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Société Générale Côte d’Ivoire reports 10% profit rise in H1 2025

Société Générale Côte d’Ivoire reports 10% profit rise in H1 2025
Thursday, 04 September 2025 05:37
  • Net profit up 10% to CFA53bn ($94m), backed by stronger balance sheet and equity
  • Total assets rose 6% to CFA3.72tr, while equity grew 12% to CFA446.8bn
  • Bank builds on 2024 AAA rating and multiple awards in 2025

Société Générale Côte d’Ivoire (SGCI) presented its first-half 2025 results at a press conference on September 2, attended by CEO Patrick Blas, his deputies, and CFO Anne-Marie Keïta.

The bank reported a net profit of CFA53 billion ($94 million), up 10% year-on-year. Total assets reached CFA3.72 trillion, up 6%, while equity grew 12% to CFA446.8 billion, strengthening its position in Côte d’Ivoire’s banking sector.

“It has been a very satisfying first half. Several strategic initiatives we launched are now starting to deliver results,” Blas said.

The performance comes after the Central Bank of West African States (BCEAO) cut its key rate by 25 basis points in June, easing financing conditions and boosting banking sector liquidity.

SGCI, which became the first Ivorian bank to earn a AAA rating from Bloomfield Investment in 2024, also received multiple awards in 2025, including the FGDR-UMOA Special Board Prize for credit institutions and the Listed Company of the Year Award at the BRVM Awards 2025.

Blas praised the results as confirmation of SGCI’s “strength, resilience, and consistent performance.” He added: “Our outlook is to continue serving all Ivorians and to grow wherever opportunities arise.”

In H1 2025, net banking income reached CFA132 billion, despite weaker fee income.

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