West Africa: Coris Bank Group secures €70M financing from EBID to support SMEs in Togo and four others

Banking
Friday, 12 January 2024 14:40
West Africa: Coris Bank Group secures €70M financing from EBID to support SMEs in Togo and four others

(Togo First) - The ECOWAS Investment and Development Bank (EBID) approved on January 9 a $70 million financing for the Coris Bank Group. With the package, the lender will support SMEs in Togo, Burkina Faso, Benin, Côte d’Ivoire, and Senegal. 

The facility was approved on the sidelines of the EBID’s 86th board meeting.

The funds will support trade and the private sector, with a focus on agribusinesses. 

Coris Togo was the country’s third-biggest lender in 2022. That year, the bank loaned out CFA143 billion, against CFA100 billion in 2020. 

Ayi Renaud Dossavi

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