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Bank of Africa: Burkina Faso subsidiary ends 2021 with the best performance

25/04/2022
Categories: Companies

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It is in the spotlight of an online press conference that the Bank of Africa Group (BOA) announced on Friday, April 15, 2022 the result of the 2021 financial year of its six subsidiaries in the WAEMU area listed on stock exchanges. Of the Group's six subsidiaries, BOA-Burkina Faso recorded the best performances according to indicators such as net income, loans granted and deposits.

 

The accounts are good for the six subsidiaries of the Bank of Africa Group (BOA) in the WAEMU zone, at the end of the 2021 financial year. Despite a difficult regional context, all the banks of the WAEMU group listed on the BRVM, namely BOA-Benin, BOA-Burkina Faso, BOA-Ivory Coast, BOA-Mali, BOA-Niger, BOA-Senegal, achieved a positive net result of 77 billion CFA francs, against 60 billion CFA francs in 2020, an increase of about 27%.

On all six subsidiaries of the group, BOA-Burkina Faso with a net profit of more than 21 billion CFA francs and an increase of 20% compared to 2020, achieved the best performance of the year following this indicator. It is followed by BOA-Benin, with a net result of more than 16 billion CFA francs and an increase of 25%, and BOA-Côte-D'Ivoire which also records more than 16 billion CFA francs and an increase of 20%. With a net result of 2 billion CFA francs and an increase of 296%, BOA-Mali closes the march.

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