During the first half of 2015 ending 30 June 2015, the outstanding balance on loans and customer deposits for the Côte d’Ivoire subsidiary of Société Générale group improved respectively by 31.3% at FCfa 453.3 billion and 16.2% at FCfa 748.14 billion. Personal and corporate credits increased, the financial company explained.

In these conditions, its Net Banking Income increased by 19.3% supported by good interest margins and accounts and commissions revenues which have increased. The gross operating income improved by 29.5% to FCfa 18.27 billion over the period considered, the operating ratio which tracks the weight of the general expenses over the gross national product improved by 54.3% and the ratio of loans over deposits is closing in on 100%.

Despite all these positive performances, SGB CI ended the period with a positive net result, however in decrease of 10.8% at FCfa 12.14 billion. Management explained this situation by the increase of 12% in its general expenditure, mainly due to the personnel costs, incurred by the increase in salaries and the financing of the voluntary retirement plans coming into force.

The progression of SGB CI will be worth following on the West African financial market (BRVM) located in Abidjan. The market seems to have noted the half year performance, with the stock price increasing slightly (+0.18%) in a rotation volume of 1503 stocks, for a global value of FCfa 210.42 million.