Coris Holding

What Coris Holding does

Coris Holding SA is a private financial holding company incorporated in Burkina Faso in 2013 that functions as the parent of the Coris Group, the second-largest banking group in the UEMOA/WAEMU region by 2024 ranking. The group's core operating subsidiary, Coris Bank International (CBI), founded in 2008 by Idrissa Nassa, operates commercial banking across 10 countries in West and Central Africa (Burkina Faso, Côte d'Ivoire, Mali, Togo, Senegal, Benin, Guinea, Chad, plus branches in Niger and Guinea-Bissau), with the Cape Verde acquisition of Banco Comercial do Atlântico (BCA) in January 2026 adding an 11th market. The group operates through 173 physical branches in 69 cities, serves more than 1,000,000 customers, and employs approximately 2,162 people.

The group's product ecosystem spans conventional commercial banking (CBI), Sharia-compliant Islamic banking (Coris Bank International Baraka, present in 7 countries), meso-finance targeting very small and medium enterprises (Coris Méso Finance, in 3 countries), a mobile e-wallet (Coris Money), insurance (Coris Assurances), brokerage (Coris Bourse), and proprietary intra-group instant money transfer (RAPIDEX) and UEMOA-wide instant payments (PI-SPA/PI-SPI). Digital infrastructure was unified in November 2025 through MyCoris Bank, a multilingual multi-country web and mobile platform deployed on Proxym Group's Bankerise Digital Engagement Platform, replacing legacy E-Coris Retail and E-Coris Corporate channels.

Revenue is generated primarily through interest income from SME/PMI and retail lending, transaction fees and commissions on transfers (Western Union, MoneyGram, RAPIDEX, currency exchange), Islamic finance margins, and meso-finance margins. The principal subsidiary CBI Burkina Faso is publicly listed on the BRVM regional exchange with a €503 million market capitalization (4th in the financial sector) and a consolidated balance sheet of approximately €3.5 billion as of FY2022. Go-to-market combines traditional branch-based relationship banking (sales-led) with digital-first onboarding via MyCoris Bank and Coris Money targeting the unbanked and underbanked across markets where bank-account penetration remains below 30%.

Name

Coris Holding

Legal name

Coris Holding SA

Website

https://coris-holding.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Coris Holding SA is a private Burkinabè financial holding company and the parent of the Coris Group, the second-largest banking group in UEMOA, operating Coris Bank International across 10+ West and Central African countries. It serves SMEs, retail individuals, corporates, and Islamic finance customers through 173 branches, digital banking (MyCoris Bank), and meso-finance.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Offices of Bank Holding Companies (551111), Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC)

Keywords

• Commercial banking services
• SME financing
• Islamic banking
• Micro and meso finance
• Mobile money

Headquarters

HQ city

Ouagadougou

HQ country

Burkina Faso

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking interest revenue from lending activities including working capital credits, consumer credit, mortgage financing, and investment credit. Interest income from financing SMEs and individuals.
2. Transaction Fees and Commissions: Fee income from banking transactions including wire transfers, international transfers (Western Union, MoneyGram, RAPIDEX), currency exchange operations, and account management fees.
3. Islamic Banking (Baraka): Sharia-compliant banking services including murabaha, ijara, and other Islamic finance products across 7 countries.
4. Meso Finance: Financing services for SMEs too large for microfinance and too small for traditional banking, providing growth capital and working capital solutions.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Coris Holding is a Burkina Faso-based financial holding company operating a pan-African banking group through its principal subsidiary Coris Bank International, with 173 branches across 10 countries in West and Central Africa. It provides conventional commercial banking (deposits, lending, trade finance, treasury), Islamic banking (Coris Baraka), dedicated SME/meso-finance (Coris Méso Finance), mobile money (Coris Money), insurance (Coris Assurances), and brokerage (Coris Bourse), primarily serving SMEs, corporates, and retail individuals in the UEMOA region.

Product overview

Coris Holding is a pan-African financial group organized around two main business poles: a conventional banking pole (Coris Bank International, CBI) and a meso-finance pole (Coris Méso Finance). Coris Bank International operates as the Group's flagship commercial banking brand across 11 subsidiaries and branches in 10+ countries, while its Islamic finance sub-brand Coris Bank International Baraka serves Sharia-compliant banking needs in 7 countries. Supporting these core businesses are complementary brands including the Coris Money e-wallet, the Coris Assurances insurance subsidiary, the Coris Bourse brokerage service, and the Fondation Coris CSR foundation. The Group has expanded through acquisitions including the purchase of Société Générale Tchad and, most recently, Banco Comercial do Atlântico (BCA) in Cape Verde. A major digital transformation initiative in 2025 deployed the MyCoris Bank digital platform across all entities.

