Company: Société Ivoirienne de Banque (SIB)
Country: Cote d’Ivoire (BRVM)
Sector: Major Banks
CEO: Mohamed El Ghazi (Directeur Général / CEO)
Website: https://sib.ci/
Careers Page: https://sib.ci/recrutement/
LinkedIn: https://ci.linkedin.com/company/soci-t-ivoirienne-de-banque
Email: Not publicly listed
Headquarters: Abidjan, Cote d’Ivoire
Founded: 1962
Valuation/Revenue: $732.8m market value (African Business Top 250, 2025 ranking)
Société Ivoirienne de Banque (SIB) is a universal bank headquartered in Abidjan, Cote d’Ivoire, offering retail banking, corporate and middle-market banking, investment banking and capital markets services. Founded in 1962 and majority-owned by Morocco’s Attijariwafa bank group since 2009, SIB is listed on the regional BRVM exchange and ranks among Cote d’Ivoire’s largest banks by market value.
What Does SIB Do?
SIB serves individual, SME and large corporate clients across Cote d’Ivoire through a network of 71 branches spanning 21 cities as of early 2025. Its offering combines conventional deposit-taking and lending with integrated bancassurance products delivered through partnerships with Wafa Assurance subsidiaries, and securities and brokerage services via its majority stake in Attijari Securities West Africa. As part of the Attijariwafa bank group’s pan-African network, SIB also facilitates trade finance and cross-border transactions for Ivorian businesses trading with Morocco and other African markets served by the group.
How Big Is SIB?
African Business’s Top 250 (2025) valued SIB at approximately $732.8 million in market capitalisation. The bank’s underlying profitability has been strong: its 2025 full-year net profit reached about 56 billion CFA francs, up 11% year-on-year, following a first-half 2025 net profit of roughly 29.5 billion CFA francs, itself up around 15% on the prior-year period, driven in part by a lower cost of risk. The bank has capital of 20 billion CFA francs and employs more than 900 staff.
Who Is the CEO of SIB?
Mohamed El Ghazi holds the position of Directeur Général (Managing Director/CEO) of SIB, a role he has held for several years as part of the Attijariwafa bank group’s senior leadership in Cote d’Ivoire. Under his tenure the bank has continued to expand its branch network and diversify its bancassurance and capital-markets businesses while maintaining steady profit growth.
Who Owns SIB?
SIB has been a subsidiary of Attijariwafa bank, Morocco’s largest banking group, since 2009, which holds a controlling stake. The remainder of the bank’s shares are held by thousands of individual and institutional Ivorian shareholders following its listing on the BRVM regional stock exchange in 2016. Shareholders were set to receive dividends of roughly 21.25 billion CFA francs on July 31, 2026, reflecting the bank’s continued profitability.
Is SIB Publicly Traded?
Yes. SIB has traded on the Bourse Régionale des Valeurs Mobilières (BRVM), the regional exchange serving the eight-country West African Economic and Monetary Union, since 2016, under the ticker SIBC.
How Does SIB Compare to Its Competitors?
SIB competes with other major BRVM-listed and pan-African banks operating in Cote d’Ivoire, including Société Générale Côte d’Ivoire, Ecobank Côte d’Ivoire, NSIA Banque and Bank of Africa’s Ivorian subsidiary. Its position as part of the Attijariwafa bank network gives it a distinctive Morocco-West Africa trade corridor and bancassurance advantage relative to purely domestic or other pan-African competitors.
How Old Is SIB and What Is Its History?
SIB was founded in 1962, making it one of Cote d’Ivoire’s oldest banks, having operated through the country’s post-independence banking build-out, its 2011 political crisis and subsequent economic recovery, and the broader regionalisation of West African banking under the UEMOA framework. Its acquisition by Attijariwafa bank in 2009 marked a turning point, connecting the historically domestic Ivorian bank to Morocco’s largest financial institution and its pan-African network spanning more than a dozen countries, and setting the stage for SIB’s 2016 BRVM listing and subsequent branch network expansion.
What Has SIB Been in the News For Recently?
SIB’s 2025 financial results were a recurring news theme, with the bank reporting steadily improving profitability through the year: a 15% rise in first-half net profit, followed by a full-year net profit of 56 billion CFA francs, an 11% increase attributed to a declining cost of risk. In mid-2025, SIB’s Directeur Général Mohamed El Ghazi was also active in wider West African business diplomacy, including participation in sectoral missions promoting “Made in Côte d’Ivoire” production within the African Continental Free Trade Area framework. The bank was previously recognised as “Bank of the Year 2018” by the Financial Times and received an excellence award as Côte d’Ivoire’s best financial establishment in 2017, underscoring a long track record of industry recognition.
How Do I Apply for a Job at SIB?
SIB advertises openings, including its “Talents SIBorg” graduate and young-professional programme, through its dedicated recruitment page as well as major Ivorian and regional job portals; candidates can also submit spontaneous applications for banking, IT, risk and customer-facing roles across its 71-branch network.
Links
Website: https://sib.ci/
Careers Page: https://sib.ci/recrutement/
LinkedIn: https://ci.linkedin.com/company/soci-t-ivoirienne-de-banque
Email: Not publicly listed
FAQ
Is SIB legit?
Yes, it is a long-established, BRVM-listed universal bank majority owned by the Attijariwafa bank group.
Who is the CEO of SIB?
Mohamed El Ghazi is the Directeur Général (CEO).
Who owns SIB?
Attijariwafa bank of Morocco holds the controlling stake, with the remainder held by public shareholders on the BRVM.
Where is SIB headquartered?
In Abidjan, Cote d’Ivoire.
How old is SIB?
It was founded in 1962, making it over 60 years old.
Is SIB publicly traded?
Yes, on the BRVM regional exchange since 2016, under the ticker SIBC.