NSIA Banque CI Posts $12M Profit in Q1 Amid Stable Growth
TLDR
- NSIA Banque CI (BRVM: NSBC) reported a net profit of 7.1 billion CFA francs ($12.2 million) for the first quarter of 2025
- Net Banking Income (NBI) reached 22.4 billion CFA francs as of March 31, a 2.5% increase year-on-year, supported by higher interest margins from customer loans
- The bank reaffirmed its 2025 strategy to strengthen commercial performance, manage costs rigorously, and improve the customer experience
NSIA Banque CI (BRVM: NSBC) reported a net profit of 7.1 billion CFA francs ($12.2 million) for the first quarter of 2025, reflecting moderate growth and resilience in a challenging economic environment. Net Banking Income (NBI) reached 22.4 billion CFA francs as of March 31, a 2.5% increase year-on-year, supported by higher interest margins from customer loans.
Pre-tax profit rose 1.7% to 7.9 billion CFA francs, with the bank attributing the performance to a reduction in the net cost of risk. Net loans grew by 2.4% from December 2024 to 1.574 billion CFA francs, while customer deposits climbed 4.8% to 1.783 billion CFA francs. Total assets exceeded 2,560 billion CFA francs.
The bank reaffirmed its 2025 strategy to strengthen commercial performance, manage costs rigorously, and improve the customer experience, aiming to consolidate its gains and maintain profitability.
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Key Takeaways
NSIA Banque CI’s solid Q1 2025 earnings highlight its disciplined balance sheet management and conservative risk posture amid regional economic uncertainty. With rising customer deposits and loan book growth, the bank continues to operate from a position of strength. Its focus on operational efficiency and service improvement aligns with broader trends among West African banks navigating regulatory shifts and competitive digital disruption. Maintaining profitability while expanding lending selectively will be key as NSIA Banque targets sustainable returns through 2025.
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