Home » News » Financial rating: Green Coris Bank with AA rating from Bloomfield

Financial rating: Green Coris Bank with AA rating from Bloomfield

👉 Very high repayment guarantee in good time
Liquidity factors are excellent and supported by key protection features. Risk factors are small.

👉 Key performance factors

The ranking is based on the following positive characteristics:

Leadership position maintained despite the difficult conditions in Burkina Faso and the UMOA zone;
Continuous improvement in the bank’s commercial and financial performance despite the economic situation in Burkina Faso and the UMOA zone;
Improvement in the concentration ratio of the 50 largest undertakings;
Improvement in the net operating ratio.
The main factors in credit quality sensitivity are:

👉 Cost of risk declining and still significant at the end of 2023;
Tight monetary policy;
A socio-political and security environment that remains fragile

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Coris Bank International SA, abbreviated CBI SA, is a public limited company under Burkinabe law, created in January 2008, after the company Etablissement NASSA (family business) took over the assets of Financière du Burkina Faso (FIB-SA) over. It is the first banking subsidiary of the Coris Holding group.

He received a license providing banking activities through order No. 754/MEF/SG/DGTCP/DAMOF of 12/26/2007 from the Ministry of Economy, Finance and Development of Burkina Faso.

In addition, it is registered in the Commercial and Property Credit Register (RCCM) under number BF OUA 2000 B 932 and its head office is located in Ouagadougou, 1242, Avenue Docteur Kwamé N’Krumah, 01 BP 6585 Ouagadougou 01- Burkina Faso.

As of December 31, 2023, its share capital amounts to 32,000 million CFA francs, with a majority (61.03%) owned by CORIS HOLDING.

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