Bank of Africa Niger's net profit rose 121.9% to 6.29bn FCFA (€9.59mn) in the first nine months of 2026, after a difficult 2025, the bank said in its third-quarter activity report, posted by the regional stock exchange BRVM on October 26. Net banking income, the lender's main revenue measure, grew 7.9% to 16.86bn FCFA (€25.7mn), while overheads fell 6.2% and the cost of risk declined 23.2%, the bank said.
Analysis: Profit rose much faster than revenue as operating expenses and provisions for problem loans declined. The cost-to-income ratio improved to 54.2% from 63.4%, while lower taxes helped push net profit growth to 121.9%. Nine-month earnings exceeded the bank's entire 2025 profit of 409mn FCFA (€624,000) by more than 15 times. Last year's weak result included a 4.29bn FCFA (€6.54mn) cost of risk, making the comparison unusually favorable. The report does not distinguish possible one-off gains from recurring earnings. Full-year accounts, expected in spring 2027, should provide a clearer measure of the recovery.
Source: Bank of Africa Niger, filed with the BRVM (regional stock exchange), Bank of Africa-Niger, Rapport d'activité trimestriel au 30 septembre 2026 (dated Niamey, 20/10/2026; posted on BRVM 26/10/2026), January–September 2026 and January–September 2025 and September 30, 2026 and 2025