In terms of commercial performance, BANK OF AFRICA – MER ROUGE (BOA-MER ROUGE) closed the year under review with deposits down by 1.5% and receivables up by 12.1%, i.e. respectively DJF 77,100 million in deposits and DJF 31,730 million in receivables, and accounts in
growth of 11.4% (40,398 accounts as of December 31, 2019 versus 35,791 in December 2018).

The network now has 9 Agencies and 1 Business Center, with 200 employees.

With regard to the Institution’s structure, total assets were down 2.9% and shareholders’ equity was up 6.1%, mainly due to retained earnings.

The amount of disputed bad debts (CDL) decreased by 157 million DJF in December 2019, or -3.6%. The recovery rate was 5.4% at the end of December 2019, compared with 2.4% in 2018. Finally, the cost of risk was +0.1% as of December 31, 2019.