Ecobank Côte d’Ivoire boosts interest while tightening credit lines

Strong earnings growth, generous dividends, remarkable stock market performance: the Ivorian subsidiary of the pan-African banking group is showing sustained momentum.

On Thursday March 20th 2025, Ecobank Côte d’Ivoire unveiled its financial results for the 2024 financial year. With a historic net profit of FCFA 57.5 billion ($95 million), up by almost 20%, and net banking income up by 11%, the bank has turned in a solid performance, welcomed by the market (+4.56% on 21 March).

Behind this growth, however, lies a strategy marked by a degree of prudence: reducing the loan portfolio, refocusing on government securities, and a slight fall in deposits.

Ecobank CI’s net banking income (NBI) was FCFA 122.3 billion in 2024, compared with FCFA 110.2 billion a year earlier, representing annual growth of 11%.

This growth was driven almost equally by the net interest margin, which accounted for 52% of revenues (up 8% year-on-year), and non-interest income, up 14.5%, which now accounts for 48% of NBI.

source: agence ecofin