• Net profit rose to CFA27.4 billion ($48 million) in the third quarter
• Banking income grew 16.4%, driven by fees and intermediation margin
• Deposits up 22.5% as BICICI strengthens local investor-led strategy

The International Bank for Commerce and Industry of Côte d’Ivoire (BICICI), now controlled by a consortium of Ivorian institutional investors including BNI, CNPS, CDC-CI, and IPS-CGRAE following BNP Paribas’s withdrawal, reported a 50.8% surge in net profit in the third quarter of 2025, reaching CFA27.4 billion (about $48 million), according to its activity report released October 29.

Net banking income rose 16.4% to CFA58.1 billion from CFA49.9 billion a year earlier, driven by a 24.9% increase in net fees and a 10.4% rise in intermediation margins supported by retail and corporate banking operations.

Current profit before tax climbed 46.8% to CFA30.2 billion, reflecting improved profitability and effective cost control.

On the balance sheet side, customer deposits jumped 22.5% to CFA912.9 billion, while net loans to customers declined slightly by 3.6% to CFA527.3 billion. The bank attributed the decrease to a more selective lending policy focused on portfolio quality.

BICICI said the results confirm the strength of its business model and the positive momentum since its divestment by BNP Paribas. The bank aims to sustain this trajectory through the final quarter of 2025 by consolidating domestic operations and maintaining strict discipline in risk and cost management.