BOA Burkina Faso’s net result gradually decreased in 2020 Monday, 15 March 2021 15:01 (Ecofin Agency) - Bank of Africa’s subsidiary in Burkina Faso ended FY2020 with a net profit of CFA17.6 billion (€26.8 million), down 4.8% compared to 2019. This poor performance contrasts with the resilience that the bank showed during the first three quarters of 2020. BOA Burkina Faso's net profit was up 22% at the end of the first six months of last year. At the end of September, it was still up by 5.7%. This continued deterioration in profitability has not yet been explained, as the company has not commented on its results. But it can be noted that its cost of risk reached CFA5.2 billion at the end of 2019, 160% compared to 2019.