As the established banking centre of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), Côte d’Ivoire’s financial services industry has sustained double-digit growth since emerging from the national crisis in 2011. The market still faces legacy issues, such as high aggregate non-performing loans...
Côte d'Ivoire Financial Services
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Interviews & Viewpoints | Mohamed El Kettani, CEO, Attijariwafa Bank: Interview from The Report: Cote d'Ivoire 2015
As the established banking centre of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), Côte d’Ivoire’s financial services industry has sustained double-digit growth since emerging from the national crisis in 2011. The market still faces legacy issues, such as high aggregate non-performing loans and under-performing public lenders, but...
A heavyweight within the West African Economic and Monetary Union, accounting for 35% of the eight-member region’s GDP, Côte d’Ivoire’s growth is a bellwether for Francophone West Africa. An ambitious government spending programme and a range of pro-business reforms are set to boost economic activity going forward.
An overhaul of the regional insurance regulations in the West African CFA zone is expected to yield its best results in Côte d’Ivoire, the largest market in the sub-region. With a penetration of about 3%, according to the country’s insurance association, the Association des Sociétés d’Assurances de Côte d’Ivoire (ASA-CI), insurers are only just scraping the surface of the market’s potential.
Ces dernières années, une augmentation significative du nombre de prêteurs étrangers actifs dans le secteur bancaire a été observée en Côte d'Ivoire. De plus, la solide performance des institutions financières au cours des 12 derniers mois continue d’attirer l'attention des investisseurs internationaux, les banques libanaises Fransabank et Bank of Beirut ayant récemment manifesté leur intérêt à entrer sur le marché.