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BICICI: 22% increase in turnover

03/04/2025
Categories: Economy/Forex

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The International Bank for Trade and Industry of Côte d'Ivoire, abbreviated to BICICI, is starting the year 2025 under particularly favourable auspices.

The former subsidiary of the BNP Paribas group, bought in 2022 by a consortium of Ivorian public entities, signed a fiscal year 2024 marked by good momentum. The financial statements show a net result of 26.226 billion CFA francs compared to 17 billion CFA francs in 2023. For its part, the total balance sheet increased more modestly by 10.32% to 1,016 billion CFA francs against 921 billion CFA francs in 2023

.

BICICI's debts to customers stand at 819.426 billion FCFA compared to 778.277 billion FCFA in 2023. At the same time, customer receivables stood at 564.928 billion FCFA against 489.193 billion FCFA

in 2023.

During the period under review, BICICI earned commissions of 23.263 billion FCFA against 18.861 billion FCFA in 2023, an increase of 4.402 billion FCFA in 2023, an increase of 4.402 billion.

As far as he is concerned, net banking income increased by 23%, with a level of 68 billion FCFA 56 billion FCFA in 2023.

In terms of bank expenses, general operating expenses fell by 2.42% to 35 billion FCFA against 36 billion FCFA in 2023. Gross operating income (EBIT) increased by 79% to 30.077 billion FCFA against 17 billion FCFA

in 2023.

At the end of fiscal year 2024, the cost of risk stood at 1.30 billion FCFA compared to 1.27 billion FCFA in 2023, an increase of 2.74%.

Operating income jumped by 85% with an achievement of 29 billion FCFA against 16 billion FCFA in 2023.

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