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Burkina Faso: Coris Bank International's Net Banking Income up 26.9%

12/04/2021
Categories: Economy/Forex

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Performing indicators are satisfactory for Coris Bank International. At the end of the 2020 financial year, Net Banking Income (GNP) increased by 26.9% to 74.0 billion CFA francs.

In the same way as GNP, Net Income, at the end of the 2020 financial year, is profitable by CFAF 34.4 billion, thus exceeding the objectives of the period. These are among other points highlighted in the bank's management report.
The Board of Directors and shareholders were at the ordinary general meeting on Thursday, April 8, 2021 in Ouagadougou. Thus, the council indicates that Coris Bank International, in its proximity strategy, has opened three (03) new branches inside the country. The business as at 31 December 2020 consisted of 358,450 clients.

558 113 electronic wallets have been created allowing users to make transactions from their mobile phones, tablets, computers. The sales force made it possible to mobilize additional deposits from customers of 302.3 billion CFA francs in one year, i.e. a growth rate of 42.6%, bringing the outstanding amount to 1,011.6 billion at 31 December 2020.
The report on the Islamic branch of Coris mentions an agency opened in 2020, bringing to 2 the number of agencies of Islamic finance with 9,682 accounts, an increase of 41.8% over the 2020 financial year. It also recorded a net result at the end of December 2020 of 492 million FCFA.

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