🇨🇮Côte d'IvoireWest Africa
SIB achieves 56 billion FCFA net profit in 2025, an 11% increase from 2024
via Abidjan.net9 min read
Société Ivoirienne de Banque SIB, a subsidiary of the Moroccan banking group Attijariwafa Bank, reported a net profit of 55.6 billion FCFA as of December 31, 2025. This represents an 11% increase compared to 50.2 billion FCFA recorded at the same period in 2024, according to its 2025 activity report released on Thursday, April 23, 2026. The bank highlighted its robust economic model and ability to generate profitable and sustainable growth. SIB maintained all prudential ratios and a strong capital base, with a solvency ratio exceeding 14%, well above the regulatory threshold. Financing granted by the bank increased by 11% to 1,227 billion FCFA, demonstrating its support for various client segments. The balance sheet total reached 1,882 billion FCFA by the end of 2025, an annual increase of 12%. Management expenses were controlled at 42 billion FCFA in 2025, a 4% annual rise, leading to an improved operating coefficient of 38.6%. The cost of risk decreased by 30% to 3.6 billion FCFA, reflecting prudent risk management. The Board of Directors plans to propose a gross dividend of 425 FCFA per share at the next Annual General Meeting, corresponding to an estimated yield of 7.39% based on the December 31, 2025, share price. SIB, which has been a subsidiary of Attijariwafa Bank since 2009, operates 71 branches across Côte d'Ivoire and aims to continue its active role in financing the Ivorian economy through its "IMPULSION 2028" strategic plan.
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This summary was AI-generated from a story originally published by Abidjan.net.
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