Banking

Côte d’Ivoire’s banking sector has played a key role in post-2012 economic recovery and growth, financing large-scale infrastructure projects, private sector industrial expansion, agricultural activity and the services industry. The banking sector has been competitive and this trend is expected to continue in the short term, with both traditional banks and non-bank players increasing their product offerings in an effort to attract customers. Against the backdrop of an enabling regulatory framework, the accelerating adoption of digital and mobile money services could see financial technology companies and non-bank financial institutions expand further into micro-loans, while traditional banks will likely continue to scale down their operational costs, particularly branch networks.

This chapter contains interviews with Tiémoko Meyliet Koné, Former Governor, Central Bank of West African States; and Aymeric Villebrun, CEO, Société Générale Côte d’Ivoire.