NSIA Banque's net banking income contracted by 7% in 2019.  The bank, which certainly negotiated its margins on interest and commissions, posted a net profit of 14 billion CFA francs, up 12% from one year to the next. It should be noted that the institution founded by Jean-Kacou Diagou saw its balance sheet total increase by 10%, from 1,084 billion FCFA in 2018 to 1,194 billion FCFA in 2019, or 1.8 billion euros. "This growth in the balance sheet is the result of the strong increase in net loans granted to customers (CFAF 810 billion, or +10%), customer deposits (CFAF 754 billion, or +5%), the securities portfolio (CFAF 42 billion, or +19%) and equity (CFAF 97.2 billion, or +10%)," the bank said in a statement. The increase in loans and deposits demonstrates the trust placed in us by our customers," said Léonce Yacé, Chief Executive Officer of NSIA Banque CI.

At the end of the 2019 financial year, NSIA Banque CI remained in the top 5 of the Ivorian banking market thanks to an increase in net outstanding loans to customers and customer resources.

A shock plan against Covid-19

In response to the unexpected shock of the coronavirus, NSIA Ci Bank has triggered its business continuity plan in order to maintain its level of service and to be at the side of its customers in the face of this situation. On 23 March 2020, a crisis committee was set up within the Board of Directors to monitor the evolution of the level of operations and the evolution of the situation of the Bank's employees. The Regulator has enacted a series of measures to mitigate the impact of the pandemic on the banking system and to ensure the continuity of the financing of economic activity in the Union. The objective of these measures is to ensure the liquidity of the banking market and to limit the impact on the quality of the portfolio.

Despite this situation, NSIA Banque CI intends to deploy the new 2020 – 2024 strategic plan approved by the Board of Directors at its December 2019 session. This ambitious program will lead the Bank towards a new economic model.