The subsidiaries of the Bank of Africa (BOA), listed on the BRVM, were burdened 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 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 GDP figures testify to 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 was mainly due to the cost of risk, which rose overall to 38.5 billion FCFA. That is an increase of 48%.