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Niger: BOA Niger Rebuilds After Year of Exceptional Provisions Gutted Profit
The bank said lower costs and a shift toward better-priced SME lending helped lift net banking income 8% and improve efficiency to 56.2%.
Summary
Bank of Africa Niger (BRVM: BOAN) ended 2025 with net profit of just 409 million FCFA ($731,000) -- a 92% collapse from 5 billion FCFA ($8.9 million) the year before -- not because the business broke down, but because management chose to clean it up. A one-off provision of 4.8 billion FCFA ($8.6 million) was booked to address a loan book that had accumulated risk in a difficult operating environment, where the sector-wide default rate stood at 2…