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The NSIA Group, leader in the bank-insurance sector in West and Central Africa, announces good prospects for the year 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 sales of 258,919 million FCFA in 2019, up from 256,790 million FCFA in 2018. 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 thus both experienced a sharp increase in their net income in 2019: +7,487 million FCFA for the insurance division and +6,139 million FCFA for the

2019 was a year of financial consolidation for the NSIA Group with an increase in the holding's share capital of 30 billion FCFA, as well as a 9% increase in its total balance sheet 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 operational performance in 2019, as evidenced by the increase in our sales and net income,” said Jean Kacou Diagou, Chairman and CEO of the NSIA Group. I would like to thank all the teams at NSIA and our partners who were critical in achieving these results.”

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

About the NSIA Group

The NSIA Group is a financial services group that integrates banking and insurance products and services. The NSIA Group has 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.