Gabon’s banking sector recorded a combined net profit of 131 billion CFA francs, according to data compiled by the Gabonese Association of Bank Users (AGUB) from the Professional Association of Credit Institutions (Apec).
The figures reflect the performance of the country’s seven major banks: BGFIbank, Union Gabonaise de Banque (UGB), AFG Bank (formerly Bicig), Ecobank, Citibank, United Bank for Africa (UBA), and Orabank.
Topping the list was BGFIbank, which posted the highest net profit of 45 billion CFA francs, securing its position as the most profitable banking institution in Gabon for the year. Following BGFIbank was UGB, which reported a net profit of 30 billion CFA francs, placing it second in the ranking.
AFG Bank came in third, generating 24 billion CFA francs in net profit, further highlighting its strong presence in the local financial market. Ecobank and Citibank held the fourth and fifth positions respectively, with profits of 13 billion and 12 billion CFA francs.
At the lower end of the spectrum, UBA recorded a net profit of 5 billion CFA francs, while Orabank closed the year with 2 billion CFA francs.
The overall performance of these banks reflects a resilient sector amid evolving economic challenges, as they continue to navigate competitive pressures and changing regulatory landscapes. These results not only underscore the financial health of key players in Gabon’s banking industry but also indicate the potential for further growth and investment in the country’s financial services sector.
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