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Coris Bank Burkina Faso: a solid financial performance in the first half of 2021

Coris Bank Burkina Faso, the leader in the Burkinabe banking market, has ended the first half of 2021 with a solid financial performance, in the wake of the prowess observed at the end of the 2020 financial year and that of the first quarter of 2021, despite the context of the Covid-19 pandemic.

For the first six months of 2021, all of the bank’s financial indicators are in the green. Net banking income (NBI) jumped by 30.7% to CFAF 42.6 billion on an annual basis, driven by the increase in the customer interest margin, which was itself supported by outstanding deposits (+37.3%) and loans (+21.3%) as well as by outstanding securities (+31.6%).

The gross operating income has improved by 33.2% to FCFA 28.3 billion, despite the general operating expenses which have increased by nearly 26% to FCFA 11.4 billion in the first half of 2021.

Buoyed by these good progressions, the net result increased by 41.5% to 22.7 billion FCFA in spite of a 24% increase in the cost of risk.

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