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NSIA Banque Côte d'Ivoire: increase in net income in the first half of 2024

30/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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NSIA Banque Côte d'Ivoire (NSBC) announced an increase in its net income of 27.5% in the first half of 2024, to reach 14.53 billion FCFA.

NSIA Banque CI recorded a significant increase of 46.7% in its fees, which amounted to 17.5 billion FCFA, leading to an increase of 10.3% in global net banking income, which stood at 45.7 billion FCFA. Customer loans increased by 6% to FCFA 1,382 billion and deposits by 7% to FCFA 1,511.4 billion. The bank recorded a 27.5% increase in its net profit for the first half of 2024, reaching 14.53 billion CFA francs (25 million dollars). It also recorded a significant increase in commissions of 46.7%, or 17.5 billion FCFA, thus offsetting the decrease in the interest margin of 4.5%, which stood at 28.2 billion FCFA. In total, net banking income grew by 10.3% to reach 45.7 billion

CFA francs.

NSIA Banque CI soon plans to capitalize on its strong market position by exploring new partnerships and strategic opportunities. However, it remains alert to macroeconomic uncertainties and potential regulatory changes that could influence its operations

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