Côte d''Ivoire Page 21

La Responsable de la cellule Monétique à Abidjan.

Manager of Electronic Banking, in Abidjan. © BOA

des financements liés au programme post-crise,
notamment le volet réhabilitation des infrastructures.

Les produits d'exploitation

ont connu un accroissement

substantiel de 23,5 %, passant de 14,2 milliards de
F CFA en 2007 à 17,5 milliards de F CFA en 2008,
grâce aux intérêts sur les crédits accordés à la clientèle.
L'essentiel de ces produits, soit 89 %, est généré par
les crédits et les opérations avec la clientèle.

Les intérêts sur crédits

se sont élevés à 12 milliards de

F CFA, en hausse de 40 % par rapport à l'exercice
2007. Cette hausse considérable s'explique
essentiellement par un accroissement de 14,8 % des
intérêts sur comptes débiteurs et escomptes et une forte
augmentation des intérêts sur prêts, en liaison avec le
déclassement par la Commission Bancaire des prêts
accordés à l'État de Côte d'Ivoire.

Les produits de trésorerie

se chiffrent à 1,7 milliard

de F CFA, en baisse de 15,8 % par rapport à 2007,
suite au déclassement des prêts consentis à l'État de
Côte d'Ivoire, induisant un repli significatif des intérêts
sur prêts interbancaires. Néanmoins, les revenus
des titres de placements, représentant 61 % de ces
produits, ont enregistré une forte progression liée
aux revenus générés par les titres de l'emprunt Trésor
Public.

The volume of non-commercial accounts, 77% of which are private accounts, saw a growth
rate of 18% in 2008, due to the rise in savings accounts and deposits collected from
non-commercial organisations and institutions in particular.

Commercial accounts

represent the largest proportion of customer deposits, reaching 73%.

They rose to CFAF 84 billion, up 16.5% compared to the previous fiscal year. This positive
growth, boosted by an increase of nearly 30% in current account deposits, despite
companies experiencing cash flow difficulties, was supported by a strong commercial drive
by the Bank's staff.

Commitments

reached CFAF 151.7 billion, an increase of 21% compared to 2007.

The figures exceeded forecasts by 9% due to short-term loans which posted a surplus of
CFAF 19 billion, with CFAF 15 billion loaned to the Ivorian State at the end of 2008.

Direct commitments represented 87.6% of the total amount of loans granted. This 23%
increase at the end of 2008 was due to growth of all components, with the exception of
overdrafts which were down by 3.1%. The main driver was medium-term loans which
generated strong growth of 52% compared to the previous year.

Off-balance sheet commitments amounted to CFAF 18.8 billion on 31 December 2008,
the same figure as the previous year. This situation is explained by a weak demand for
market guarantees as a result of delays in implementing financing linked to the post-crisis
programme, and in particular the renovation of infrastructures.

Operating income

saw a significant increase of 23.5%, from CFAF 14.2 billion in 2007 to

CFAF 17.5 billion in 2008, as a result of interest generated by customer loans. Most of this
income, i.e. 89%, is generated by customer loans and operations.

Interest on loans

reached CFAF 12 billion, a rise of 40% compared to fiscal year 2007.

This considerable increase is mainly explained by a 14.8% rise in interest on debtor
accounts and bank discounts and a sharp increase in interest on loans, as a result of the
Banking Commission downgrading loans granted to the Ivorian State.

Treasury income

amounted to CFAF 1.7 billion, down 15.8% compared to 2007, following

the downgrading of loans to the State which significantly reduced the interest on interbank
lending. Nevertheless, income from investment securities which account for 61% of these
products recorded strong growth due to the income generated by Treasury securities.

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