Profit drops sharply in first nine months

NSIA Banque Côte d'Ivoire reported a net profit of nearly 18.4 billion CFA (31.3 million $) for the first nine months of 2026, down from 25 billion CFA a year earlier. This represents a 26.6 percent decline, with a reduction of 6.649 billion CFA in profit.

Banking income declines

The net banking income, which measures income from banking activities, fell by 5 percent to 73.5 billion CFA. Interest margin dropped from 54.1 to 52.5 billion CFA, and net commissions decreased from 23.2 to 21.1 billion CFA. Management attributed these changes to a contraction in credit and declining income from leasing.

Earlier performance shows mixed results

In the first half of 2026, net banking income increased by 6 percent to 53.7 billion CFA, according to a semi-annual communiqué from October 23. However, profit had already declined by 11 percent to 14.5 billion CFA. The net cost of risk, including provisions on credits, rose from 4.2 to 6.5 billion CFA after a review of the loan portfolio.

Pre-tax results and credit trends

As of September, the pre-tax result decreased by 27.7 percent to 20 billion CFA. The bank noted a decline in revenues and prudent provisioning on certain commitments, though it did not specify the exact amounts. Net credits to customers reached 1472.6 billion CFA, down 19 percent compared to December 2025, with several one-time financings unwound.

Deposits fall and future plans

Deposits amounted to 2011.1 billion CFA, a 10.3 percent decrease from the end of December 2025, mainly due to a drop in demand deposits. Despite this, demand deposits remained up by 2.1 percent over a year. For the last quarter, NSIA Banque CI plans to relaunch its credit production and diversify its commissions.