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Accueil  Finance  Banks  Good performance of the NSIA Group allows it to cope with the...

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Good performance of the NSIA Group allows it to cope with the current pandemic context

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22 December, 2020

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The NSIA Group, leader in the bancassurance sector in West and Central Africa, announces good prospects for 2020 and thus continues the upward trend achieved in 2019. Indeed, the 2019 annual results show a strong increase in performance over this period.

The NSIA Group posted a turnover of 258,919 million FCFA in 2019, up compared to the 2018 financial year when it amounted to 256,790 million FCFA. The group's performance during 2019 is reflected in the strong increase in its net income, from a loss of 366 million FCFA in 2018 to a profit of 15,032 million FCFA in 2019. The two divisions of the NSIA Group both experienced a strong increase in their net income in 2019: +7,487 million FCFA for the insurance division and +6,139 million FCFA for the banking division.

The year 2019 was a year of financial consolidation for the NSIA Group with an increase in the Share Capital of the Holding to the tune of 30 billion FCFA, as well as a 9% increase in its balance sheet total to 1,654,034 million FCFA, thus strengthening its financial credibility in the eyes of investors and rating agencies.

"The NSIA Group achieved a very good operating performance in 2019, as evidenced by the increase in our revenue and our net income," said Jean Kacou Diagou, Chairman and Chief Executive Officer of the NSIA Group. I would like to thank all the NSIA teams and our partners who have been instrumental in achieving these results."

"In 2019, the NSIA Group continued its transformation to be prepared for the challenges of the future and always better meet the demanding and evolving needs of its customers," adds B. Janine Kacou Diagou, Chief Executive Officer of the NSIA Group. 2019 was an excellent year, 2020, despite the crisis, has allowed us to demonstrate our resilience and become the African Financial Group of reference, leader in each of its businesses in each country."

About NSIA Group

The NSIA Group is a financial services group that integrates banking and insurance products and services. The NSIA Group, is strong of 3 Banks, 3 bank branches, 21 Insurance Companies, 1 Management and Intermediation Company (SGI), 1 UCITS Management Company, 1 Real Estate Company, 1 Reinsurance Brokerage Company, and 1 Foundation. It has more than 2,800 employees.