Togo: Coris Bank’s total balance sheet increases by half in 2020

From 205.38 billion FCFA in 2019, the total balance sheet of Coris Bank Togo rose to 309.92 billion in 2020, up 51% over one year.

On the market since 2015, the subsidiary of the eponymous Burkinabé group thus wins the pawn at Banque Atlantique (289.25 billion, + 10% compared to 2019), at the Togolese Bank for Trade and Industry (BTCI, 264, 43 billion, + 22%), and to the Togolese Banking Union (UTB, 284.19 billion, + 22%), becoming the 3rd Togolese bank behind Orabank, solid leader with a total balance sheet of 710.89 billion in progression annual rate of 13%, and Ecobank (462.03 billion, + 3%). Coris Bank Togo was still in 6th place in the ranking in 2019.

The three sector leaders alone represent nearly 50% of the total balance sheet of Togolese banks which stood at 3.226.63 billion in 2020, up 15% year-on-year. An increase to which all the banks have contributed, except for the branch of Societe Generale (-1%) and the Inter-African Banking Company (SIAB, -10%).

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