Sunday , April 18 2021

funds in the banking sector rose by 15% in 2018 to $ 21.84 billion



(Agence Ecofin) – The assets of banks operating in Ivory Coast reached $ 12.760 billion ($ 21.84 billion) as of 31 December 2018, up 15 percent from December 31, 2017. Professional Association of Banks and Financial Institutions on the Ivory Coast (APBEF-CI), April 25.

The association explained the strong growth of the bank's assets with the strong economic growth registered in Ivory Coast. Africa's gross domestic product (GDP), the world's largest economy in Africa and the world's largest cocoa producer, increased by 7.7% in 2018 and 7.6% in 2017.

The APBEF-CI also revealed that bank deposits reached 8.350 billion francs in 2018, compared to $ 7.480 billion in 2017.

Loans paid by Ivorian Banks amounted to 7,006 billion CFA francs in 2018 compared with $ 6,280 billion in 2017.

"The banking sector is doing well". welcomed APBEF-CI President Guy Koizan (photo), while pointing out that the digital shift will further strengthen the sector.

Read also:

21/04/2017 – Ivory Coast Property Bank rose 11% in 2016 to $ 12.6 billion

26.04.2015 – Societe Generale Ivory Coast announced a net income of 6% in 2018, at $ 72 million

17/05/2012 – Moussa Dosso: "After 50 years of independence, Ivorians remain fearful of the bank"

27/04/2012 – Ivory Coast: "Tomorrow's Bank is Electronic Banking and M-Banking"

08/03/2012 – Ivory Coast: total balance sheet of banks progress to 4,000 billion FCFA


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