Benin’s Banque internationale pour l’industrie et le commerce (BIIC) reported CFAF21.203 billion in net profit for the first nine months of 2026, up 64% from CFAF12.963 billion a year earlier. The lender, listed on the regional BRVM exchange, released its activity report covering the period to 30 September on 10 November.
Net banking income rose 27% to CFAF45.265 billion, supported by a 40% increase in the net interest margin to CFAF37.578 billion. Interest earned on customer loans climbed 27%, while the cost of funding rose by 4%, according to the bank. Net interest income now accounts for 83% of total net banking income.
In CFAF billion
Source: BIIC, third-quarter 2026 activity report, cumulative nine months to 30 September 2025 and 2026, p. 2.
| Net profit | Net banking income | |
|---|---|---|
| Jan–Sep 2025 | 12,963 | 35,720 |
| Jan–Sep 2026 | 21,203 | 45,265 |
Operating costs fall as credit risk charges rise
Revenue growth came alongside a 3% decline in general expenses to CFAF14.361 billion, bringing the cost-to-income ratio down from 41.6% to 31.7% year on year. Credit risk costs nevertheless rose 14% to CFAF8.188 billion. Net commission income fell 9% to about CFAF7.5 billion despite growth in the bank’s electronic payment activities.
On the balance sheet, net customer loans reached CFAF1,218.8 billion at the end of September, up 6% from CFAF1,151.5 billion at 31 December 2025. Customer deposits declined 2% to CFAF1,161.2 billion, while borrowings from other credit institutions climbed 41% to nearly CFAF657 billion. Total assets increased 10% over the nine months to CFAF2,022.6 billion.
In CFAF billion
Source: BIIC, third-quarter 2026 activity report, balance sheet at 30 September 2026 versus 31 December 2025, p. 2.
| Net customer loans | Customer deposits | |
|---|---|---|
| 31 Dec 2025 | 1,151.54 | 1,181.05 |
| 30 Sep 2026 | 1,218.8 | 1,161.17 |
Long-term lending expands by CFAF150 billion
BIIC said medium- and long-term customer lending grew 19%, equivalent to an additional CFAF150 billion since the end of 2025. To support that expansion, it reported raising longer-term funding from international financial institutions, including multilateral lenders.
By 30 September, the bank had generated 86% of its full-year 2025 net banking income and 59% of its annual net profit. The report, dated 9 November in Cotonou, is based on interim accounts prepared under IAS 34 and not certified by external auditors.