Coris Bank International Togo

What Coris Bank International Togo does

Coris Bank International Togo is a privately held universal bank headquartered in Lomé, Togo, founded on February 20, 2015 as a wholly-owned subsidiary of Coris Holding, the third-largest banking group in the UEMOA (West African Economic and Monetary Union). Operating under the tagline "La Banque Autrement" (The Bank Otherwise), the bank serves individuals, SMEs/PMI (small and medium enterprises), associations/NGOs/government entities, and the Togolese diaspora through 173 branches spread across more than 69 cities, complemented by 225+ ATMs, mobile payment agents, and a dedicated Islamic finance window (Coris Baraka Finance Islamique).

The product portfolio spans core banking, digital channels, and specialized retail finance. Core offerings include current accounts (salary, individual, SARL, SA), savings accounts with demographic variants (Coris Epargne, Leader, DADA for women, KID for children, KDO for projects, Diaspora, Bayiiri, Pèlerinage for pilgrims), term deposits (DAT), and a suite of credits covering working capital, real estate, investment, overdrafts, and campaign credits. The digital stack is built on three proprietary layers: E-Coris internet banking, SMS Banking for basic-feature mobile access, and Coris Money, a mobile payment platform handling deposits, withdrawals, bill payment, merchant and salary payments, and credit top-ups. Card products span GIM-UEMOA regional (Open, Challenge) and VISA International networks (Coris Cash prepaid, Leader Visa), with RapidEx New providing inter-subsidiary interoperability across the wider 12-country Coris group. Money transfer is delivered through SWIFT, STAR-UEMOA, RapidEx, RIA, Western Union, MoneyGram, and Small World partnerships.

Revenue is generated through multiple recurring and transactional streams: interest income from credit products, subscription fees for E-Banking and SMS Banking, monthly account maintenance fees (ranging from 900 FCFA for salary accounts to 15,000 FCFA for SA company accounts), card management and transaction fees, wire transfer commissions, and interest spreads on time deposits and savings products (offering up to 4.75% annual on premium accounts). Complementary income streams include commissions on bank guarantees (cautions) for public procurement, currency exchange operations, Coris Protect insurance fees (1,000 FCFA/month), and fee-based partnerships with Wafa IMA Assistance for travel and medical services and CBIP for France-based diaspora banking. Distribution combines the extensive physical branch network with digital self-serve channels and event-driven community outreach (Coris Days, Foire Internationale Togo 2000 sponsorship), positioning the bank as a financial inclusion-focused universal player in Togo.

Name

Coris Bank International Togo

Legal name

Coris Bank International Togo

Website

https://togo.coris.bank

Company type

Private

Founded year

2015

Operating status

Operating

Short description

Coris Bank International Togo is a universal bank headquartered in Lomé, serving individuals, SMEs/PMI, associations/NGOs, and diaspora clients through 173 branches, digital banking, mobile payments, and Islamic finance products. It is a subsidiary of Coris Holding, the third-largest banking group in UEMOA.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

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

SIC

National Commercial Banks (6021)

akta.pro primary industry

International / Multi-Currency Wallets (FSAMAEAL)

akta.pro secondary industry

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

Keywords

• Retail banking services
• Commercial banking products
• Money transfer services
• Islamic finance banking
• Mobile payment solutions

Headquarters

HQ city

Lomé

HQ country

Togo

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Credit Products: Interest income from various credit products including term credits, overdraft facilities, campaign credits, advance on contracts, real estate loans, investment credits, and working capital facilities
2. Card Fee Income: Annual card management fees, transfer fees between cards, loading fees, and withdrawal fees from VISA international cards (Coris Cash, Open, Challenge, Leader) and GIM-UEMOA regional cards
3. Transfer and Remittance Fees: Fees from domestic wire transfers (STAR-UEMOA), international transfers, and rapid money transfer services (RapidEx, RIA, Western Union partnerships)
4. Account Management Fees: Monthly account maintenance fees for various account types including SARL (7,500 FCFA), SA (15,000 FCFA), individual business (4,000 FCFA), and individual accounts
5. E-Banking Subscription Fees: Subscription fees for E-banking services: 1,000 FCFA for individuals, 2,500 FCFA for businesses. SMS banking subscription: 500 FCFA/month for individuals, 1,000 FCFA/month for businesses
6. Time Deposit Interest Spread: Interest spread from time deposits (DAT) with minimum initial deposit of 5,000,000 FCFA, minimum 3-month duration, and negotiable rates based on term and amount

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Coris Bank International Togo is a universal commercial bank offering deposit accounts (current, savings, fixed-term deposits), credit facilities (working capital, real estate, investment loans), payment cards (Visa and GIM-UEMOA), domestic and international money transfers, Islamic finance products, and digital banking channels (E-Coris internet banking, SMS banking, and Coris Money mobile payments). It serves individuals, SMEs, large corporations, associations, and the Togolese diaspora through an extensive branch and ATM network in Togo.

