Coris Bank
Coris Bank, also known by the acronym CBI, is a banking group in Africa with head office in Ouagadougou, Burkina Faso. By 2024, it had the largest branch network in Burkina Faso. It has been described as one of a new cohort of multinational banking groups in Africa, together with Vista Bank.
Overview
Coris Bank was founded in January 2008 in Ouagadougou. As of 2016, 70 percent of its equity was held by Coris Holdings, an entity established in 2013 in Burkina Faso and controlled by financier. By 2024, that stake had declined to 63.6 percent. Coris Holdings is part of the Coris Group, a conglomerate that also has operations in telecoms, mining, and manufacturing.Coris established a subsidiary in Guinea in 2021. In March 2022, it established a branch in Guinea-Bissau. In December 2023, it acquired the retail banking operations of Standard Chartered in Côte d’Ivoire. In January 2024, it completed the acquisition of the 67.8 percent stake held by Société Générale in its subsidiary in Chad. 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. Coris Bank also has operations in Benin, Mali, Niger, Senegal, and Togo.
The third largest banking group in the West African Monetary Union with a market share of almost 10%, as of May 2025, Coris Bank international is present in eight West African Economic and Monetary Union countries, as well as in Guinea, Chad and Cape Verde.