Cote d'Ivoire: Ivorian Unit of Socgen Nets $148m in Third-Quarter Profit
Société Générale Côte d'Ivoire (SGCI) reported a 12% year-on-year increase in net profit to 83.3 billion CFA francs (about $147 million) for the third quarter of 2025.
- Net banking income rose 2.5% to 200.9 billion CFA francs.
- Operating expenses fell 2.7% to 75.1 billion, improving efficiency.
- Gross operating income reached 125.9 billion CFA francs, up 5.9%.
- Pre-tax profit increased 10.9% to 103 billion.
Customer deposits grew 13.9% to 2.94 trillion CFA francs, lifting the loan-to-deposit ratio to 84.6%.
The cost of risk rose slightly by 1.4% to 26.3 billion, remaining under control.
The results reaffirm its leading position in Côte d'Ivoire's financial sector after a record performance in 2024.
Author's summary: SGCI reports $147 million net profit in Q3 2025.
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