Coris Bank International-Togo starts building a new branch in Kara

Banking

Tuesday, 17 July 2018 15:52

Coris Bank International-Togo starts building a new branch in Kara

(Togo First) - Coris Bank International-Togo is, according to reliable sources, commencing the construction of a new branch in the northern part of the country, in Kara which is situated 400km from Lomé, the capital. Sources claim that dimensioning for the project is already underway. ArchiLUX and CIMEX are in charge of the construction.

Opening a new branch in Kara is part of the bank’s expansion plan across the country where it has been operating for 3½ years. This will be Coris’ fifth branch in Togo.

Indeed, the lender presently covers Lomé with four branches, knowingly the main branch, the Grand Marché branch, the Hedzranawoe branch and the Port branch. However, sources close to the institution indicate that another branch is almost fully built in Agoè. In Cinkassè, works are at the same stage as those for the Kara branch.

Let it be recalled that on April 25, 2017, Coris Bank International raised its social capital from CFA5.5 billion to 12.5 billion. This aligns with regulations in place which requires local banks to raise their social capital to at least 10 billion. Moreover, the lender aims through the move to commit more to the whole Togolese population and particularly to its customers.

Séna Akoda

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