• Net profit rose to CFA83.3 billion, driven by cost control and strong activity.
• Customer deposits increased 13.9% to CFA2,939 billion.
• Loan-to-deposit ratio improved to 84.6% from 72.6% a year earlier.

Société Générale Côte d’Ivoire (SGCI) reported a 12% increase in net profit for the third quarter of 2025, reaching CFA83.3 billion ($146.8 million). In its activity report published on October 29, the company attributed this performance to effective cost management and strong commercial momentum.

Net banking income rose 2.5% year-on-year to CFA200.9 billion, while operating expenses fell 2.7% to CFA75.1 billion. As a result, gross operating income climbed 5.9% to CFA125.9 billion.

The net cost of risk edged up 1.4% to CFA26.3 billion, reflecting a cautious credit policy amid competition and gradual portfolio normalization. Pre-tax profit rose 10.9% to CFA103 billion, driven by strong performance in corporate, professional, and retail segments.

Customer deposits grew 13.9% year-on-year to CFA2,939 billion, while loans remained stable at CFA2,487 billion (+0.2%). This strengthened the loan-to-deposit ratio to 84.6%, up from 72.6% a year earlier.

These results confirm the continuation of a solid trajectory after a record 2024, when net income reached about CFA101.2 billion, up 4.1% year-on-year. SGCI then reinforced its leadership in Côte d’Ivoire’s banking sector, holding around 20% of the loan market and 16% of deposits, and received an AAA rating from Bloomfield Investment Corporation.

“We successfully supported market growth while reducing operating costs. Our investments in digitalization are delivering results,” said Patrick Blas, CEO of SGCI.

Amid robust economic growth and rising competition in Côte d’Ivoire’s banking industry, Société Générale Côte d’Ivoire aims to sustain its performance through digital expansion, cost efficiency, and market share consolidation.