Banks: BOA Burkina achieves net banking income of more than CFAF 34 billion in the third quarter of 2020

Bank Of Africa (BOA) Burkina, a subsidiary of the banking group of the same name, achieved at the end of the third quarter of 2020 a net banking income (NBI) of 34.304 billion FCFA (51.456 million euros), announced the leaders of this banking establishment based in Ouagadougou.

Compared to September 30, 2019, when it stood at 31.333 billion FCFA, this GNP has increased by 9.48%. According to the leaders of BOA Burkina, the GNP is essentially supported by the growth of the net banking margin of 11% and of commissions and miscellaneous of 5.4%.

During the period under review, the bank’s total balance sheet reached CFAF 941.184 billion against CFAF 873.8 billion at the end of the third quarter of 2019 (+ 8.5%). The pre-tax result recorded an increase of 1.59% to 15.898 billion FCFA against 15.649 billion FCFA as of September 30, 2019.

As for the net result, it went from 13.306 billion FCFA as of September 30, 2020 to 14.013 billion FCFA a year later, an increase of 707 million FCFA in absolute value and 5.31% in relative value.


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