2020 Financial Report

Despite a specific context marked by the health crisis, BANK OF AFRICA – BURKINA FASO (BOA-BURKINA FASO) was able to increase the level of its customer loans by 5.0%, to 554,271 million CFA francs at 31 December 2020. With this performance, the Bank is in second position with a market share of 16.28%.

Customer deposits improved by 21.9% to CFA francs 761,161 million as at December 31, 2020, allowing the institution to maintain its second place position at 20.83%.

The number of deposit accounts reached at December 31, 2020, at 576,309 units, an increase of 6.5% in one year.

In terms of intermediate management balances, BOA-BURKINA FASO posted good performance, with a net banking margin increase of 13.9% to 30,232 million CFA francs at 31 December 2020, due to the faster increase in employment products 9,0% of resource costs, 3.3%.

Net Banking Income, with a growth of 10.9%, reached 47,367 million CFA francs at the end of December 2020.

The cost/income ratio was 47.0% and Net Income was 17,608 million CFA francs at December 31, 2020.

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