Bank of Africa operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bank of Africa with three other
banks in Africa:
Access Bank Nigeria Plc
of NIGERIA
(2020
sales of 763.49 billion Nigerian Naira [US$1.86 billion]
of which 38%
was Corporate & Investment Banking),
Capitec Bank Holdings Limited
of SOUTH AFRICA
(29.72 billion South African Rands [US$2.02 billion]
of which 100%
was Banking & Related Activities), and
Ecobank Transnational Incorporated SA
which is
based in NIGERIA
(785.54 billion Nigerian Naira [US$1.91 billion]
of which 43%
was Corporate & Investment Bank).
Sales Analysis.
During the second
quarter of 2021, sales at Bank of Africa totalled
5.12 billion Moroccan Dirhams.
This is a drop of 7.2%
from the 5.51 billion Moroccan Dirhams in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled 9.92 billion Moroccan Dirhams, which is
2.1% lower
than through the first two quarters of 2020.
Bank of Africa reported sales of 20.20 billion Moroccan Dirhams (US$2.23 billion)
for the
year ending
December of 2020.
This
represents
a
decrease of 1.0%
versus 2019, when the company's sales were 20.41 billion Moroccan Dirhams.
Contributing to the drop in overall sales was the 8.2% decline
in Management Services, from 362.73 million Moroccan Dirhams to 333.00 million Moroccan Dirhams.
There were also decreases in sales in
Bank Morocco (down 1.4% to 5.87 billion Moroccan Dirhams)
and
Specialist Financial Services (down 3.1% to 700.51 million Moroccan Dirhams)
.
However, these declines were partially offset by the increase in sales of
International Activities (up 4.0% to 6.97 billion Moroccan Dirhams)
and
Other Activities (up 8.2% to 125.53 million Moroccan Dirhams)
.