Cote d’Ivoire: Ecobank Ivorian Unit Reports 6 Percent Growth in Nine-Month Profit

TLDR

• Ecobank Côte d’Ivoire (ECOC) sees a 6.1% rise in net profit, reaching 38.5 billion FCFA in the first nine months of 2024.
• Bank attributes performance boost to a 61.5% decrease in net cost of risk, with liquidity challenges partially offset by a 6.9 billion FCFA increase in net banking income.
• Despite a slight decrease in total assets and deposits, the bank achieved an 8.1% growth in pre-tax income and improved portfolio health by reducing bad debts by 18%.

Ecobank Côte d’Ivoire (ECOC)…