Product overview

Coris Bank International Togo operates as a universal bank offering a comprehensive suite of banking products and services through a multi-channel distribution network. The product portfolio centers on core banking services including current and savings accounts (with specialized variants like Coris Epargne, Coris Leader, Coris Diaspora, Coris DADA for women, Coris Kid for children, and Coris Bayiiri for diaspora), fixed-term deposits (DAT), and credit facilities (working capital, real estate, investment, and campaign credits). Digital banking services include E-Banking (E-Coris) for 24/7 internet access, SMS Banking for mobile notifications, and Coris Money for mobile payments. The bank also offers card products through VISA International and GIM-UEMOA networks (Coris Cash prepaid cards, Open, Challenge, and Leader Visa cards), fast money transfers (RapidEx, RIA, Western Union, MoneyGram), bank guarantees for public procurement, currency exchange, and Islamic finance solutions through the Baraka Finance Islamique window. Coris Protect provides life and provident insurance. The product ecosystem is designed to serve individuals, SMEs/PMI, large enterprises, diaspora clients, and associations with both conventional and Sharia-compliant options.

Differentiator

Problem solved

Functional benefit

Brands

• Coris Money: Mobile payment solution for deposits, withdrawals, bill payments, TV/Internet subscriptions, merchant payments, salary payments, money transfers, and mobile credit recharging.
• Coris Protect
• Coris Baraka Finance Islamique
• RapidEx New
• E-Coris
• SMS Banking

