Bank of Africa Côte d’Ivoire posted net profit of FCFA 19.817 billion in the first half of 2026, up 8% year on year. The activity report published by the BRVM on 2 October presents unaudited figures as at 30 June and shows profit growing faster than banking revenue.
Deposits grow faster than loans
Customer deposits reach FCFA 970.590 billion, up 18.97%. Net loans stand at 483.730 billion, up 12.65%. The bank is thus collecting more resources while expanding its lending to customers.
Deposits are the funds entrusted to the bank by its customers. Net loans represent part of its uses, after taking into account the applicable accounting adjustments. Comparing the two describes the structure of the business but does not alone suffice to measure the bank’s liquidity or profitability.
Cost of risk eases the expense burden
Net banking income rises 1.5%, to FCFA 36.711 billion. Overheads grow 13%, to 13.659 billion. Gross operating income falls 4.19%, to 23.052 billion.
The net cost of risk falls from 3.061 billion to 263 million FCFA. This decline supports final profit. The accounts therefore show two movements: pressure on operating income and a reduction in the charge linked to risk.
Reading the different levels of profit
In a bank, net banking income measures revenue from activity after the corresponding banking charges. Operating expenses, the effects of risk and taxes then come into the formation of profit. A rise in net profit can thus accompany a much more limited increase in revenue.
To track upcoming results, comparisons must cover the same period: six months of 2026 against six months of 2025. Continued deposit growth, expense control and changes in risk will be the main items to compare in the following accounts.