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Société Ivoirienne de Banque: the company announces solid financial results for 2023

15/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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For fiscal year 2023, Société Ivoirienne de Banque (SIB) recorded solid financial results. It also disclosed a significant allocation of $3.25 million (2 billion CFA francs) to cover unspecified “operational risks”.

The financial operations of the Société Ivoirienne de Banque (SIB) expanded, with customer loans increasing by more than 8% to 1,442.7 billion FCFA. For 2023, the bank's total loans represented 104% of its resources, a slight reduction compared to 107.3%

in 2022.

In addition, the SIB is facing ongoing challenges. It must balance robust credit growth and revenue generation with short-term commitments, for example to meet a nearly 464% increase in interbank debt repayment obligations

.
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