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Bank Société Générale Côte d'Ivoire: a new record result of more than 97 billion FCFA achieved in 2023

22/02/2024
Source : ORISHAS FINANCE
Categories: Sectors

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The table of activities and results established by the management of Société Générale Côte d'Ivoire (SGCI) mentions that Société Générale Côte d'Ivoire (SGCI) achieved a new record with a d net result of 97.230 billion CFA francs as of December 31

, 2023.

Net banking income (GNP) increased by 18%, from 215.101 billion FCFA in 2022 to 253.226 billion FCFA in 2023. The bank's management believes that the increase is driven in particular by “a solid performance in the net interest margin (+22.5% compared to 2022) and by a strong growth in service fees and income from market activities (+10.5% compared to 2022)”. According to SGCI managers, this favorable revenue trend is based on the growth of businesses whose performance was solid throughout the year

.

Les responsables de la SGCI envisagent une augmentation de capital par incorporation de réserves dans un contexte d' évolution règlementaire en lien avec la nouvelle instruction de the BCEAO

relating to the increase in the minimum capital of banks in the UMOA area now increased to 20 billion FCFA as of January 1, 2024 against 10 billion FCFA currently.
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