NSIA Banque Côte d'Ivoire increases its registered capital from 23.17 billion to 24.73 billion CFA francs (approximately 45 million USD). This is one of the key points of an Extraordinary General Meeting of Shareholders that will take place on November 9, 2020 virtually from the bank's headquarters in Abidjan

This action is the result of an operation by which the NSIA Bank Benin branch provides to NSIA Banque Côte d'Ivoire, under the Partial Asset Transfer legal regime, all the assets, rights and obligations, as well as the liabilities, relating to the complete and autonomous branch of activity of its Ivorian branch, subject to approval by the Extraordinary General Assembly of NSIA Bank B Benin, the said contribution, its valuation, its remuneration and the corresponding increase in the capital of NSIA Banque

“The valuation made on the basis of net book values of assets contributed equal to 131,029,645,425 CFA francs and assumed liabilities equal to 124,602,473,917 CFA francs, i.e. net assets contributed equal to 6,427,171,508 CFA francs, based on the social accounts of the Ivorian branch of NSIA Banque Bénin as at 31 December 2019”, reads the draft resolution signed. by Jean Kacou Diagou, the Chairman of the Board of Directors

The shareholders of NSIA Banque Côte d'Ivoire will therefore have to approve the award to the Shareholders of NSIA Banque Bénin, in return for the contribution made, of 1,564,572 new shares of NSIA Banque Côte d'Ivoire, with a nominal value of 1,000 CFA francs each, to be created by NSIA Banque Côte d'Ivoire in order to increase its share capital.

Thus, following the adoption of this first resolution, the share capital will be increased by the sum of 1,564,572,000 CFA francs through the creation of 1,564,572 shares of 1,000 CFA francs each, fully released and enjoying on 1 January 2020. The shareholding, which is 23.17 billion FCFA, divided into 23.17 million shares of 1,000 CFA francs each, will therefore increase to 24,734,572,000 CFA francs

Fourth in the 2019 ranking of UMOA banks in terms of total balance sheet after Société Générale Côte d'Ivoire, Banque Atlantique Côte d'Ivoire and Côte d'Ivoire Ecobank Côte d'Ivoire, NSIA Banque Côte d'Ivoire is controlled, as of 31 December 2019, at 30.6% by NSIA-Vie Assurance CI, at 27.6% by NSIA Participations and at 16.75 by the National Social Insurance Fund (CNPS). In 2019, the bank achieved an after-tax profit of 13.617 billion CFA francs, up by 11.65% over

Its branch in Benin is ^3rd on the local market with a total balance sheet of 577.574 billion as of December 31, 2019.