Cote d’Ivoire: Ivorian Lending Bici Reports 23 Percent First-Quarter Profit Growth

TLDR

• Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire (BRVM: BICC) reported first-quarter net profit of 8.01 billion XOF ($13.9 million)
• Net banking income rose 9.3% to 18.13 billion XOF ($31.4 million) from 16.59 billion XOF ($28.7 million) in the same period last year
• The improved performance stemmed from higher interest margins on the expanded loan portfolio and strong fee income growth

Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire (BRVM:…