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Coris Bank International's net income: an increase of 22.4% recorded in the first half of 2023

04/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The half-year activity report prepared by the management of this banking institution indicated that the net income of Coris Bank International (CBI) S.A, established in Ouagadougou, Burkina Faso, increased by 22.4% in the first half of 2023 compared to the first half of 2023 compared to the first half of 2023. semester 2022.

Coris Bank International's net income was 33.179 billion FCFA compared to 27.109 billion FCFA as of 30 June 2022, an increase of 6.070 billion. For its part, net banking income (GNP) increased by 10.2% with a turnover of 58 billion FCFA compared to 52.324 billion FCFA at 30 June 2022. This performance was driven by customer activity, which grew by 34.4% annually (+6.2 billion FCFA), in line with the evolution of deposit collection (+3.3%) and especially customer financing (+15.1%), as well as the increase in net commissions (20.3%), according to CBI management

.

The management of CBI notes that this banking institution will continue “its commercial momentum through the strengthening of the activity of raising resources, financing the economy and developing services with high added value, the security and profitability of jobs, the promotion of digital products, the development of sustainable finance, the risk management, etc.” during the second half of 2023

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