Société Ivoirienne de Banque

What Société Ivoirienne de Banque does

Société Ivoirienne de Banque (SIB) is a universal bank headquartered in Abidjan, Côte d'Ivoire, founded in 1962 and majority-owned by the Moroccan group Attijariwafa bank since 2009. SIB has been publicly listed on the BRVM (Bourse Régionale des Valeurs Mobilières d'Afrique de l'Ouest) under ticker SIB since 2016. The bank operates a 20 billion FCFA equity base, 939 employees as of January 2025, and a network of 71 branches, professional centers, and enterprise centers spread across 21 cities in Côte d'Ivoire.

SIB's offering is organized into four banking divisions — Retail Banking, Middle Market, Corporate & Investment Banking, and Capital Markets — and it serves four primary customer segments: Individuals, Professionals, Enterprises, and Government/Institutional organizations. Product surface includes tiered banking packages (Pack Service, Pack Privilège, Pack Elite), cash management (SIB Cash), digital banking (SIBNET, EGUCE, E-Partage), integrated bancassurance via Wafa Assurance, and investment products through its majority-owned subsidiaries Attijari Securities West Africa (ASWA, the brokerage arm) and Attijari Asset Management (OPCVM/funds). The bank is the leading Specialist in Treasury Securities (SVT) in the UMOA region for four consecutive periods.

The revenue model combines net interest income from lending across retail, SME, and corporate books with transaction fees and commissions (account maintenance, payment services), capital-markets fees (brokerage, IPO advisory, bond issuance at ASWA), and recurring asset-management fees. Distribution is multi-channel: enterprise field sales via dedicated Centers (Entreprises, Professionnels), a 71-branch physical network, plus self-serve digital channels. SIB reported 2025 net profit of 56 billion XOF, up 11% year-over-year.

Name

Société Ivoirienne de Banque

Legal name

Societe Ivoirienne de Banque

Website

https://sib.ci

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Société Ivoirienne de Banque (SIB) is a Côte d'Ivoire universal bank, founded 1962 and majority-owned by Attijariwafa bank since 2009, listed on the BRVM since 2016. It operates 71 branches across 21 cities, serving Individuals, Professionals, Enterprises and Government with retail, corporate, investment, and capital-markets services plus bancassurance and asset management via its ASWA and Attijari Asset Management subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Abidjan

Offices23 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Banking Interest Income: Interest income from lending operations including retail, middle market and corporate banking loans. Core banking revenue stream from interest spreads.
2. Banking Fees and Commissions: Transaction fees, account maintenance fees, service charges across retail and corporate banking operations.
3. Capital Markets Operations: Revenue from securities brokerage, portfolio management, IPO facilitation, and bond issuance through Attijari Securities West Africa subsidiary.
4. Asset Management: Management fees from OPCVM products (SICAV and FCP) and dedicated portfolio management services through Attijari Asset Management.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Société Ivoirienne de Banque (SIB) is a universal bank providing retail, professional, corporate, investment banking and capital markets services through a 71-branch network in 21 cities across Côte d'Ivoire. The bank offers dedicated banking packages (Pack Service, Pack Privilège, Pack Elite), cash management (SIB Cash), digital banking (SIBNET, EGUCE), and integrated banking-insurance products through Wafa Assurance, complemented by capital markets subsidiary Attijari Securities West Africa (ASWA) and asset management subsidiary Attijari Asset Management serving the UEMOA region.

Product overview

Société Ivoirienne de Banque (SIB) operates as a universal bank offering a comprehensive portfolio of products and services through multiple delivery channels. The core banking offering is organized into four divisions: Retail Banking (Banque de détail), Middle Market, Corporate & Investment Banking (Banque de Financement et d'Investissement), and Capital Markets (Banque de marché des Capitaux). The bank offers distinct customer segments (Particuliers, Professionnels, Entreprises) with specialized banking packages including PACK ELITE, PACK PRIVILEGE, PACK SERVICE, and SIB CASH. Digital channels include SIBNET online banking, EGUCE (Banque Citoyenne) for financial inclusion, and E-Partage for customer communication. The subsidiary Attijari Securities West Africa (ASWA) provides stock market services including securities accounts, brokerage, portfolio management, and IPO advisory, while Bourse Connect enables online trading. Attijari Asset Management offers collective investment products (OPCVM/FCP/SICAV). The physical network comprises 71 branches and business centers across 21 cities, complemented by ATMs. The bank also provides integrated credit and insurance products through partnerships with Wafa Assurance entities.

