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Banking sector: 11.26% increase in the net income of the International Bank for Industry and Commerce of Benin

01/07/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The International Bank for Industry and Commerce (BIIC) of Benin posted a net profit after tax of 30.241 billion FCFA for the financial year 2024. This is what the financial statements authenticated by the auditors reveal

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BIIC's net income grew by 11.26% compared to December 31, 2024, when it stood at 27.270 billion. The same upward trend characterizes the total balance sheet of the BIIC with a level of +1520 billion FCFA against +1340 billion FCFA in 2023. The BIIC collected resources of 926.089 billion FCFA from its customers for the financial year 2024 against 875.409 billion in 2023. The commissions received on products by the bank increased from 5.152 billion to 11.073 billion

FCFA.

BIIC's net banking income (PNB) grew by 15.33% to 45.207 billion FCFA against 39.196 billion FCFA in 2023. On the expense side, general operating expenses stood at 13 billion FCFA compared to 10.252 billion FCFA in 2023, an increase of 2.748 billion FCFA

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