Coris Bank International posted in the first quarter of 2019 a good performance on its management and financial indicators compared to the same period of 2018, according to the data announced by the leaders of this banking institution based in Ouagadougou in Burkina Faso.
The net banking income (GNP) thus rose sharply by 32.97% during the period under review, rising from 11.768 billion FCFA in the first quarter of 2018 to 15.648 billion FCFA a year later. The managers of the bank explain this improvement by “the good performance of the activity on all the headings”. Thus, the intermediation activity remained strong with an outstanding deposit of customers which is up 14.24% to 670,409 billion FCFA against 586,826 billion FCFA at March 31, 2018. As for the net credits granted to this clientele, they increased by 13.9% to 619.487 billion FCFA against 544.036 billion FCFA a year earlier.
Profit before tax increased by 11.62% to 7,030 billion FCFA at 31 March 2018 to 7,847 billion FCFA a year later.
As for the net result, it posted an increase of 22.12% to 7,524 billion FCFA while it stood at 6,161 billion FCFA in 2018.
At the end of the period under review, the balance sheet total of Coris Bank International amounted to CFAF 1.158,706 billion against CFAF 1,107.006 billion as at March 31, 2018 (plus 4.67%).
In outlook for the next quarters of 2019, the bank officials believe that the favorable trend in the indicators of management and financial should be confirmed.
