NSIA Banque Côte d'Ivoire has finalized the incorporation of the Ivorian assets of NSIA Banque Bénin (formerly Diamond Bank SA) through an increase in its share capital. This decision, adopted unanimously by the shareholders at the Extraordinary General Meeting held in Abidjan on Friday, October 18, 2019, is subject to the condition precedent of obtaining the prior approval of the WAMU Banking Commission. This transaction attests to the solid growth of the NSIA Group, which reinforces its projection throughout the African continent. The finalization of the Partial Contribution of Assets, relating to the Ivorian branch of NSIA Banque Bénin, for the benefit of NSIA Banque Côte d'Ivoire, required an increase in share capital within this subsidiary. It is a net asset of more than 6 billion CFA francs that was thus received by NSIA Banque Côte d'Ivoire, whose share capital is increased accordingly from 23,170,000,000 CFA francs to 24,944,323,000 CFA francs, with a contribution premium of 4,624,878,626 CFA francs. This outcome comes in a context marked by a solid balance sheet and strong growth results in 2019 for NSIA Banque Côte d'Ivoire. In the first half of this year, NSIA Banque Côte d'Ivoire posted pre-tax income of 7.5 billion CFA francs, up 29% compared to the first half of 2018. This encouraging performance can be attributed to the bank's credit risk management policy, which enables it to carry out an expansion strategy in Côte d'Ivoire and the sub-region. Léonce YACE, Chief Executive Officer of NSIA Banque Côte d'Ivoire, explains: "The completion of the acquisition of diamond Bank CI's assets is an important step for the bank, which consolidates its position as a leading player in Côte d'Ivoire and the sub-region. Our partners now value a controlled risk management strategy, and a profound transformation of our institution, in a banking sector in full transformation on the continent." Jean Kacou DIAGOU, Chairman of the NSIA Group, explains: "The completion of the operations following the acquisition of Diamond Bank is a source of great pride for the Group and its 2,800 employees. It demonstrates the continued confidence of our markets, financial partners and customers. After the insurance sector, our ambition is to become the leader of the banking sector in the sub-region." The new share capital of NSIA Banque Côte d'Ivoire, at the end of this Extraordinary General Meeting, amounts to 24,944,323,000 CFA francs. About NSIA Banque Côte d'Ivoire A subsidiary of the pan-African NSIA Group, present in 12 countries and leader in Insurance and Banking, NSIA Banque CI is one of the leading banks in Côte d'Ivoire. Listed at the Banque Régionale des Valeurs Mobilières (BRVM), it now has 83 branches in Côte d'Ivoire, has a fleet of more than 120 ATMs, as well as a representative office in Paris (France) dedicated to the diaspora. Therefore, it is positioned as the privileged partner of Individuals and Companies. It contributes strongly to the development of the Ivorian economy through the financing of several projects; This earned it a second award of excellence, that of the "Best Institution in the Financial Sector", awarded by the State of Côte d'Ivoire, in the category "Field of economic and financial management".

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