CBI: NBI up 43%

CBI: NBI up 43%

With an operating ratio reduced to 31% at the end of the 2019 financial year against 40% in 2018, Coris Bank Côte d’Ivoire is the banking champion of cost optimization. On this ratio, which expresses the relationship between operating expenses and NBI, the banking sector is evolving at an average of 45%. This good behavior, which expresses the degree of digitization of the back office and customer relations, adds to appreciable commercial performance. Thus, the bank’s NBI stood at 28,170 million CFA francs, up 43%. As for the net result, it stands at 15 billion CFA francs, up 97%.

In 2019, bank deposits reached 307 billion CFA francs, up 36% year-on-year and testifying to customer confidence. As for assistance to the economy, they amounted to 287 billion CFA francs, up 44%. The bank has a transformation rate (credit to deposit ratio) of 93%, which reflects the dynamism of loans to economic agents, States, companies and households. On the strength of this progress, Coris Bank Côte d’Ivoire saw its total balance sheet rise to 491.6 billion CFA francs, up 43%.

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