Coris Bank International

What Coris Bank International does

Coris Bank International is the largest banking group in Burkina Faso and a subsidiary of Coris Holding, the second largest banking group in the WAEMU region. Founded in 2008 and headquartered in Ouagadougou, the bank operates a multi-country retail, SME, and institutional banking platform across 10 West and Central African markets: Burkina Faso, Benin, Côte d'Ivoire, Gabon, Guinea, Guinea Bissau, Mali, Niger, Senegal, Chad, and Togo. Its distribution is anchored by 160+ branches and 137+ ATMs in 69+ cities, supplemented by an agent network for the CORIS MONEY electronic currency product and partnerships with six international money-transfer operators (RIA, WorldRemit, BDE, BHS, Finam, Express Union). The group also operates a Sharia-compliant subsidiary (Coris Bank International Baraka), a microfinance arm (Coris Méso Finance), an insurance arm (Coris Assurances), and a brokerage arm (Coris Bourse).

The product portfolio spans current and savings accounts (including the interest-bearing Coris Emergence account, Pack Coris Platinium, Pack Privilège, and Pack Coris Liberté bundles), lending products (Crédits, Prêt Coris Énergie, Cautions guarantees), payment and transfer services (PI-SPI instant payments, E-Coris internet banking, Virements, Transferts rapides d'argent), insurance (Coris Protection, Coris Serenity), and digital infrastructure (MyCoris Bank mobile app, CORIS MONEY electronic currency). The technology backbone is a multi-jurisdiction digital banking platform supporting 24/7 account access, instant regional payments across the UEMOA zone, and a digital wallet product developed for financial inclusion. The company also exposes a credit simulator and currency converter as self-service tools.

Revenue is generated from interest income on personal, business, and energy equipment loans; transaction and commission fees on transfers, wire transfers, and payment processing; recurring account maintenance fees (some waived on flagship products like Coris Emergence, which carries a 3.5% gross annual interest rate); and insurance premiums from Coris Protection and Coris Serenity. The go-to-market combines physical branch sales for retail and SME, self-service digital channels, and partner-based distribution for remittances and electronic currency. In 2025, the bank received a €100M co-investment led by Mediterrania Capital Partners with European Development Finance Institutions to fund regional expansion and financial inclusion initiatives.

Name

Coris Bank International

Legal name

Coris Bank International

Website

https://burkina.coris.bank

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Coris Bank International is the largest banking group in Burkina Faso and the second largest in the WAEMU region, operating 160+ branches across 10 African countries. It serves retail customers, SMEs, diaspora, and governments with deposits, lending, remittances, insurance, and digital banking products including the CORIS MONEY electronic currency platform.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)

akta.pro secondary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Retail banking services
• Mobile banking platform
• Diaspora remittance services
• SME business banking
• Financial inclusion solutions

Headquarters

HQ city

Ouagadougou

HQ country

Burkina Faso

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue from lending activities including personal loans, business credit facilities, and specialized loans such as Coris Énergie for energy equipment financing.
2. Transaction and Commission Fees: Fees from money transfers, wire transfers, payment processing, and banking service commissions.
3. Account Management Fees: Monthly account maintenance fees and charges for banking services.
4. Insurance Products: Revenue from Coris Protection and Coris Serenity insurance-related products offered to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Coris Bank International delivers retail, SME, diaspora, and institutional banking services across 10 West and Central African countries through 160+ physical branches, digital channels (MyCoris Bank, E-Coris, Coris Money), and partner remittance networks. Its core offerings span current and savings accounts, consumer and business credit, guarantees, instant payments via PI-SPI, insurance, and electronic currency solutions targeting financial inclusion.

Product overview

Coris Bank International is a West African banking group operating across 10 WAEMU countries (Burkina Faso, Benin, Côte d'Ivoire, Gabon, Guinea, Guinea Bissau, Mali, Niger, Senegal, Chad, Togo). The company offers a comprehensive banking platform consisting of traditional banking products (current and savings accounts, credits, transfers) alongside digital services (mobile banking via MyCoris Bank, online banking via E-Coris, and the Coris Money digital wallet). Core offerings include various account bundles (Pack Coris Platinium, Pack Privilège, Pack Coris Liberté), lending products (Prêt Coris Énergie, general credits), remittance services through multiple partner networks (RIA, WorldRemit, Express Union), insurance products (Coris Protection, Coris Serenity), and specialized services for diaspora customers (Coris Bayiri). The group also operates Islamic banking through its Baraka subsidiary. The digital ecosystem includes utility tools like credit simulators and currency converters, with recent expansion into mobile money via CORIS MONEY launched in Guinea.

