La Société Ivoirienne de Banque (BRVM: SIBC) reported a net profit increase of 11% for the first quarter of 2026 compared to the same period in 2025, according to the bank's financial statement released on April 30, 2026. The growth was attributed to an expansion in its loan portfolio and a larger customer base, reflecting the resilience of the Ivorian economy.
The bank's net profit reached 12.5 billion CFA francs in Q1 2026, up from 11.3 billion CFA francs in Q1 2025. Net banking income rose by 9% to 35.2 billion CFA francs, driven by higher interest income from loans and fees from banking services.
Total assets stood at 1.2 trillion CFA francs as of March 31, 2026, an increase of 7% year-on-year. The bank's loan portfolio grew by 12% to 800 billion CFA francs, while customer deposits rose by 8% to 950 billion CFA francs.
The bank's management cited the favorable economic environment in Côte d'Ivoire, with GDP growth projected at 6.5% for 2026, as a key factor supporting its performance. The bank also benefited from increased digital banking adoption, which reduced operational costs.
Analysts at local brokerage firm SGI noted that the results were in line with expectations, given the strong economic fundamentals in the country. The bank's shares traded at 4,500 CFA francs on the BRVM on May 8, 2026, up 3% year-to-date.
