NSIA Banque CI Reports 12% Profit Growth in First Half

BREAKING NEWSAugust 27, 2025 at 10:26 AM UTC

TLDR

NSIA Banque Côte d’Ivoire said profit rose 12.3% in the first half of 2025 as lending and deposits expanded, though higher risk costs weighed on results
Net income stood at 16.3 billion CFA francs ($26 million) at the end of June, up from 14.5 billion CFA francs a year earlier, the bank said in a statement
Deposits climbed 14% to 1,934 billion CFA, driven by growth in demand and term deposits. Customer loans rose 9% to 1,673 billion CFA

NSIA Banque Côte d’Ivoire said profit rose 12.3% in the first half of 2025 as lending and deposits expanded, though higher risk costs weighed on results.

Net income stood at 16.3 billion CFA francs ($26 million) at the end of June, up from 14.5 billion CFA francs a year earlier, the bank said in a statement. Net banking income grew 10.6% to 50.5 billion CFA, while the interest margin rose 22% to 34.4 billion CFA.

Deposits climbed 14% to 1,934 billion CFA, driven by growth in demand and term deposits. Customer loans rose 9% to 1,673 billion CFA. Operating expenses increased 6% to 24.6 billion CFA, while commissions fell 7.7% to 16.2 billion CFA. The bank’s cost-to-income ratio improved to 56.9% from 59.9% in the previous year.

NSIA Banque CI said it will focus on sustaining revenue growth in the second half while maintaining strict risk controls. The lender also expanded financing initiatives in renewable energy, women-led businesses, and ecological transition projects.

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Key Takeaways

NSIA Banque’s growth reflects the broader trend in Côte d’Ivoire’s banking sector, where deposits and new accounts are expanding as financial inclusion deepens. According to the Central Bank of West African States (BCEAO), more than 1.4 million new accounts were opened in the WAEMU region in 2024, bringing the total to 22.2 million. Still, strict banking penetration stood at only 24.3% in 2024, underscoring untapped potential. Competition is rising as regional and pan-African lenders expand in the market. Ecobank, Société Générale, and Bank of Africa are all pushing digital banking and SME financing, areas where NSIA Banque is also investing. The upcoming launch of the WAEMU instant payments platform in September 2025 could reshape transaction flows and intensify competition. For NSIA Banque, sustaining profitability will depend on balancing lending growth with asset quality, while leveraging inclusion initiatives to capture new customers.

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