Saturday 25 November 2017

Coris Bank generates net profit of 10.073b CFA in first half of 2017

Coris Bank generates net profit of 10.073b CFA in first half of 2017
(APA 08/24/17)

Pan-African banking group Coris Bank International (CBI), based in Ouagadougou Burkina Faso, posted a net profit of 10.073 billion CFA in the first half of 2017, officials told APA Wednesday.

This result is up by 22.6 percent compared to the first half of 2016.

The balance sheet total stands at 1021 billion CFA, net banking income at 22.7 billion CFA, while gross operating income stands at 15.4 billion CFA.

These results foreshadow good prospects for CBI, which had realized a profit of about 16 billion CFA in 2016.

Coris Bank is considering another capital increase by September 2017.

CBI was the third company in Burkina Faso to enter the Abidjan Regional Stock Exchange (BRVM) in 2016, after Onatel owned by Maroc Télécom, and Bank of Africa owned by Moroccan BMCE Bank.

With more than 212,000 clients and some 40 agencies in Burkina Faso, CBI has opened an Islamic banking window, and is present in Benin, Cote d’Ivoire, Mali, Senegal and Togo.

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