Dakar - The West Africa Banking Company (CBAO) and the Moroccan banking group Attijariwafa Bank achieved, in 2008, a net banking income of 62.9 billion CFA francs (138,526. 355 dollars), i.e. a 9.2% rise, according to a note published Thursday in Dakar.
"CBAO- Attijariwafa bank group" is formed through merger between Senegalese bank CBAO and the Moroccan subsidiary "Attijari bank Senegal" in 2008.
However, the group's 2008 annual report said that its profit after tax is slightly down as the net income did not exceed 8.4 billion CFA francs in 2008, compared to 11.8 billion CFA francs a year earlier.
Medium- and long- term credits increased by 17.10%, despite the economic downturn faced by customers during the year 2008, added the same source.
CBAO-Attijariwafabank group has a network of 54 bank agencies and two networks of money transfers in Senegal.