The subsidiaries of the Bank of Africa (BOA), listed on the BRVM, were weighed down by their cost of risk in 2020. In an uncertain environment, the negative impacts of covid-19 have weighed heavily.

The main West African subsidiaries of the BOA owned by the Moroccan BMCE have seen their cost of risk soar. The 6 subsidiaries listed on the BRVM almost all saw their net banking income (GNP) increase.
The GNP figures show the resilience of the group's banking activity in an environment marked by covid-19. But the net results did not meet the same fate.
The decline in the profits of these subsidiaries is mainly attributable to the cost of risk, which has generally soared to 38.5 billion CFA francs. That's an increase of 48%.