In a message of gratitude posted on LinkedIn, Omar Dioum, CEO of FBNBank Senegal, unveiled exceptional financial results, marking the end of a five-year cycle (2020-2025) characterized by extraordinary growth. For Dioum, these results reflect not just accounting progress, but a genuine structural transformation of the bank.
The institution's recovery is first and foremost evident in its pre-tax profit, which has shifted from a deficit of 613 million FCFA in 2020 to a solid profit of 6.4 billion FCFA in 2025. This renewed profitability is based on a surge in business volume, with overall revenues multiplying 21-fold in just five years. These revenues have thus increased from 1.2 billion to 25.6 billion FCFA, demonstrating an aggressive and successful market penetration strategy.
The bank's strength has also been reinforced by the dramatic increase in its financial base. Total assets have multiplied twelvefold, climbing from 36 billion to nearly 440 billion FCFA. At the same time, the institution's equity has seen a significant increase of 140%, giving the Senegalese subsidiary of the First Bank of Nigeria group a considerably greater capacity to operate in the local market.
This transformation is based on renewed partner confidence and a significantly increased commercial reach. Deposit volume has thus multiplied more than elevenfold, now reaching 230.5 billion FCFA compared to less than 20 billion at the beginning of the period. This influx of liquidity has enabled the bank to fully play its role as a financier of the real economy, with customer loans jumping from 5.7 billion to 101.7 billion FCFA.
While acknowledging this "historic achievement," Omar Dioum refuses to take sole credit for this success. Modestly describing himself as the "conductor" of a dedicated team, he emphasizes that this success is the result of customer trust, employee commitment, and the unwavering support of the First Bank of Nigeria Ltd. Group. Opening the discussion on the future, the Managing Director now invites the sector to consider new drivers of transformation for the African banking landscape.
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