The GCR rating agency affirmed the long-term issuer rating of Société Générale de Banques en Côte d'Ivoire SA (SGCI) of AA+ (WU) on its regional rating scale, with a Stable outlook. It was Wednesday, August 16, 2023.

The rating of Société Générale Côte d'Ivoire (Société Générale CI) is based on its leading position in the Ivorian banking market, which, combined with the adequate quality of its portfolio, supports profitability and liquidity eacute; well above the market average. Also, the competitive position of Société Générale CI represents the major strength of its rating. Societe Generale CI's rating benefits from an additional adjustment to take into account the fact that the Société Générale group supports the design and operational execution of Societe Generale CI's strategy based on rigorous governance, focused on risk control