🇨🇮Côte d'IvoireWest Africa
Société Générale Côte d’Ivoire announces over 81 billion FCFA in dividends
via Abidjan.net9 min read
Société Générale Côte d’Ivoire SGCI announced a significant dividend distribution of 81.081 billion FCFA for the 2025 financial year, a substantial increase from 57.9 billion FCFA the previous year. This announcement was made by SGCI Director General Patrick Blas during the presentation of the bank's 2025 financial results and 2026 outlook in Abidjan-Plateau on April 17, 2026. The dividends represent 80% of the net profit, which exceeded 101 billion FCFA, with a total of 31 million shares. Blas highlighted a 40% increase in share value compared to the previous year, attributing the strong performance to the bank's robust economic model and confidence in its future prospects. The bank's total balance sheet reached 3,769 billion FCFA, up 4.3% from 2024, and credit outstanding grew by 2.9% to 2,546 billion FCFA, despite a slowdown in economic activity in late 2025. Deposits rose by 5.8% to 2,908 billion FCFA, improving the credit-to-deposit ratio to 87.6%. While general expenses increased by 7.3% due to exceptional costs like headquarters renovation, the operating ratio remained controlled at 38.8%. The net cost of risk also rose by 29.2%, reflecting prudent portfolio management. The non-performing loan rate stood at 8% with an 82% coverage rate, indicating solid asset quality. The net profit of 101.352 billion FCFA remained stable compared to 2024, confirming the bank's resilience in a challenging environment. For 2026, SGCI plans to strengthen its market position by focusing o
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