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NSIA Banque CI Reports Record Profit at 2023 Annual General Meeting

Thursday, 30 May 2024 20:45
NSIA Banque CI Reports Record Profit at 2023 Annual General Meeting

(Ecofin Agency) - NSIA Banque CI held its Annual General Meeting, attended by Chairman Jean Kacou Diagou and CEO Léonce Yacé. The meeting, held on May 23, 2024, at the CRRAE-UMOA amphitheater in Abidjan-Plateau, reviewed the bank’s financial performance for the year ending December 31, 2023.

During the AGM, the Board of Directors presented a highly positive report, which shareholders unanimously approved. The management reports, auditors' reports, and financial statements were all adopted without reservation. A highlight of the meeting was the announcement of a record net profit of 34.8 billion CFA francs for 2023.

On the Board’s recommendation, shareholders decided on the allocation of this profit, which, combined with the previous year's retained earnings, brought the available balance to 104.8 billion CFA francs. A resolution was unanimously passed to distribute a total gross dividend of 12.5 billion CFA francs, equivalent to 505 CFA francs per share. This dividend will be paid within 45 days of the AGM.

The meeting also reaffirmed NSIA Banque CI's commitment to its stakeholders and its dedication to supporting Côte d'Ivoire's economic and financial development. In 2023, the bank was recognized for its corporate social responsibility efforts and anti-money laundering initiatives. It received the "Best Custodian Bank" award from the Regional Stock Exchange (BRVM).



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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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