Differentiator

Problem solved

Functional benefit

Brands

• SIBNET: Online banking platform for account access
• SIB Cash
• Banque Citoyenne
• Pack Service
• Pack Privilege
• Pack Elite
• Espace Privilege

Products and services

• PACK ELITE Premium banking package offering enhanced services and benefits for high-net-worth individual retail clients within SIB's Particuliers (Individuals) segment.
• PACK PRIVILEGE Privileged banking package providing exclusive services and preferential rates for valued individual customers within SIB's Particuliers (Individuals) segment.
• PACK SERVICE Standard banking package covering essential banking services for everyday financial needs of individual customers within SIB's Particuliers segment.
• SIB CASH Cash management and transaction services sub-brand for handling daily banking operations and liquidity needs of business and individual clients.
• SIBNET Online Banking Secure digital online banking platform enabling clients to access and manage their accounts remotely for transactions and services across SIB's Particuliers, Professionnels and Entreprises segments.
• EGUCE (Banque Citoyenne Digital Banking) Citizen bank digital services focused on accessibility and financial inclusion, providing digital banking access for underserved and citizen banking segments of the population.
• Bourse Connect (Online Trading Platform) Online trading platform providing direct access to UEMOA regional stock markets with 24/7 access, real-time portfolio valuation, market news, analysis and buy/sell order execution for retail and professional investors (minimum initial purchase order of 1,000,000 FCFA on securities accounts).
• Attijari Securities West Africa (ASWA) Brokerage Services Société de Gestion et d'Intermédiation (SGI) majority-owned by SIB, providing securities account management (tenue de compte titres), portfolio advisory and management (conseil et gestion de portefeuille titres), IPO and bond issuance advisory (conduite d'introduction en bourse et d'émission d'emprunt obligataire), stock brokerage (courtage en bourse), Listing Sponsor services for SMEs and OPCVM custody (dépositaire OPCVM) for UEMOA markets.
• Attijari Asset Management OPCVM Products Asset management services providing OPCVM (collective investment) products including SICAV and FCP schemes for retail, private and institutional clients across the UEMOA region, distributed through the SIB branch network.
• Integrated Banking and Insurance Offering (Pack Crédits-Assurances) Integrated banking and insurance bundle offering credit combined with non-life and life insurance coverage to SIB clients through partnerships with Wafa Assurance Côte d'Ivoire and Wafa Assurance Vie Côte d'Ivoire, leveraging the Attijariwafa group's African insurance leadership.

