Ecobank Côte d'Ivoire ends the first quarter of 2022 with pre-tax and net results of FCFA 9.0 billion and FCFA 8.5 billion respectively. The subsidiary of the pan-African banking group thus recorded stable figures compared to those of the same period over the year 2021.

Ecobank Côte d'Ivoire closes the first quarter of 2022 with a net profit increasing estimated at FCFA 8.49 billion. This result is explained by the decrease in net interest margin (-4.9%), coupled with that on non-interest income. Despite a slight decline of 6.2% in Net Banking Income, or 21.2 billion compared to the same period of the previous year, Ecobank maintains its position as the second largest bank in Côte d'Ivoire. Indeed, the level of profitability reflected in the pre-tax result and the net result, remained stable compared to the same period in 2021.