Oragroup’s net income up 46.7% for the 2019 financial year

Banking

Monday, 15 June 2020 12:49

Oragroup’s net income up 46.7% for the 2019 financial year

(Togo First) - For its 2019 financial year, Oragroup reported a net income of XOF18.327 billion. This is 46.7% more than the year before where the bank reported a net income of XOF12.491 billion.

The figure was published as part of the lender’s latest financial statements, released ahead of its next general assembly scheduled for June 29, 2020.

Out of the amount reported, dividends that will be shared between Oragroup’s shareholders is estimated at XOF4.4 billion.

For the recently ended financial year, the group’s balance sheet total was up by 21% (it stood at XOF2,634 billion, against XOF2,171 billion in 2018) while its net banking product increased by 15.6% to reach 146.8 billion. The bank’s equity for its part stood at 140.6 billion according to IFRS standards.

Ayi Renaud Dossavi

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