Quantifiable outcome

• Net profit of 56 billion XOF in 2025, up 11% from 2024
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Wafa Assurance Côte d'IvoirecoreStrategic or Co-development PartnerInsurance partnership providing integrated credit and insurance products to SIB clients, leveraging Attijariwafa bank's leadership in African insurance via Wafa Assurance Morocco.
• Wafa Assurance Vie Côte d'IvoirecoreStrategic or Co-development PartnerLife insurance partnership offering integrated life insurance and banking products to SIB customers.
• Attijari Securities West Africa (ASWA)coreStrategic or Co-development PartnerSubsidiary SGI (Société de Gestion et d'Intermédiation) with SIB as majority shareholder. Provides securities brokerage, portfolio management, IPO facilitation, bond issuance, and online trading (Bourse Connect) services.
• Attijari Asset ManagementcoreStrategic or Co-development PartnerAttijariwafa bank subsidiary specialized in OPCVM (collective investment) creation and management across UEMOA, including SICAV and FCP products for SIB client base.
• CARE InternationalminorStrategic or Co-development PartnerPartnership 2014-2016 for literacy and education support in northern Côte d'Ivoire (Poro region). Included school construction, rehabilitation, women's economic empowerment, and savings/credit group formation.
• Association Réseau pour l'excellenceminorStrategic or Co-development PartnerEducational partnership supporting identification and funding of promising Ivorian youth for placement in excellence schools.
• Lycée Français Blaise PascalminorStrategic or Co-development PartnerAttijariwafa bank (via SIB) financed construction of preparatory class dormitory in partnership with Grenoble INP, Polytech Grenoble and Université Joseph Fourier, supporting Ivorian student access to engineering education.
• INP Grenoble / Grenoble INPminorStrategic or Co-development PartnerAcademic partnership for preparatory class program at Lycée Blaise Pascal, providing engineering education access for Ivorian students.
• Fondation Institut de Cardiologie d'AbidjanminorStrategic or Co-development PartnerHealth partnership supporting cardiovascular disease treatment, equipment acquisition, medication purchase, and World Heart Day activities. Financial support for children's cardiac care.
• FEMUA (Festival des Musiques Urbaines d'Anoumabo)minorGTM or Marketing PartnerCultural sponsorship partnership since 2012 supporting major Ivorian cultural event, enhancing SIB brand visibility and community engagement.
• ABISSA (Nzima-Kotoko New Year Festival)minorGTM or Marketing PartnerCultural sponsorship of international 15-day beach festival in Grand-Bassam celebrating Nzima-Kotoko people, building brand affinity.
• Fondation Attijariwafa bankminorStrategic or Co-development PartnerGroup foundation providing scholarships, exam preparation support, and access to Master's programs in Banking and Financial Markets in partnership with Santander Foundation.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Standard Chartered Bank Côte d'Ivoire: International bank with corporate and investment banking focus in Côte d'Ivoire; overlaps with SIB's corporate banking and treasury services but does not compete in mass-market retail.

Direct peers

• United Bank for Africa (UBA) Côte d'Ivoire: Pan-African banking group with established Ivorian operations offering retail, commercial, and corporate banking; competes directly with SIB across customer segments in Côte d'Ivoire.
• Ecobank Transnational Incorporated: Pan-African banking group with strong West African franchise and significant presence in Côte d'Ivoire; offers retail, corporate, and investment banking with multi-country UEMOA reach, directly comparable to SIB's universal banking model.
• BICICI (BNP Paribas Personal Finance): BNP Paribas subsidiary operating in Côte d'Ivoire, providing retail, professional, and corporate banking services through a comparable branch-and-digital network in the same domestic market.
• NSIA Banque Côte d'Ivoire: Leading Ivorian bank and direct domestic competitor to SIB, offering retail, corporate, and insurance products through a similar multi-branch network across Côte d'Ivoire.
• Oragroup (formerly Orabank): West African banking group present in 12 WAEMU and CEMAC countries including Côte d'Ivoire; offers universal banking services comparable to SIB with regional diversification.
• Société Générale de Banques en Côte d'Ivoire (SGBCI): Société Générale subsidiary in Côte d'Ivoire offering full-service universal banking with strong corporate and investment banking capabilities; one of SIB's closest domestic competitors.
• Bridge Bank Côte d'Ivoire: Ivorian bank focused on SMEs, professionals, and corporates; offers similar segmented banking services and competes with SIB for middle-market and enterprise clients in Côte d'Ivoire.
• Banque Atlantique Côte d'Ivoire: West African banking group (part of BCP group) with significant Côte d'Ivoire presence, offering retail, SME, and corporate banking through a multi-branch network directly comparable to SIB.

Regional players

• Coris Bank International: West African banking group headquartered in Burkina Faso with operations across UEMOA; comparable universal banking model and regional UEMOA ambition similar to SIB and its Attijariwafa parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Sib_Officiel
• Facebookfacebook.com/sibciv

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Société Ivoirienne de Banque