Overview
Coris Bank was founded in January 2008 in Ouagadougou. [3] As of 2016, 70 percent of its equity was held by Coris Holdings, [4] an entity established in 2013 [5] in Burkina Faso and controlled by financier Idrissa Nassa ( fr ). [6] By 2024, that stake had declined to 63.6 percent. [7] Coris Holdings is part of the Coris Group, a conglomerate that also has operations in telecoms, mining, and manufacturing. [6]
Coris established a subsidiary in Guinea in 2021. [8] In March 2022, it established a branch in Guinea-Bissau. [9] In December 2023, it acquired the retail banking operations of Standard Chartered in Côte d’Ivoire. [10] In January 2024, it completed the acquisition of the 67.8 percent stake held by Société Générale in its subsidiary in Chad. [11] The acquisition of Société Générale's subsidiary in Mauritania, announced at the same time in 2023, was delayed by a more complex regulatory approval process. [12] Coris Bank also has operations in Benin, Mali, Niger, Senegal, and Togo. [9]
The third largest banking group in the West African Monetary Union (UMOA, for l’Union monétaire ouest-africain) with a market share of almost 10%, [13] as of May 2025, Coris Bank international is present in eight West African Economic and Monetary Union (UEMOA, for Union Économique et Monétaire Ouest-Africaine) countries, as well as in Guinea, Chad and Cape Verde. [13]
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