Coris Holding
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.
- Company typePrivate
- Founded2013
- HeadquartersOuagadougou, Burkina Faso
- Headcount101–250
- GTM typeB2B
- OfferingServices
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%.
Coris Holding firmographics
Firmographics- 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
Coris Holding industry classification
Industry- 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
Where Coris Holding is headquartered
LocationHeadquarters
- HQ city
- Ouagadougou
- HQ country
- Burkina Faso
Offices11 records
Markets served
Coris Holding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- 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.
- 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.
- Islamic Banking (Baraka): Sharia-compliant banking services including murabaha, ijara, and other Islamic finance products across 7 countries.
- 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
Coris Holding product offering
Product offeringCore 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
Companies that use Coris Holding
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Coris Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Coris Holding partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Caixa Geral de Depósitos (CGD)coreAcquisition 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 GroupflagshipStrategic 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)coreFramework 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 AssistancecorePartnership 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
Coris Holding competitors and assessment
Company assessmentDirect 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
Coris Holding social profiles
Digital presenceCoris Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coris Holding leadership team
Management profileNumber of profiles
Profiles10 records
Coris Holding subsidiaries and ownership
Company hierarchySubsidiaries14 records
Coris Holding funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coris Holding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coris Holding
What does Coris Holding do?
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.
Is Coris Holding a public or private company?
Coris Holding is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Coris Holding founded?
Coris Holding was founded in 2013. It employs 101 to 250 people.
Where is Coris Holding based?
Coris Holding is headquartered in Ouagadougou, Burkina Faso.
How does Coris Holding make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are transaction Fees and Commissions, islamic Banking (Baraka) and meso Finance.
Who are Coris Holding's main competitors?
Direct peers on record are BGFIBank Group, NSIA Banque, Ecobank Transnational Incorporated, Bank of Africa (BOA Group) and Oragroup (formerly Orabank). Broad incumbents are United Bank for Africa (UBA), Banque Populaire du Maroc (Groupe Banque Centrale Populaire), Attijariwafa Bank and Société Générale Afrique. Coris Money / Mobile Money competitors (e.g., Orange Money Africa, MTN MoMo) is listed as an others.
Does Coris Holding have an API?
No public API is recorded for Coris Holding.
What industry is Coris Holding in?
Coris Holding's product category is Commercial Banking. Its primary akta.pro industry code is FSABABAF, SME Trade Finance & Working Capital (LCs, Guarantees, Receivables), with a secondary code of FSABAGAB, Islamic SME & Commercial Banking. Its NAICS code is 551111 and its SIC code is 6022.