Products and services

• Leader Visa Card (International Card) International Visa banking card for checking and commercial account holders, enabling 24/7 global access with 1,000,000 FCFA daily withdrawal limit. Annual fee 27,500 FCFA, package subscription 1,950 FCFA/month. Validity 2 years.
• Cautions Fiscales (Tax Guarantees) Tax guarantees issued by the bank to customs authorities for customs transactions, including fictitious warehouses, temporary admissions, and customs credits.
• Challenge Card (GIM-UEMOA Regional Card) Regional withdrawal and payment card for checking or commercial accounts, affiliated to GIM-UEMOA with 500,000 FCFA daily withdrawal limit. Validity 2 years.
• Dépôts à terme (DAT) Fixed-term renewable deposit placement with minimum 3-month duration and negotiable interest rates based on term and amount, available to clients seeking remunerated savings.
• Crédits (Credit Facilities) Suite of credit facilities including working capital loans (overdraft, cash facility, campaign credit, advance on contracts, documentary credit), real estate loans, operating credits, and medium/long-term investment credits for businesses, professionals, and individuals.
• Cautions (Bank Guarantees) Bank guarantees for public procurement contracts (provisional, final, advance, retention bonds) and fiscal/tax guarantees for customs transactions including fictitious warehouses, temporary admissions, and customs credits.
• Virements (Wire Transfers) Wire transfer services including internal CBI transfers, local STAR-UEMOA transfers within the UEMOA zone, and international transfers via SWIFT correspondent banking network.
• E-Banking (E-Coris) Internet banking service providing 24/7 account access, balance consultation, statement generation, check ordering, currency rate consultation, and real-time transaction information.
• SMS Banking Mobile phone-based banking service delivering real-time account notifications including credit and debit transactions 24 hours a day, 7 days a week.
• Opérations de Change (Currency Exchange) Currency exchange services for obtaining foreign currencies or exchanging international currencies against the national currency, with 2,000,000 FCFA maximum per transaction for individuals.
• Cartes Bancaires (Banking Cards) Banking card offerings including Coris Cash international prepaid Visa cards, Open and Challenge GIM-UEMOA regional cards, Leader Visa international cards, and Academia student cards tailored to different client needs and spending profiles.
• Coris Money Mobile Payment Solution Mobile payment solution enabling cash deposits/withdrawals, bill payments, TV/Internet subscriptions, merchant and e-commerce payments, salary disbursements, money transfers, and mobile credit top-ups through agent network.
• Coris Epargne (Standard Savings Account) Savings account offering 3.5% annual interest with 10,000 FCFA minimum deposit, designed for clients seeking to grow savings with security.
• Coris Epargne Leader (Premium Savings Account) Premium savings account with 4.75% annual interest, 5,000,000 FCFA minimum deposit, and a 3-year contract renewable for 12 months by tacit renewal.
• Coris Epargne DADA (Women's Savings Account) Women's savings account designed to promote women's access to banking services, earning 3.75% annual interest with 5,000 FCFA minimum deposit.
• Coris Epargne KDO (Project Savings Account) Goal-based savings account for clients aspiring to achieve personal projects, earning 4.5% annual interest with 100,000 FCFA minimum deposit and potential financial support for project realization.
• Coris Epargne KID (Children's Savings Account) Children's savings account for ages 0-17, earning 4.5% annual interest plus 2.5% bonus on accumulated interest, with school kit giveaways for accounts with balances over 150,000 FCFA. Account closes at age 18.
• Coris Diaspora (Diaspora Account) Diaspora savings account for Togolese living abroad or non-Togolese with interests in Togo, earning 4% annual interest paid twice yearly, with remote account opening capability and project financing support. Minimum deposit 50,000 FCFA, minimum initial deposit 50 euros.
• Coris Protect (Insurance Product) Life insurance and provident insurance product at 1,000 FCFA per month, providing medical assistance in case of accident (up to 200,000 FCFA), funeral indemnities (up to 800,000 FCFA plus account balance average), and disability assistance (up to 2,500,000 FCFA) for clients aged 18-60.
• Compte Chèque Salarié (Salary Checking Account) Current account for salaried employees in public and private sectors, providing access to all banking products and services with credit facilities. Monthly management fee 900 FCFA HT.
• Compte Courant Particulier (Individual Current Account) Current account for informal sector individuals to bank their money and access banking services, with 10,000 FCFA minimum deposit and 1,650 FCFA monthly management fee.
• Compte Société SARL (Limited Company Account) Corporate account for limited liability companies (SARL) with access to all banking products, 100,000 FCFA minimum deposit, and 7,500 FCFA monthly management fees. Checkbook available in 2 weeks.
• Compte Société Anonyme (SA Corporate Account) Corporate account for anonymous societies (SA) with 15,000 FCFA monthly management fees and full access to banking services.
• Compte Entreprise Individuelle (Individual Business Account) Business account for individual traders registered in the Trade and Credit Register (RCCM) with 50,000 FCFA minimum deposit and 4,000 FCFA monthly management fees.
• Compte Association/ONG (Association/NGO Account) Account for associations and non-governmental organizations to domicile their funds and access all banking products and services.
• Coris Bank Baraka Finance Islamique Islamic finance window under the Coris Bank Baraka brand offering Sharia-compliant financial products and services for clients seeking ethical alternatives to conventional banking, with dedicated branch locations.
• RapidEx New (Inter-Bank Transfer Solution) Innovative inter-bank transfer solution enabling cash-to-cash, cash-to-account, account-to-account, and account-to-cash transfers between all Coris Bank International subsidiaries across West Africa with full interoperability, speed, and security.
• Transferts Rapides d'Argent (Rapid Money Transfers) Fast money transfer services for sending and receiving funds from UEMOA countries and worldwide through partnerships with RIA, Western Union, MoneyGram, and Small World, including cash-to-cash, cash-to-account, account-to-account, and account-to-cash options in FCFA, EUR, and USD.
• Coris Epargne Logement (Home Savings Plan) Home savings plan enabling subscribers to gradually and safely build the capital needed to obtain a real estate loan.
• Coris Epargne Vision (Vision Savings Account) Vision savings account for students, workers, and promoters aiming to realize personal projects, with potential financial support for project completion.
• Academia Card (Student Card) Withdrawal and payment card designed for students, student civil servants, and apprentices, allowing easy domestication of financial aid and loans with real-time reload capability.
• Coris Epargne Famille (Family Savings Account) Family savings account enabling parents to cultivate savings spirit by opening accounts for each family member to grow money while preparing for future family expenses.
• Coris Epargne Pèlerinage (Pilgrimage Savings Account) Pilgrimage savings account for constituting prior savings during a determined period to finance Hajj or Umrah trips.
• Coris Cash (International Prepaid Visa Card) International prepaid Visa payment and withdrawal card with EMV chip, not linked to a bank account, with 2,000,000 FCFA daily loading limit and SMS alerts per transaction. Card cost 10,000 FCFA, validity 2 years.
• Open Card (GIM-UEMOA Regional Card) Simple withdrawal card linked to a savings or checking account, affiliated to GIM-UEMOA with 200,000 FCFA daily withdrawal limit, 7,500 FCFA annual management fee, and 422 FCFA monthly package subscription. Validity 2 years.

