Ecobank Côte d'Ivoire (BRVM:ECOC)

Ecobank Côte d'Ivoire Income Statement

Financials in millions XOF. Fiscal year is January - December.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Interest Income on Loans	87,173	79,341	78,771	85,404	81,669
Interest Paid on Deposits	23,400	19,213	20,347	25,533	22,950
Net Interest Income	63,773	60,128	58,424	59,871	58,719
Net Interest Income Growth (YoY)	6.06%	2.92%	-2.42%	1.96%	44.00%
Income From Trading Activities	10,002	10,259	11,861	6,498	8,125
Gain (Loss) on Sale of Assets	1,173	-305	297	23	58
Gain (Loss) on Sale of Investments	1,670	2,509	369	533	243
Other Non-Interest Income	23,710	17,649	15,868	16,498	17,735
Total Non-Interest Income	36,555	30,112	28,395	23,552	26,161
Non-Interest Income Growth (YoY)	21.40%	6.05%	20.56%	-9.97%	-27.56%
Revenues Before Loan Losses	100,328	90,240	86,819	83,423	84,880
Provision for Loan Losses	5,782	11,974	10,804	11,318	17,431
Revenue	94,546	78,266	76,015	72,105	67,449
Revenue Growth (YoY)	20.80%	2.96%	5.42%	6.90%	-5.80%
Occupancy Expenses	2,747	2,838	2,649	3,480	3,936
Selling, General & Administrative	42,258	39,808	40,955	40,577	41,967
Other Non-Interest Expense	-	-	1	-	-
Total Non-Interest Expense	45,005	42,646	43,605	44,057	45,903
EBT Excluding Unusual Items	49,541	35,620	32,410	28,048	21,546
Pretax Income	49,541	35,620	32,410	28,048	21,546
Income Tax Expense	4,943	1,316	2,392	2,683	839
Net Income	44,598	34,304	30,018	25,365	20,707
Net Income to Common	44,598	34,304	30,018	25,365	20,707
Net Income Growth	30.01%	14.28%	18.34%	22.50%	-22.00%
Dividend Per Share	610.000	467.000	-	-	-
Dividend Growth	30.62%	-	-	-	-
Effective Tax Rate	9.98%	3.69%	7.38%	9.57%	3.89%

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.