Differentiator

Problem solved

Functional benefit

Brands

• MyCoris Bank: Mobile banking application enabling 24/7 account access
• CORIS PROTECTION
• CORIS SERENITY
• Coris Énergie
• Coris Emergence
• E-Coris
• PI-SPA/PI-SPI
• Coris Money

Products and services

• MyCoris Bank Mobile and digital banking platform allowing retail and business customers to access their accounts 24/7 via the internet with real-time account information.
• Prêt Coris Énergie Short-term loan product for salaried employees and businesses to finance the acquisition of energy equipment.
• Transferts rapides d'argent Money transfer service enabling customers to send and receive funds from a WAEMU country or from the rest of the world, leveraging partners such as RIA, WorldRemit, BDE, BHS, Finam, and Express Union.
• Crédits Various credit facilities and loan products offered to individuals and businesses.
• Cautions Guarantee service facilitating contract execution between entrepreneurs or suppliers and public entities for the execution of works or projects.
• Virements Domestic and international wire transfer service enabling customers to send funds to family and others with support from branch teams across the network.
• E-Coris Internet banking service allowing customers to remain connected to their bank accounts 24/7 via the internet with real-time information.
• Coris Protection Family protection insurance covering overdrafts, job loss support, and unexpected expenses to protect customers' family futures.
• Coris Serenity Financial protection product offering guaranteed financial coverage, life insurance exemption, and a potential gain of 250,000 FCFA.
• Coris Emergence Interest-bearing current account for workers with 0 FCFA account maintenance fees, free deposits and withdrawals, a 3.5% gross annual rate, and free electronic bank statement subscription.
• Coris Epargne Logement (CEL) Savings plan allowing subscribers to build the necessary contribution for obtaining a real estate loan.
• Epargne Coris Savings product for preparing future and family financial security with optimal safety conditions.
• Coris Bayiri Specialized banking package for Burkinabè diaspora worldwide, consisting of two accounts and a subscription including savings and e-banking services.
• Coris Money Electronic currency and mobile money solution enabling citizens to access digital banking services without a traditional bank account, supporting financial inclusion.
• Coris Bank International Baraka Sharia-compliant banking subsidiary offering Islamic banking products and services to customers seeking faith-based financial solutions.
• PI-SPI (Paiements et Transferts Instantanés) Instant payments and transfers solution enabling real-time financial transactions throughout the WAEMU/UEMOA region.

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Three partnerships are on record, tiered minor and core.

• NAB ConsultingminorImplementation/ SI/ Consulting PartnerNAB Consulting played a central role in designing the financial architecture, coordinating stakeholders, and supporting negotiations that led to Afreximbank's approval for the €250 million facility.
• Money Transfer Operators (RIA, WorldRemit, BDE, BHS, Finam, Express Union)coreChannel Partner/ Reseller/ DistributorPartnerships with international money transfer operators enable diaspora customers to send and receive remittances through Coris Bank's network across 10 countries.
• Ministry of Communications, Digital Economy, and Innovation (Guinea)coreStrategic or Co-development PartnerGuinea's ministry officially launched CORIS MONEY, an electronic currency solution developed by Coris Bank International to promote financial inclusion, digital transaction transparency, and economic modernization under Simandou Vision 2040.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Oragroup (Orabank parent): Holding company for Orabank and related entities across WAEMU and CEMAC. Comparable holding structure to Coris Holding with multi-country banking subsidiaries.
• NSIA Banque: West African banking and insurance group headquartered in Côte d'Ivoire with presence across multiple WAEMU countries. Directly comparable as a regional banking peer serving similar retail and institutional customers.
• Bank of Africa (BOA): Multi-country West and East African banking group with strong WAEMU presence, offering retail, SME, and corporate banking. Closely comparable to Coris in geographic footprint, target segments, and product mix.
• Orabank: West and Central African banking group operating across WAEMU and CEMAC countries with retail and corporate banking. Directly comparable geography and customer segments to Coris.
• BGFI Bank: Central and West African banking group with retail, SME, and corporate banking across multiple francophone African countries. Comparable as a regional competitor to Coris with overlapping geographies including Gabon and other CEMAC states.

Emerging players

• Orange Money Africa: Mobile money wallet operated by Orange across multiple African markets including WAEMU. Directly competes with Coris Money for unbanked and underbanked customers and represents a structural competitor to Coris's retail deposit base.

Broad incumbents

• Standard Chartered Africa (regional franchise): International bank with selective African presence including WAEMU, competing for corporate, institutional, and affluent retail customers. Comparable as a competitor for sovereign and corporate banking mandates.
• Société Générale Afrique: Subsidiaries of Société Générale operating across WAEMU and CEMAC countries including SGBF in Burkina Faso. Comparable as a multi-country retail and corporate bank in Coris's core geographies.
• Ecobank Transnational Incorporated: Pan-African banking group present across 35+ African countries with retail, commercial, and institutional banking. Directly comparable as a multi-country West/Central African competitor to Coris with overlapping WAEMU footprint.
• United Bank for Africa (UBA): Pan-African bank with significant presence in West Africa serving retail, commercial, and institutional clients. Comparable in multi-country franchise and remittance offerings.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Coris Bank International