Since December 2, 2019, the Burkinabe bank Coris Bank International (CBI) has launched the activities of its branch in Niger, with a share capital of 32 billion FCFA.

In Niger, it wants to rely on SMEs to carve out a place of choice in an already very competitive banking sector.

It should be noted that the Nigerien market is well known to this bank, which operated there in 2010 before closing its doors.

This return to Niger, according to its officials, is strategic. In fact, Coris bank aims to cover the entire Uemoa zone. And Niger has a strong potential for economic activity within this area. Because,  » most of the customers in the countries where we currently operate have trade with Niger. This is why it was important to complete our system with this link so that the economic operator who is in Niger and is a customer of Coris Bank International can be accompanied in Benin, Burkina Faso, Côte d’Ivoire, Mali , in Togo and Senegal, under the same quality of service conditions. This will further contribute to facilitating intra-UEMOA trade and providing new development opportunities for our clients’ activities. “, he explained in an interview with Eco d’Afrique.

CBI sets up in Niger after obtaining, in October 2018, an authorization issued by the Central Bank to operate as a branch