2022 Financial Report

Despite a difficult economic situation at the international and national levels, BANK OF AFRICA – BURKINA FASO is performing well in 2022, as shown by its various activity and performance indicators.

Outstanding customer loans were up 11.3% over the year, reaching CFAF 642,663 million at 31 December 2022. The Bank maintained its second position in the banking market with a market share of 13.8%.

Outstanding customer resources stood at CFAF 875,499 million against CFAF 815,760 million a year earlier, an increase of 7.3%. The Bank thus maintains its second place with a 14.6% market share.

The number of deposit accounts at 31 December 2022 reached 624,657, up 3% year-on-year.

The net banking margin increased by 11.6% to CFAF 35,963 million, due to the faster growth of income from uses, at 7.6%, compared to the cost of resources, at 2.1%.

At 31 December 2022, Net Banking Income stood at CFAF 56,646 million, up 11.4% over the year.

The operation ratio will be 42.4% at the end of 2022, compared with 43.4% at 31 December 2021, reflecting good control of overheads.

After payment of income tax, the net result amounted to CFAF 25,477 million as at 31 December 2022, an increase of 19.9%.

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