Cote d’Ivoire: SIB Q1 Profit Jumps 11 Percent As Ivorian Economy Holds Course

Societe Ivoirienne de Banque (BRVM: SIBC) delivered a strong start to 2026, with net profit up 11% in the first quarter against the same period last year, as both its loan book and deposit base expanded and cost discipline held.

Deposits grew 9% to 1,495 billion FCFA ($2.67bn) and loans grew 7% to 1,112 billion FCFA ($1.99bn) — a healthy gap that signals the bank is funding its lending growth from customer deposits rather than wholesale borrowing. Net banking income rose 4% to 27.7 billion FCFA…