NSIA Banque Côte d’Ivoire, the second-largest bank in the WAEMU by total assets, reported a net profit of CFA25.03 billion (about $44 million) as of September 2025, up 6% from a year earlier, supported by higher interest margins and loan portfolio growth.
Net banking income stood at CFA77.36 billion, compared with CFA72.57 billion a year earlier, a 7% increase, according to the bank’s quarterly report released Wednesday, October 29, 2025. The rise was mainly driven by a 21% increase in interest margins, reflecting growth in customer loans and income from securities.
Pre-tax profit reached CFA27.66 billion, up 6% from CFA25.98 billion a year earlier.
Outstanding loans totaled CFA1.77 trillion, up 16% from December 2024, driven by short- and medium-term advances. Customer deposits also rose 16% to CFA1.97 trillion, supported by growth in demand, term, and guarantee deposits. Total assets reached CFA2.83 trillion, an annual increase of 12%.
A subsidiary of the NSIA financial group, NSIA Banque CI said it will maintain a prudent growth strategy in the fourth quarter, focused on risk and cost control amid continued market competition.
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
DR Congo approves $7 million Kinshasa poultry project with Egg's For Congo Ten-year PPP aims to manage parent farms and industrial...
Nigeria launches $500 million SPIN irrigation and hydropower project Project will rehabilitate 40,000 hectares and improve water...
Middle East conflict disrupts shipping routes, raising costs and delays Major carriers impose conflict surcharges on routes to African ports Detours,...
Standard Bank explores infrastructure investment opportunities in DR Congo Talks focus on transport, energy and economic infrastructure...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...