BICICI Reports Strong Profit Growth and 17.1% Rise in Net Banking Income in Q1 2026

The International Bank for Commerce and Industry of Côte d’Ivoire (BICICI), which is 67.49% owned by a consortium comprising the National Investment Bank (BNI), the National Social Security Fund (CNPS), the General Pension Fund for State Employees (IPS-CGRAE), and the Deposit and Consignment Fund of Côte d’Ivoire (CDC-CI), reported strong financial growth in the first quarter of 2026. According to the bank’s leadership, net banking income (NBI) rose by 17.1% compared to the same period in 2025.

The BICICI bank’s activity report shows that NBI increased from 18.130 billion FCFA (32.634 million dollars) as of March 31, 2025, to 21.214 billion FCFA (38.185 million dollars) as of March 3st, 2026. This improvement was attributed to both a solid progression in the intermediation margin and strong performance in net commissions, as highlighted by the bank’s management.

However, during the same period, BICICI’s net loans to customers declined by 4.47%. They decreased from 548 billion FCFA in the first quarter of 2025 to 523.3 billion FCFA in the first quarter of 2026. In contrast, customer deposits recorded a notable increase of 14.46%, reaching 996.392 billion FCFA compared to 871 billion FCFA a year earlier.

Profitability indicators for BICICI also showed significant improvement

The current result before tax rose by 21.12%, reaching 11.223 billion FCFA, up from 9.266 billion FCFA on March 31, 2025. Similarly, net profit experienced strong growth, increasing by 30% to 10.387 billion FCFA, compared to 8.011 billion FCFA in the same period of the previous year.

Looking ahead, BICICI’s leadership indicated that the bank plans to maintain its current commercial momentum in the coming quarters. This strategy will be supported by continued attention to risk management and careful control of operating expenses, with the aim of sustaining performance and ensuring stable growth.

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(Featured image by Sasun Bughdaryan via Unsplash)

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First published in Financial Afrik. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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