The managers of Bank Of Africa (BOA) Burkina Faso, a subsidiary of the Moroccan banking group BMCE Bank, announced that the after-tax profit of this banking institution based in Ouagadougou increased by 19.92% at the end of fiscal 2022 compared to that of 2021.

The after-tax profit of BOA Burkina Faso increased from 21.244 billion FCFA (33.991 million dollars) in 2021 to 25.476 billion FCFA a year later (40.763 million dollars) according to the certified financial statements of this banking institution. Indeed, the total balance sheet of the establishment stood at 1163.299 billion FCFA compared to 1073.229 billion FCFA at 31 December 2021, an increase of 8.39%.

Customer debt increased by 7.44% to 875.498 billion FCFA compared to 815.759 billion FCFA in 2021 during the period under review. Customer claims increased by 11.32%, from 577.287 billion FCFA at 31 December 2021 to 642.663 billion FCFA in 2022. For its part, net banking income increased by 11.09% with 22.296 billion FCFA generated compared to 20.069 billion FCFA at the end of December 2021.