In 2017, Ivorian banks improved their capacity to grant loans with mobilized resources

Apr 27, 2018 | Ecofin Agency

In 2017, all 27 banks operating in Côte d'Ivoire once again improved their capacity to convert mobilized resources into credits granted to the economy.

This conversion rate was 83.1% on Dec. 31, 2017, up from the 80% recorded in 2016 and 79% in December 2015. Moreover, during the period under review, the outstanding deposits increased from CFA8,587 billion (in 2016) to CFA9,507 billion.

SG-CI, the local subsidiary of French group Société Générale, remains the leading company in terms of resource mobilization, this since it overrun Banque Atlantique Côte d'Ivoire in this segment. During the period under review, it held 15% of market share (17% if we consider only the customer deposits) and CFA1443.3 billion of outstanding deposits.

Let’s note that despite this good performance, the French bank is outrun, in the top 5, by Moroccan banks’ subsidiaries
Banque Atlantique Côte d'Ivoire and Société Ivoirienne de Banque With total outstanding deposits amounting to CFA2,140.5 billion.

Source: Ecofin Agency