The net banking income (NBI) of Société Générale Côte d'Ivoire (SGCI) recorded an annual increase of 88.732 billion FCFA in the first half of 2021. The figures were published by company officials on Wednesday, September 8, 2021.

Societe Generale Côte d'Ivoire (SGCI) figures show an annual increase of 12% in net banking income, which stands at 88.732 billion FCFA. This growth is supported by an increase in the net interest margin (+11%) in connection with the evolution of outstanding loans and commissions and other income (+14%). Net income stood at 30.894 billion FCFA (56 million USD), up +28% compared to June 2020. For its part, the net cost of commercial risk recorded 9.066 billion FCFA at the end of June 2021. increased by 13% while the cost/income ratio remained almost stable at 48%. As regards the solvency ratio, it stood at 15.4% at the end of June 2021, an improvement of +205 bps compared to the level of June 2020 (13.4%), compared to a regulatory minimum of 10.735%.