Cote d’Ivoire: Société Générale Côte d’Ivoire Profit Falls As Investment Costs Rise

Société Générale Côte d’Ivoire, the Abidjan-based subsidiary of the French banking group, reported net profit of 24 billion FCFA ($42.9 million) in the first quarter of 2026, down 11% from 27.1 billion FCFA ($48.4 million) in the same period of 2025 — a decline the bank attributed entirely to a deliberate increase in investment spending rather than any deterioration in the business itself.

Revenue held essentially flat at 65.6 billion FCFA ($117.2 million), a stable performance that the bank…