Burkina Faso's Banking Mogul Idrissa Nassa's Coris Bank Togo Hits 845 Million In Assets

Coris Bank International, the Burkina Faso-based banking group led by Idrissa Nassa, has seen the total assets of its Togolese unit, Coris Bank Togo, surge to 845 million. The steady growth reflects the groups commitment to strengthening its West African footprint.

Since 2021, Coris Bank Togos total assets have grown from CFA428 billion 685 million to CFA528 billion 845 million as of September 2024. This increase has strengthened its position among Togos top lenders, driven by innovation, diverse services, and a growing customer base. The bank now serves over 79,000 customers and has 196,000 users on its e-money platform.

To boost financial inclusion in West Africa, Coris Bank International launched its e-money service, Coris Money, in July 2022 through its Togolese subsidiary. The platform has since become a key part of the banks operations in Togo. Customer deposits have risen to CFA310 billion 496 million, while net loans stand at CFA206.9 billion 331 million.

Founded in 2008 by Idrissa Nassa, Coris Bank International has grown from a small financial institution with just 3 million in capital to a major banking group managing assets worth 9 billion. Its network spans Cte dIvoire, Mali, Togo, Senegal, Benin, Niger, and Guinea-Bissau.

Under Nassas leadership, the group has aggressively expanded. In 2021, it launched Coris Bank International Guinea, which quickly became a key player in the countrys banking sector. In 2023, Coris acquired Standard Chartereds consumer banking business in Cte dIvoire. More recently, it took over Socit Gnrales subsidiary in Chad and is eyeing a potential acquisition of Socit Gnrale Mauritanie, signaling its intent to deepen its presence in the region.