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NSIA Banque Côte d'Ivoire: net income increased by 29% in the third quarter of 2024

28/10/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Le Activity report prepared by the managers of NSIA Banque Côte d'Ivoire mentions that the bank's net income increased by 29% compared to the third quarter 2023.

Le net income of NSIA Banque Côte d'Ivoire amounted to 23.687 billion FCFA compared to 18.346 billion FCFA as of September 30, 2023. Net customer loans increased by 122,202, amounting to 1,430 billion FCFA, while customer deposits increased by 110.105 billion to 1,526 billion FCFA. Net banking income (GNP) for the third quarter of 2024 increased by 14%, reaching 72.573 billion FCFA against 63.416 billion FCFA as of September 30, 2023. According to the bank's management, this increase is explained by “the significant increase in commissions on fund transfers and income from commitments by signature, which stood at 27.7 billion FCFA (+47%) at September 30, 2024 against 18.8 billion FCFA at the end of September 2023”. Earnings before tax increased by 6.083 billion, from 19.905 billion FCFA on 30 September 2023 to 25.988 billion FCFA a year later. According to the bank's management, “during the last quarter of 2024, NSIA Banque Côte d'Ivoire intends to continue its commercial momentum, associated with the control of risks and management fees

”.
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