Company: BICICI
Country: Cote d’Ivoire (BRVM)
Sector: Major Banks
CEO: Mamady Diakite
Website: https://www.bicici.ci
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Abidjan, Cote d’Ivoire
Founded: 1962
Valuation/Revenue: $438.9m market value (African Business Top 250, 2025)
BICICI (Banque Internationale pour le Commerce et l’Industrie de la Cote d’Ivoire) is one of Ivory Coast’s oldest and largest commercial banks, listed on the BRVM regional stock exchange. Long a subsidiary of France’s BNP Paribas, majority control passed in 2022 to an Ivorian state-linked consortium, making it now a largely locally owned flagship institution of the country’s banking sector.
What Does BICICI Do?
BICICI offers retail, corporate and investment banking services in Cote d’Ivoire, including deposit-taking, corporate lending, trade finance, treasury and capital markets activities, and retail products such as current accounts, savings, mortgages and consumer credit. It has historically served as a banker of choice for large corporates and multinationals operating in Ivory Coast, alongside a network of retail branches serving individual and SME customers across the country. The bank is listed on the Bourse Regionale des Valeurs Mobilieres (BRVM), the regional exchange serving the West African Economic and Monetary Union (UEMOA).
How Old Is BICICI?
BICICI traces its roots to the early 1960s as part of the BNP group’s expansion into former French West Africa, making it one of the longest-established banks in Ivory Coast, with roots going back over six decades. It grew alongside Abidjan’s rise as a regional financial and commercial hub and became one of the country’s systemically important banks.
Who Owns BICICI?
For most of its history, BICICI was majority-owned by BNP Paribas. That changed on 30 September 2022, when an Ivorian consortium comprising BNI (Banque Nationale d’Investissement, the lead acquirer), CNPS (the national social security fund), CGRAE (the civil servants’ pension fund) and CDC-CI (Caisse des Depots et Consignations de Cote d’Ivoire) completed the purchase of a 67.49% stake, combining BNP Paribas’s 59.79% holding with development-finance institution Proparco’s 7.70% stake. BNP Paribas no longer holds shares in the bank, and BICICI is now effectively controlled by Ivorian state and quasi-state institutions, with the remainder trading as free float on the BRVM.
Who Is the CEO of BICICI?
Mamady Diakite was named Directeur General (Managing Director) of BICICI in March 2024, taking over the bank’s leadership as it continued integrating under its new Ivorian shareholder base. He succeeded Jean-Louis Menann-Kouame, who had led the bank through the BNP Paribas era and the 2022 ownership transition. Diakite described his mandate as pursuing an ambitious growth and modernisation programme for the bank under its new ownership structure.
Is BICICI Publicly Traded?
Yes. BICICI is listed on the BRVM under the ticker BICC, alongside other UEMOA regional banks. African Business’s 2025 Top 250 ranking placed BICICI at number 275 by market value, estimated at $438.9 million, positioning it among the larger listed banks on the regional exchange.
What Has BICICI Been in the News For Recently?
The dominant recent story for BICICI has been its 2022 change of control from BNP Paribas to the Ivorian state-linked consortium — widely covered in the regional press as reshaping the hierarchy of West African banking and giving Ivorian President Alassane Ouattara’s government a direct stake in a major domestic bank. Coverage since then has focused on the bank’s new leadership, capital reinforcement plans, and its integration alongside BNI, its new lead shareholder, within Ivory Coast’s banking landscape.
How Does BICICI Compare to Its Competitors?
On the BRVM and within Ivory Coast’s banking sector, BICICI competes with other established commercial banks operating in the country, including Societe Generale Cote d’Ivoire, Ecobank Cote d’Ivoire, NSIA Banque, Standard Chartered Cote d’Ivoire and its new majority shareholder’s own retail arm, BNI. Its long operating history and established corporate banking relationships give it a strong position among Ivorian and multinational corporate clients, while its 2022 change of ownership has repositioned it as part of a broader Ivorian state-linked banking cluster alongside BNI, potentially creating closer coordination with other public-sector-aligned financial institutions in the country.
Links
Website: https://www.bicici.ci
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: Is BICICI legit?
A: Yes — it is a long-established, BRVM-listed commercial bank regulated under the BCEAO/UEMOA banking framework, now majority-owned by Ivorian state-linked institutions.
Q: Who is the CEO of BICICI?
A: Mamady Diakite, appointed Directeur General in March 2024.
Q: Who owns BICICI?
A: An Ivorian consortium of BNI, CNPS, CGRAE and CDC-CI, which acquired 67.49% of the bank from BNP Paribas and Proparco in 2022.
Q: Is BICICI publicly traded?
A: Yes, on the BRVM regional exchange under ticker BICC.
Q: Where is BICICI headquartered?
A: Abidjan, Cote d’Ivoire.
Q: Is BICICI still owned by BNP Paribas?
A: No — BNP Paribas sold its majority stake to the Ivorian consortium in 2022 and no longer holds shares in BICICI.