Coris Bank International Bénin

What Coris Bank International Bénin does

Coris Bank International Bénin (CBI Bénin) is a privately held universal commercial bank headquartered in Cotonou, Benin, and a subsidiary of Coris Holding — a diversified financial services group with banking, insurance, and microfinance operations across 10 African countries. The bank operates through an extensive physical distribution network comprising 173+ branch agencies and 225+ ATMs spanning 69+ cities in Benin, supplemented by digital channels including E-coris (web-based online banking) and SMS Banking for 24/7 account access and transaction alerts. CBI Bénin is integrated into the regional GIM-UEMOA interbank network, the VISA international card network, and the SWIFT correspondent banking system, enabling cross-border transactions across the WAEMU zone and globally.

The bank's product portfolio spans deposit products (Coris Epargne variants, Coris Premium, term deposits DAT), current accounts packaged as Azô, Nasiara, and Ôga tiers, credit facilities (working capital, real estate, operating, and investment loans), guarantees and sureties for public procurement and customs operations, card products (Challenge Plus, Leader Visa, Open, Coris Cash prepaid Visa), and money transfer services (Western Union, Smallworld, Juba, SWIFT). Specialized offerings target children (Coris Epargne Vignon, Coris Baby), women (Coris Epargne Wẽndya), retirees (Coris Epargne Assu'Retraite, Coris Retraite), first-job youth (Compte Premier Emploi), and the Beninese diaspora. The bank is ISO 9001:2015 certified and registered with Benin's APDP for data protection compliance.

Revenue is generated through a diversified mix of interest income from lending, recurring monthly account maintenance fees (700-5,000 FCFA depending on tier), annual card fees (10,000-15,000 FCFA), transaction-based fees for transfers and FX, and net interest spread on term deposits. Customer acquisition occurs via direct retail channels (branches, account opening campaigns, financial education programs), enterprise relationship managers for SME and large corporate clients, and partnerships with money transfer operators and card networks. The bank serves four primary segments — individuals, businesses (including SARL and SA companies), NGOs/associations, and the diaspora — with no disclosed customer concentration. CBI Bénin is regulated by BCEAO under the WAEMU banking framework and operates as part of a group pursuing active geographic expansion across West and Central Africa.

Name

Coris Bank International Bénin

Legal name

CORIS BANK INTERNATIONAL BENIN

Website

https://benin.coris.bank

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Coris Bank International Bénin is a privately held universal commercial bank in Cotonou, Benin — a subsidiary of Coris Holding — serving individuals, SMEs, corporates, NGOs, and the diaspora through 173+ branches, 225+ ATMs, and digital banking channels across 69+ cities.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

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

akta.pro primary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Correspondent Banking (Nostro/Vostro & Agent Services) (FSABAJAA), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), International / Multi-Currency Wallets (FSAMAEAL)

Keywords

• Retail banking services
• Commercial banking services
• Savings and deposit accounts
• International money transfers
• Digital banking platform

Headquarters

HQ city

Cotonou

HQ country

Benin

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Core revenue from providing credit products including term credits, overdraft facilities, real estate loans, investment credits, and working capital facilities. Interest rates are competitive and negotiable based on duration and amount.
2. Account Management Fees: Monthly account maintenance fees charged on various account types: Entreprise Individual (3,000 FCFA/month), SARL (5,000 FCFA), current account (1,650 FCFA TTC/month for salary accounts), Pack Azô (700 FCFA/month), Pack Nasiara (1,200 FCFA/month).
3. Card Revenue: Annual card fees including Challenge (10,000 FCFA), Leader Visa (15,000 FCFA), Open (10,000 FCFA), and transaction fees for withdrawals and purchases at ATMs and TPE terminals.
4. Transfer and Transaction Fees: Fees for domestic and international money transfers: SICA transfers (5,000 FCFA), RTGS transfers (10,000 FCFA), international transfers with correspondent banks, and fast money transfer service fees.
5. Digital Banking Subscriptions: E-banking subscription fees (1,000 FCFA for individuals, 2,500 FCFA for businesses) and SMS banking fees (500 FCFA/month individuals, 1,000 FCFA/month businesses).
6. Term Deposit Interest Spread: Revenue generated from spread between lending rates and term deposit (DAT) remuneration rates. DAT minimum amount 10,000,000 FCFA with negotiable rates.
7. Guarantee and Surety Fees: Fees for issuing guarantees for public procurement (provisional, definitive, advance payment, retention) and fiscal guarantees for customs transactions.
8. Currency Exchange Services: Revenue from foreign exchange operations including manual currency exchange and account-to-account currency transactions for travelers and businesses, with maximum allocation of 2,000,000 FCFA per individual.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Coris Bank International Bénin is a universal commercial bank that takes deposits (savings, current, term deposits) and extends credit (working capital, real estate, operating, and investment loans) to individuals, businesses, NGOs and the diaspora in Benin. It also issues bank guarantees for public procurement and customs, provides domestic and international money transfers (SWIFT, SICA/RTGS, Western Union, Smallworld, Juba), supplies debit and prepaid Visa cards (Challenge Plus, Leader Visa, Open, Coris Cash), and delivers digital banking through its E-Coris platform and SMS Banking. The bank serves customers through a 173+ branch and 225+ ATM network across 69+ Beninese cities, alongside digital and correspondent banking channels within the Coris Group's 10-country WAEMU/CEMAC footprint.

