Banking Sector in Côte d’Ivoire: Effects of the Crisis on the Ivorian Banking Sector

BIAO’s estimates calculate that the country’s losses reach around 1.4 billion euros. The banking sector was also severely hit by the crisis and suffered losses of about 114 million euros. Of course, these losses occurred in many different ways.

The private sector suffered material damage and burglaries. Sixteen out of twenty-one banks had to remain closed during the span of the crisis, so the sector has come to a complete standstill for almost three months. Finally, the bank’s own clients were affected along with its portfolio.