The Jeune Afrique Group has produced the 2023 ranking of African financial champions which highlights the great disparities in performance of the continent's banking groups. In the UEMOA area, the International Bank for Industry and Commerce (BIIC) is identified as an important player in the banking sector, confirming its leadership
As a national entity (bank operating in a single country), BIIC, the only bank with 100% Beninese capital, holds 6th place in the UEMOA. This positioning provides information on its solidity and competitiveness compared to the subsidiaries of international groups. Among the latter, are Ecobank Guinea 63rd, UBA Benin 85th, Coban Mali 92nd, UBA Burkina Faso 95th and UBA Côte d’Ivoire 112th.
At the African level, the International Bank for Industry and Commerce is 125th in the ranking, a rank expressing its potential to compete with banking groups operating on the continental level.
Indeed, to classify national entities, the performance indicators used were very rigorous. Thus BIIC, the leading bank in Benin according to the aggregates of the Professional Association of Banks and Financial Institutions (APBEF), was evaluated on :
BIIC's total balance sheet, resources collected from its customers, outstanding loans and securities held in the portfolio show BIIC's financial performance and its resilience in the face of market challenges.
It should be noted that the evaluation of national entities requires almost the same methodology as that of banking groups with the small difference that for national entities operating only in their respective country, the indicator relating to the proportion of assets outside the country of The origin is not taken into account.
It covers the entire national territory with its network of around fifteen agencies. BIIC offers a range of financing products in the form of a Product Program to SMEs/SMIs operating in various sectors of activity. It provides financing for players in construction, services, commerce, industry, agriculture, etc. All this financing is offered at very attractive rates. This bank aims to be present for customers for bid bonds, advances on markets, advances on invoices and certified statements, discounting of checks from the Public Treasury, factoring, financing of working capital/inventory reinforcement, financing of equipment and 'investment. The probable guarantees required are: pledge and domiciliation of the market/coverage by a fund or insurance/mortgage taking.
- JA Index: An overall measure of the competitiveness of banking institutions.
- Profitability index: Which assesses the ability of banks to generate profits.
- Solvency index: A crucial criterion for judging the financial robustness of the institution.
- Asset Quality Index: Indicator of risk management linked to loans and investments.
- Liquidity index: Which reflects the bank's ability to meet its payment obligations.
The rise of a major player in the banking sector
Founded in 2020, the International Bank for Industry and Commerce is the result of a partnership between the Beninese State (51.26%), the National Social Security Fund (45.34%) and the Autonomous Port of Cotonou (3.39%). With a share capital of 82.514 billion FCFA, BIIC which has a total balance sheet of 12,340.469 billion FCFA has 875.409 billion FCFA in resources with customer credit of 688.120 billion FCFA for 577.448 billion FCFA of securities (credits to States). Its equity is 93.637 billion FCFA. This ranking of the BIIC reinforces it as a major player in the Beninese and regional economies in full transformation. A true financial partner attentive to productive players in the market, its leadership comes from the fact that it combines innovation, flexibility and quality of services meeting international standards. It is driven by three values: agility, passion and integrityIt covers the entire national territory with its network of around fifteen agencies. BIIC offers a range of financing products in the form of a Product Program to SMEs/SMIs operating in various sectors of activity. It provides financing for players in construction, services, commerce, industry, agriculture, etc. All this financing is offered at very attractive rates. This bank aims to be present for customers for bid bonds, advances on markets, advances on invoices and certified statements, discounting of checks from the Public Treasury, factoring, financing of working capital/inventory reinforcement, financing of equipment and 'investment. The probable guarantees required are: pledge and domiciliation of the market/coverage by a fund or insurance/mortgage taking.
