The Ivorian subsidiary of the French banking group Societe Generale, Societe Generale de Banks de Cote d’Ivoire (SGBCI), posted an after-tax profit of 39.624 billion FCFA (around 59.435 million dollars) at the end of the 2017 financial year.
The bank thus achieved a profit increase of CFAF 4,194 billion compared to the financial year 2016 when it stood at CFAF 35,430 billion.
Total customer deposits are estimated at CFAF 1,286,161 billion against CFAF 1,177.156 billion in 2016, or 9.44% increase. In addition, total loans increased by 25.68% to reach CFAF 1,104.326 billion against CFAF 878.654 billion at the end of the previous year.
With CFAF 139.359 billion for the financial year concerned, SGBCI’s banking revenues increased by CFAF 22,300 billion compared with CFAF 117,063 billion in 2016. Banking operating expenses also increased by CFAF 7,518 billion. at 34.748 billion FCFA against 27.228 billion FCFA in 2015.
