Idrissa Nassa's Coris Bank posts $74 million H1 profit as bad loan charges jumped 48%
Coris Bank International Burkina Faso lifted half-year net income 23.5% to $74 million while its cost of risk rose 48% to a seven-year high.
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Coris Bank International Burkina Faso lifted half-year net income 23.5% to $74 million while its cost of risk rose 48% to a seven-year high.
Coris Bank International Burkina Faso reached 1,040 billion CFA francs on Sept. 2, up 201% this year, after first-half profit rose 24%.
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
Coris Holding, founded by Burkinabè banker Idrissa Nassa, has signed an €80 million facility with the ECOWAS bank for food, energy and agriculture.
Coris Bank International, founded by Burkinabè businessman Idrissa Nassa, plans to open in the Central African Republic as it pushes into Central Africa.
Coris Bank, led by Idrissa Nassa, has incorporated a Cameroonian subsidiary and named its leaders, awaiting approval to start operations. Ghost
Idrissa Nassa's Coris Holding has raised its stake in Cape Verde's biggest bank to 62.25% after completing a mandatory public acquisition offer targeting minority shareholders.
Idrissa Nassa's Coris Holding and Vista Bank are jointly requesting $45 million from the IFC to expand SME lending in Senegal, separate from the $10 million Chad facility already in the pipeline for Coris.
The IFC plans to provide up to $10 million to Coris Bank International Chad, a subsidiary of Idrissa Nassa's Coris Holding, to expand SME lending across trade, construction and agriculture.
Idrissa Nassa's Coris Holding has joined a 17-institution coalition targeting a $50 billion gap in African agricultural trade financing at the Nairobi summit.
Idrissa Nassa started out trading bicycle parts and consumer goods in Burkina Faso. He now controls a $9 billion pan-African banking empire.
Coris Bank, founded by Idrissa Nassa, posted a 22% rise in first-quarter profit in 2026, continuing its strong run across West Africa.
Coris Bank International posted CFA103.2 billion in net profit in 2025, a 36% increase, as founder Idrissa Nassa's regional banking group extends its West African footprint.
Coris Bank International has filed to enter Cameroon, seeking a foothold in the CEMAC region's largest and most profitable banking market.
Burkina Faso's two most powerful businessmen are fighting over TotalEnergies' former 170-station fuel network, according to Africa Intelligence.
IFC is weighing a $100 million loan to back Idrissa Nassa’s Coris Holding as it finances a majority takeover of Cabo Verde’s BCA.