NSIA Banque Côte d’Ivoire recorded net profit of CFA18.39 billion in the first nine months of 2026, down 27% from CFA25.04 billion a year earlier. The bank’s third-quarter activity report, released on 30 October, shows a steeper decline than in the first half, when net profit had fallen 11% year on year.
Net banking income declined 5%, from CFA77.37 billion to CFA73.51 billion. Interest margin fell 3% to CFA52.5 billion, while net fee income dropped 9% to CFA21.1 billion. Management attributed the weaker revenue largely to a smaller loan book and lower leasing income. Additional provisions against selected exposures also weighed on earnings, bringing pre-tax profit to CFA20.01 billion from CFA27.67 billion in the first nine months of 2025.
A smaller loan book
The contraction in lending is also visible on the balance sheet. Net customer loans stood at CFA1,472.56 billion at the end of September, down 19% from CFA1,818.67 billion at the end of December 2025. NSIA Banque said several large, one-off financing transactions had been wound down during the period. Customer deposits decreased 10% over the same interval to CFA2,011.06 billion, mainly because of lower demand deposits.
Total assets consequently fell 6% from their December 2025 level to CFA2,893.11 billion. The ratio of net loans to customer deposits declined from 81% to 73%, leaving the bank with more available liquidity relative to its loan portfolio. For the final quarter, management plans to expand lending selectively to borrowers it considers financially sound and increase fee income while maintaining its risk controls.