Differentiator

Problem solved

Functional benefit

Brands

• MyCoris Bank: Digital banking platform (web and mobile) deployed across all group subsidiaries and countries, powered by Proxym Group's Bankerise technology. Multilingual and multi-country, serving both retail and corporate clients.
• Coris Bank International Baraka
• Coris Méso Finance
• Coris Money
• E-Coris
• RAPIDEX
• PI-SPA / PI-SPI

Products and services

• Coris Bank International (CBI) Pan-African commercial banking brand operating across West and Central Africa, offering savings accounts, term deposits, checking and commercial accounts, credit facilities (treasury, real estate, consumer, operational, investment loans), guarantees, leasing, wire transfers, international transfers, currency exchange, SMS banking, and card products for retail, SME, and corporate customers.
• Coris Bank International Baraka Islamic finance division offering Sharia-compliant banking products and services in seven countries (Burkina Faso, Côte d'Ivoire, Mali, Togo, Senegal, Benin, and Niger branch), including investment and financing activities compliant with Islamic law principles.
• Coris Méso Finance Meso-finance subsidiary targeting enterprises too large for microfinance and too small for traditional banking, serving very small and medium enterprises (TPME) and informal sector businesses with financing solutions adapted to their growth cycle, present in three countries.
• Coris Money

Quantifiable outcome

• €100 million capital injection to support MSME financing and regional expansion
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Caixa Geral de Depósitos (CGD)coreStrategic or Co-development Partner · 26 November 2025Acquisition of Banco Comercial do Atlântico (BCA) from Portuguese public bank CGD. Sale to close by January 2026 with CGD maintaining presence through Banco Interatlântico.
• Proxym GroupflagshipTechnology or Integration · 14 November 2025Strategic partnership for digital transformation and deployment of Bankerise Digital Engagement Platform. Launched MyCoris Bank - a unified multi-language, multi-country digital banking platform for retail and corporate customers across all subsidiaries.
• Fonds de Solidarité Africain (FSA)coreStrategic or Co-development Partner · 24 January 2025Framework partnership agreement signed to support economic development financing in countries where Coris Bank Group operates. Agreement signed by DG Diakarya OUATTARA and FSA DG Abdourahmane DIALLLO.
• Wafa IMA AssistancecoreStrategic or Co-development Partner · 23 November 2023Partnership agreement for providing insurance assistance programs including Travel Assistance, Medical Evacuation, Diaspora Repatriation, and Automobile Assistance through Coris Bank International subsidiaries.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• BGFIBank Group: Central African banking group headquartered in Gabon with presence across CEMAC. Comparable as a regional commercial bank serving SMEs and corporates across francophone Africa, overlapping with Coris in CEMAC markets.
• NSIA Banque: Ivorian-headquartered banking and insurance group with operations across francophone West and Central Africa. Comparable as a regional financial conglomerate with banking, insurance, and asset management.
• Ecobank Transnational Incorporated: Largest pan-African banking group with presence across 35+ African countries. Directly comparable as a multi-jurisdictional commercial banking group serving SMEs, corporates, and retail customers across UEMOA, CEMAC, and beyond.
• Bank of Africa (BOA Group): Pan-African commercial banking group operating in 18 countries with strong UEMOA presence. Comparable business model covering retail, SME, and corporate banking across West Africa.
• Oragroup (formerly Orabank): West and Central African banking group present in 12 countries. Closely comparable as a regional commercial bank focused on corporate, SME, and retail segments across UEMOA and CEMAC.

Broad incumbents

• United Bank for Africa (UBA): Pan-African banking group present in 20+ African countries and major global financial centers. Comparable multi-country commercial banking model, with a stronger focus on digital/pan-African remittances and corporate banking.
• Banque Populaire du Maroc (Groupe Banque Centrale Populaire): Moroccan banking group with significant West African subsidiary presence. Comparable as a commercial and Islamic banking group operating across francophone Africa, though headquartered outside UEMOA.
• Attijariwafa Bank: Moroccan banking leader with extensive West and Central African subsidiary network. Comparable regional commercial banking and SME financing franchise, but materially larger and more diversified.
• Société Générale Afrique: French bank's historical African subsidiary network; Coris has acquired Société Générale Tchad and is acquiring Société Générale Mauritanie from this group. Comparable as a multi-country UEMOA/CEMAC commercial banking franchise.

Others

• Coris Money / Mobile Money competitors (e.g., Orange Money Africa, MTN MoMo): Orange Money and MTN MoMo operate mobile money/wallet services across West Africa overlapping with Coris Money. They are not direct banking peers but compete for the same unbanked/underbanked customer base and remittance flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coris-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries14 records

Funding overview

Funding rounds2 records

Investors6 records

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 Coris Holding