First quarter 2024: NSIA Banque CI announces a net profit of 7.1 billion FCFA : Orishas-finance

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First quarter 2024: NSIA Banque CI announces a net profit of 7.1 billion FCFA

02/05/2024

Categories: Economy/Forex

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First quarter 2024: NSIA Banque CI announces a net profit of 7.1 billion FCFA

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For the first quarter of 2024, NSIA Banque Côte d'Ivoire announced a net profit of 7.1 billion CFA francs ($11.5 million) .A dynamic that accelerated

slightly compared to the first quarter of 2024.

Several factors explain the current achievements of NSIA Banque Côte d'Ivoire. These include “the increase in income on client commitments and on portfolio securities, a decrease in the cost of risk and control of management fees” which boosted pre-tax earnings.

A new increase in customer receivables was also observed, the seventh since 2017. Net banking income, equivalent to turnover, remains almost stable. Building on these results, NSIA Banque CI plans to continue and intensify this momentum throughout the year

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