2018 key financial figures

"The 2018 results embody the 2016-2018" Consolidation and Efficiency "strategy, which has helped to strengthen the Group's integration, with a common vision and values, of financing its expansion by controlling costs, strengthening management risks, mobilize new resources and consolidate its financial strength. "

Amédée NONFON, Administrative and Financial Director Tweet

In CFA F billion

1
Balance-sheet total (+21%)
1
Customer deposits (+ 24%)
1
Customer credit (+ 16%)
1
Equity capital (+17%)
1
Consolidated net profit (+36%)
1 %
Operating ratio
1 %
ROE
Exco FICAO and KPMG audited the consolidated financial statements for the fiscal year ending 31 December 2018 in accordance with the international financial reporting standards (IFRS). Reasonable assurance was achieved.

Strong growth in the Group's financial resources

In 10 years, Oragroup’s growth trajectory has been exemplary. The Orabank network has grown from a presence in five countries in West and Central Africa to a pan-African dimension with subsidiaries in 12 countries spread over four currency areas. The pan-African banking group Oragroup has seen a sharp increase in its performance for the 2018 financial year. Oragroup has a balance sheet total of 2 171 billion CFA francs ($ 3.7 billion), an increase of 21% compared to ‘last year. Customer deposits in the Orabank network totaled 1,462 billion CFA francs and lending operations at 1,255 billion CFA francs, an increase of 24% and 15% respectively. In total, the Group posted net banking income of 126.77 billion CFA francs ($ 221 million, + 17%) and consolidated net income up sharply by 36% to 29.77 billion CFA francs (51%). $ 9 million). In addition to the repayment of existing financing lines that went off without a hitch, the year 2018 was marked by the realization of several mobilization operations of resources from donors. As part of the 2019-2021 strategic plan, which should define the investment and financing guidelines, we will ensure the implementation of a financing monitoring system to optimally support the growth of our subsidiaries.

Orabank Group Treasury

"The year 2018 was marked by the confirmation of the importance of the Treasury business in the Group's NBP, in line with the Group's 2016-2018 strategic plan. "

Julien KOFFI, PI Treasury Director Tweet
128 M FCFA
Equity Group share
36 %
of NII from Treasury
65 %
Treasury revenue growth
+ 24 %
on customer deposits

Highlights of 2018

At the end of 2018, the transformation of the Treasury into a profit center is a reality, in line with the Group’s strategy. The Treasury teams are in place and focused on the ALM (Asset-Liability Management) and Sales of Treasury Products functions. ALM revenues (net treasury intermediation margin) represent 36% of Treasury revenues and foreign exchange and other commissions represent 64%. The Group’s Market Hall, based in Orabank Togo, is fully operational and has generated revenues beyond our initial forecasts. In 2018, confirmation lines for international trade transactions (LC, SBLC, etc.) with foreign correspondents increased by approximately 50%, in line with the strong growth of our Trade Finance activities. In 2018, we fully repaid to the market more than 37 billion CFA francs for our commercial paper issue totaling 35 billion CFA francs per public offering on the regional financial market. West African Economic and Monetary Union (WAEMU) carried out in 2016 and 2017. In addition to these repayments, the year 2018 was marked by the realization of several mobilization operations of resources from donors.

In 2018, the Orabank group benefited from a loan of 40 million Euros or 26 billion FCFA from ICD, a subsidiary of the Islamic Development Bank (IDB) over 5 years. This financing enables the subsidiaries Orabank, Togo, Gabon and Côte d’Ivoire & Branches to support SMEs in the financing of projects under a “Sharia Compliance” angle. These Orabank subsidiaries will market an Islamic product on behalf of ICD: “Murabaha”.

On 16 April 2019, the Orabank Group entered the BRVM. This introduction follows the success of the 100% public takeover bid, from October 29 to November 22, 2018. The Oragroup IPO raised an amount of CFAF 56.92 billion, of which CFAF 25 billion. have been used to strengthen Oragroup’s own funds in order to develop its network and customer services, invest in digital banking, seize growth opportunities in Cameroon and strengthen the equity of certain subsidiaries.

In 2018, as part of the SUNREF program initiated by AFD, Oragroup finalized the financing of 12 highly diversified projects generating significant climate benefits, for an overall investment amount of nearly € 6 million (€ 3.9 billion). CFA). Thanks to this partnership between AFD and Oragroup, the SUNREF financing line has made it possible to support the sustainable transformation of the practices of local stakeholders and thus promote low-carbon development trajectories.