth in revenue alone. Net banking income increased 7.9% to CFA16.86 billion, supported, according to management, by a firmer banking margin and a lower cost of funding. Meanwhile, general expenses fell 6.2% to CFA8.37 billion, helping gross operating profit climb 32.7% to CFA7.87 billion.
The tighter cost base was reflected in a decline in the bank’s cost-to-income ratio from 63.4% in September 2025 to 54.2% in September 2026. This improvement in operating efficiency came alongside a reduction in the cost of credit risk.
Lower credit-risk charges support the turnaround
The cost of risk fell 23.2% to CFA1.98 billion, from CFA2.58 billion a year earlier. BOA Niger cited better recovery of overdue loans and more cautious risk management, developments that accompanied a 90% increase in pre-tax profit to CFA6.41 billion.
The recovery is particularly striking against the bank’s full-year 2025 net profit of just CFA409 million, as shown in the same financial statement. Its nine-month earnings have already exceeded that previous annual figure by a wide margin, reflecting both higher income and lighter operating and risk charges.