Product overview

Coris Bank International Benin operates as a universal commercial bank offering a comprehensive portfolio of traditional banking products and services. The core offering centers on deposit accounts (savings, checking, and term deposits), lending (working capital, real estate, operating, and investment credits), guarantees and sureties (public procurement and tax guarantees), money transfers (domestic and international via SWIFT, GIM-UEMOA, and Western Union), and card services (Challenge Plus, Leader Visa, Open, and Coris Cash prepaid cards). Digital banking is delivered through E-Coris online banking and SMS Banking. The retail segment is served through targeted account packages (Pack Azo, Pack Nasiara, Pack Oga, Coris Premium) and specialized savings products (Coris Epargne Vignon for children, Coris Epargne Assu'Retraite for retirement, Coris Epargne Nountito for projects, Coris Epargne Wendya for women, Coris Epargne Baby, and Coris Epargne Logement for home purchases). Business banking includes accounts for enterprises, SARL, SA, and NGO/association segments. Supporting services include credit simulation, currency exchange operations, E-Swift transfer alerts, whistleblowing, and client complaint management.

Differentiator

Problem solved

Functional benefit

Brands

• E-Coris: Online and mobile banking platform enabling account access, balance consultation, transfers, and currency rate browsing.
• E-Swift

Products and services

• Savings Accounts (Coris Epargne family)

Quantifiable outcome

• 173+ branch agencies across Benin
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• ANTS (Agence Nationale de Transfusion Sanguine)minorStrategic or Co-development Partner · 2 May 2025National blood transfusion agency partnering with CBI for blood donation drives supporting public health objectives and seasonal blood reserve replenishment.
• Coris HoldingcoreOthersParent company and holding entity for Coris Bank International group operating across 10 African countries including banking, microfinance, insurance, and financial services subsidiaries.
• GIM-UEMOAcoreTechnology or IntegrationRegional interbank network connecting financial institutions in West African Economic and Monetary Union enabling card withdrawals, transfers, and payment services across member banks.
• VISA InternationalcoreTechnology or IntegrationInternational payment card network enabling Coris Cash prepaid cards and Leader Visa cards to be accepted globally wherever VISA cards are accepted for payments and withdrawals.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer service provider enabling fast money transfer services for cash-to-cash, cash-to-account, and account-to-cash remittance operations.
• SmallworldcoreChannel Partner/ Reseller/ DistributorInternational money transfer network providing fast cross-border money transfer services in partnership with CBI Benin.
• Juba ExchangecoreChannel Partner/ Reseller/ DistributorMoney transfer service provider integrated with CBI Benin for fast international remittance services.
• APBEF (Association Professionnelle des Banques et Etablissements Financiers)minorOthersProfessional banking association in Benin representing member banks and financial institutions in regulatory and industry discussions.
• BCEAO (Banque Centrale des États de l'Afrique de l'Ouest)coreOthersCentral bank of WAEMU zone regulating monetary policy, banking supervision, and interbank payment systems including BCEAO-coordinated coverage mechanisms.
• Coris AssurancescoreOthersInsurance subsidiary of Coris Group offering insurance products integrated with banking services including Coris Epargne Assu'Retraite combined savings and retirement insurance product.
• Coris BourseminorOthersFinancial markets subsidiary of Coris Group providing access to investment and securities products for CBI customers.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Wave Senegal: Wave is a mobile money operator rapidly expanding across WAEMU (Senegal, Côte d'Ivoire, Mali, Burkina Faso, Gambia) with a low-fee digital wallet model that is reshaping payment and remittance economics. While not yet in Benin, it represents an emerging competitive threat to CBI's core fee-based transfer revenue.

Direct peers

• Orabank Bénin: Orabank Benin is part of the Oragroup, a pan-African banking group operating in 12 WAEMU and CEMAC countries. It competes with CBI on retail and corporate banking products, multi-country card programs, and SME credit offerings.
• Banque Sahélo-Saharienne pour l'Investissement et le Commerce (BSIC) Bénin: BSIC Benin is a regional commercial bank with WAEMU and CEMAC presence offering retail, corporate, and trade finance products. It competes with CBI on SME lending, deposit mobilization, and international money transfer services.
• United Bank for Africa (UBA) Benin: UBA's Benin subsidiary is part of a pan-African commercial banking group offering retail, SME, and corporate banking across 20+ African countries. It directly competes with CBI on cross-border banking, digital platforms, and corporate finance offerings.
• Banque Atlantique Bénin: Banque Atlantique Benin is part of Atlantic Financial Group (AFG), serving WAEMU retail and corporate banking customers with deposits, credit, money transfers, and card products. It directly competes with CBI in the Beninese commercial banking market.
• Coris Bank International Burkina Faso: Coris Bank International Burkina Faso is the group's flagship subsidiary and direct sister entity of CBI Benin, sharing identical product architecture, digital platforms, and correspondent banking relationships. It is the most operationally comparable peer, given the shared Coris Holding ownership.
• Société Générale de Banques au Bénin: Société Générale's Benin subsidiary is a long-established universal commercial bank with strong corporate banking and trade finance capabilities. It directly competes with CBI in corporate deposits, large-ticket lending, and international banking services.
• Bank of Africa Benin (BOA Benin): BOA Benin is part of the Bank of Africa group operating across WAEMU and East Africa, providing universal banking services including deposits, credit, money transfers, and cards. It is one of CBI's closest direct competitors in the Beninese retail and SME banking market.
• Ecobank Benin: Ecobank's Benin subsidiary is a leading regional commercial bank offering deposit, lending, card, and transfer products across retail and corporate segments. It competes head-to-head with CBI on branch coverage, multinational clientele, and WAEMU-wide correspondent banking capabilities.
• NSIA Banque Bénin: NSIA Banque Benin is part of the NSIA Group, a leading West African financial services conglomerate with banking operations across multiple WAEMU countries. It competes directly with CBI on retail deposits, SME credit, and bancassurance distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/coris-bank-international-benin

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Bank International Bénin