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Financial Rating: A Brief Overview of Ecobank Côte d'Ivoire SA

30/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Bloomfield Investment Corporation a accordé la note (AA-) to EcoBank Côte d'Ivoire SA, in the long term with a positive perspective. While (a1) was granted to him on a short-term

basis with a stable outlook.

Ecobank Côte d'Ivoire is a public limited company with a Board of Directors, created in October 1988. The Institution was approved as a bank by decree no. 66 of 16 March 1989 and is registered on the list of banks of the UMOA under the number A 0059 J. It is also registered in the Trade and Furniture Credit Register (RCCM), under the

number CI-ABJ-1988-B-130 729.

Indeed, the rating is based on positive factors such as, the satisfactory execution of the Strategic Plan at the end of 2022, driven in particular by the diversification and continued digitalization of products; the increase in market shares in terms of deposits and customer loans; the increase in market shares in terms of deposits and customer loans; the increase in bank performance indicators, driven by the & # 39; improvement of the GNP and the good control of expenses; the improvement of the cost of risk, in connection with the strengthening of recovery actions; and the maintenance of financial flexibility

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