{"id":183978,"date":"2024-11-05T13:24:53","date_gmt":"2024-11-05T11:24:53","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/ivory-coast\/cote-divoire-ecobank-ivorian-unit-reports-6-percent-growth-in-nine-month-profit\/"},"modified":"2024-11-05T13:24:53","modified_gmt":"2024-11-05T11:24:53","slug":"cote-divoire-ecobank-ivorian-unit-reports-6-percent-growth-in-nine-month-profit","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/ivory-coast\/cote-divoire-ecobank-ivorian-unit-reports-6-percent-growth-in-nine-month-profit\/","title":{"rendered":"Cote d&#8217;Ivoire: Ecobank Ivorian Unit Reports 6 Percent Growth in Nine-Month Profit"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"1\"><em>TLDR<\/em><\/p>\n<ul>\n<li> Ecobank C\u00f4te d&#8217;Ivoire (ECOC) sees a 6.1% rise in net profit, reaching 38.5 billion FCFA in the first nine months of 2024.<\/li>\n<li> 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.<\/li>\n<li> 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%.<\/li>\n<\/ul>\n<p class=\"story-body-text\" data-para-word-count=\"58\">Ecobank C\u00f4te d&#8217;Ivoire (<a href=\"https:\/\/dabafinance.com\/en\/capitalmarkets\/ECOC\" target=\"_blank\" rel=\"noopener\">ECOC<\/a>)&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202411040471.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 West Africa <a title=\"Ivory Coast\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/west-africa\/ivory-coast\/\">C\u00f4te d\u2019Ivoire (Ivory Coast)<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Ecobank C\u00f4te d&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":183979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[1087],"tags":[258,256,5958,6183,6555,5959,14221,6641,6800,1218,257,25205,6720,15693,8327,254,13013],"class_list":["post-183978","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ivory-coast","tag-africa","tag-africa-news","tag-cote","tag-cote-divoire","tag-cote-divoire-news","tag-divoire","tag-growth","tag-ivorian","tag-ivory-coast-news","tag-news","tag-ninemonth","tag-percent","tag-profit","tag-reports","tag-south-africa-today","tag-unit"],"fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/183978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=183978"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/183978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/183979"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=183978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=183978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=183978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}