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Ecobank CI: Figures up in the first half of 2021

20/09/2021
Categories: Companies

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Ecobank Côte d'Ivoire continues its performance started in 2020. Despite the covid-19, the bank records a new record.

 

Ecobank CI looks set to set a new earnings record, but has a lot to do with its cost of risk. The pre-tax profit of the third largest banking asset in UEMOA stands out with an increase of 31% compared to the end of June 2020, while its net profit, meanwhile, increased by 18%, to 14.74 billion FCFA. ($26.8 million). Thus, the income of the financial intermediary increased by 8.2% to 42.3 billion FCFA, supported by a revival of activities on foreign exchange transactions. Non-interest income (net commissions) having increased by 50.9% to 13.4 billion FCFA against 8.9 billion FCFA in June 2020, mitigated a 4.4% drop in interest income on operations with the customer base. Ecobank CI is satisfied with the management of its charges, which fell by approximately 6.8%. Third bank in UEMOA in terms of assets and deposits, Ecobank CI continued to consolidate its position during the first half of this year. Indeed, its total balance sheet is recorded at 1550.4 billion FCFA, up 12.8% compared to June 30, 2020 (1374.2 billion FCFA). This increase was mainly supported by growth in deposits (+32.3%), with loans increasing by 3.3%.

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