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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 5 sources · 4 days · First seen · Last updated
NSIA Banque Côte d'Ivoire financial activities
Overview
NSIA Banque Côte d'Ivoire has engaged in both strategic financing and reported shifts in its financial performance. The bank announced a €100 million syndicated financing package, arranged by Citibank and involving international lenders such as FinDev Canada and KEXIM Global (Singapore) Ltd. This funding is designated to support small and medium-sized enterprises (SMEs), with 30% of total funds earmarked for women-led businesses, and to fund solar energy projects for commercial and industrial buildings.
In its H1 2026 financial report, the bank noted a decline in net profit, which fell to 14.5 billion FCFA from 16.3 billion FCFA in the previous year. While net banking income increased by 6% to 53.7 billion FCFA, profitability was impacted by a higher net risk charge, which rose to 6.5 billion FCFA. The bank attributed this to a review of its loan portfolio and increased provisioning for credit and operational risks. Additionally, while customer deposits grew by 15%, outstanding loans decreased as seasonal business loans were repaid.
Entities
FinDev Canada · NSIA Banque Côte d’Ivoire · Côte d'Ivoire · KEXIM Global (Singapore) Ltd. · Citibank
Timeline
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[BUSINESS] 2 sourcesNSIA Banque Côte d’Ivoire reports H1 2026 profit decline
NSIA Banque Côte d’Ivoire saw its H1 2026 net profit drop 11% to 14.5 billion FCFA, as rising risk provisions offset a 6% increase in banking income.
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[BUSINESS] 3 sourcesNSIA Banque Côte d'Ivoire raises €100 million for SMEs and solar projects
NSIA Banque Côte d'Ivoire secured €100 million in syndicated financing to support SMEs, women-led businesses, and solar energy projects in Côte d'Ivoire.
Sources
abidjan4all.info · afrikactus.com · businessamlive.com · businessincameroon.com · ecofinagency.com