Quantifiable outcome

• Savings interest rate up to 4.75% annually for Coris Leader premium accounts
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and major.

• Wafa IMA AssistancecoreStrategic or Co-development Partner · 23 November 2023Partnership providing comprehensive assistance programs including travel assistance, medical evacuation, diaspora repatriation, and automobile assistance through insurance policies distributed across Coris Bank International subsidiaries. Signed November 23, 2023 between Diakarya OUATTARA (Coris Holding DG) and Mohamed IBRAHIMI (Wafa IMA DG).
• CBIP (Compagnie des Banques Internationales de Paris)coreChannel Partner/ Reseller/ DistributorPartnership between Coris Bank International and CBIP for enhanced financial services for Togolese residents in France. Offers account opening (checking and savings), cash deposits (8 euro flat fee), check remittance, and fund disbursement to beneficiaries in Togo.
• RapidExcoreTechnology or IntegrationMoney transfer service enabling transfers between all Coris Bank International subsidiaries across West Africa
• RIAmajorTechnology or IntegrationInternational money transfer network for cross-border remittances to and from Togo
• Western UnionmajorTechnology or IntegrationInternational money transfer service for global remittance coverage
• Société GénéralemajorOthersCoris Group completed acquisition of Société Générale's subsidiary in Chad (SGT) in January 2024, marking entry into Central Africa (CEMAC zone) and expansion to 12 countries. The acquired entity became Coris Bank International Tchad.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ecobank Transnational Incorporated: Pan-African commercial bank with a deep branch and agent network across UEMOA, including Togo. Directly competes with Coris on retail deposits, SME lending, cards (VISA), and cross-border remittances via its regional platform.
• Orabank: West and Central African commercial banking group operating in multiple UEMOA countries. Directly comparable on universal banking, regional expansion strategy, and SME/private banking focus similar to Coris.
• Banque Atlantique (Atlantic Financial Group): UEMOA-focused banking group with operations across West Africa. Competes head-to-head with Coris on retail, SME, and corporate banking products in shared markets.
• NSIA Banque: Pan-African banking and insurance group headquartered in Côte d'Ivoire with significant UEMOA presence. Comparable on universal bank product suite, regional footprint expansion, and bancassurance (Coris Protect analogue).
• United Bank for Africa (UBA): Pan-African commercial bank with extensive UEMOA operations, including Togo. Directly comparable on retail/SME banking, Visa card products, and digital channels (UBA Africa App analogous to Coris Money/E-Coris).
• Société Générale (Togo and West Africa): French-headquartered bank historically operating in Togo; Coris Group acquired its Chad subsidiary in 2024. Comparable as a direct competitor in shared UEMOA markets on corporate banking and correspondent services.
• BGFIBank: Central and West African commercial banking group active across UEMOA and CEMAC. Competes with Coris on retail/SME banking and post-Coris's Chad entry, directly in CEMAC.
• BSIC (Banque Sahélo-Saharienne pour l'Investissement et le Commerce): UEMOA/CEMAC-focused banking group with presence in several countries shared with Coris, including Togo. Comparable on Islamic finance window and SME financing focus.

Regional players

• Banque Togolaise de Commerce et d'Industrie (BTCI): Local incumbent commercial bank headquartered in Togo. Direct domestic competitor to Coris on retail deposits, SME lending, and corporate accounts in the Togolese market.

Others

• Coris Holding (parent): Burkina Faso-based parent group that owns Coris Bank International Togo and 11 other subsidiaries. Material comparability because the parent's consolidated scale, M&A strategy (Société Générale Tchad), and regional rollout determine Togo's strategic direction and resource allocation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/corisholding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Togo