Societe Generale Côte d’Ivoire (SGCI), a subsidiary of the French banking group of the same name, will pay its shareholders on June 30, 2021, for the 2020 financial year, an overall net dividend of 11.458 billion FCFA (17.187 million d ‘euros), announced the leaders of this banking establishment based in Abidjan.
This corresponds to a net dividend per share of 368.298 FCFA against 273 FCFA in 2019, i.e. an increase of 95.298 FCFA. The dividend that will be paid at the end of June represents 73.65% of the par value of the share which is 500 FCFA against 54.6% at the end of the 2019 financial year. According to the provisional activity report made public by its managers, at the end of the 2020 financial year, SGCI achieved an after-tax profit of FCFA 48.435 billion, a slight decrease of 3.6% compared to 2019.
Its balance sheet total, on the other hand, rose by 11.36% to 2397.195 billion FCFA against 2,152.649 billion FCFA in 2019. During the year under review, it had to collect from its customers resources of 2006.281 billion FCFA against 1,692.627 billion FCFA in 2019, an increase of 18.5%. At the same time, this banking establishment allocated loans to the same clientele totaling FCFA 1,608.491 billion against FCFA 1,554.447 billion in 2019 (plus 3.5%).
The net banking income, on the other hand, recorded an increase of 9.1% to 164.062 billion FCFA against 150.316 billion FCFA in 2019. Regarding overheads, they were relatively under control since they evolved by only 3.7 % to 80.732 billion FCFA against 77.884 billion FCFA in 2019. The gross operating income for its part increased by 15% to 83.330 billion FCFA against 72.432 billion FCFA at the end of the 2019 financial year. the bank’s cost of risk deteriorated, registering a strong increase of 97% to 24 billion FCFA against 12 billion FCFA in 2019. As for the result before tax, it recorded a decrease of 3.4% at 58.221 billion FCFA against 60.250 billion FCFA in 2019.
