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UEMOA: 12% increase in Société Générale's profits

07/11/2024
Source : ORISHAS FINANCE
Categories: Sectors

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The Société Générale Côte d'Ivoire (SGBC) saw its high profit of 12%, reaching 74.5 billion FCFA, thanks to effective management of expenses and & worsened; a 14% increase in pre-tax profit, which reached 92.9 billion CFA francs year-on-year

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SGBC shows a 9% increase in outstanding loans, which amounts to 2,481 billion CFA francs, and a 6% growth in net banking income, which stands at 196 billion CFA francs. Following its performance, Bloomfield Investment Corporation raises the SGBC rating to AAA, reflecting confidence in its financial stability and operational strategies. The BRVM course l'action de la SGBC a bondi de plus de 23% en 2024, clôturant à 19 800 FCFA le 30 octobre, consolidant ainsi sa position d' entreprise la mieux notée de la style="font-family: "Bookman Old Style”, serif">. Likewise, the SGBC recorded a 12% increase in its profit for the first nine months of 2024, totaling 74.5 billion CFA francs. This growth is attributed to effective management of overhead expenses, leading to an increase in pre-tax profit of 14% to 92.9 billion CFA francs year-on-year

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