BICICI (International Bank for Commerce and Industry of Côte d’Ivoire), a subsidiary of BNP Paribas, recorded a decline in its net profit of 2.76 billion FCFA (4.2 million euros) the year 2017. The bank has indeed made the year with a net profit of 9.29 billion FCFA (14.16 million euros) against 12.046 billion FCFA (18.36 million euros) at the end of 2016, a drop of nearly 23%.
This result contrasts with the evolution of profit in 2016, which had increased by 2.84 billion FCFA (4.3 million euros), an increase of 31% compared to 2015 when the establishment had collected 9,202 billion FCFA (EUR 14.03 million) of net profit.
Even though the profit and loss account presents a positive evolution of the headings at the level of the products, one notes on the other hand a more than proportional increase of the loads. These include “Financial lease and similar transactions”, CFAF +1.4 billion (€ 2.2 million), “General operating expenses”, and CFAF 2.45 billion (3). , 73 million euros), not to mention the explosion of the “Balance in loss of value adjustments on receivables and off balance sheet”, +7.98 billion FCFA (12.2 million euros).
BICICI will have the opportunity to explain these imbalances at the general meeting planned for June 7th. The bank has from time to time propose to its shareholders the distribution of 3.93 billion FCFA (6.02 million euros) of gross dividend, which represents a remuneration of 236 FCFA (0.36 euro) per share, or 23.6% of the nominal value of the share.
