Cote d’Ivoire: Waemu’s Largest Bank Société Générale Sees 12 Percent Profit Jump

TLDR

• Société Générale Côte d’Ivoire (SGBC) reports a 12% profit increase, reaching 74.5 billion FCFA, driven by effective expense management and a 14% rise in pre-tax profit to 92.9 billion FCFA year-on-year.
• Despite a 3% decrease in customer deposits, SGBC showcases a 9% increase in outstanding loans, totaling 2,481 billion FCFA, and a 6% growth in net banking income to 196 billion FCFA.
• Bloomfield Investment Corporation elevates SGBC’s rating to AAA, reflecting confidence in its financial…