Coris Bank Expands Presence in CEMAC Region With New Chad Subsidiary
TLDR
- Coris Bank International launched its subsidiary in Chad, marking a key milestone in its expansion into the CEMAC region
- The Chad subsidiary is part of Coris Bank’s broader strategy to strengthen local economies and support entrepreneurs
- The launch follows Coris Group’s 2023 agreement with Société Générale to acquire its Chad operations
Coris Bank International launched its subsidiary in Chad Wednesday, marking a key milestone in its expansion into the CEMAC region and reinforcing its role as a driver of financial inclusion and economic growth across Africa.
The inauguration, held in N'Djamena and attended by President Mahamat Idriss Déby Itno and Finance Minister Tahir Hamid Nguilin, signals the bank’s commitment to offering a full range of services—from individual banking to SME and investor solutions. The Chad subsidiary is part of Coris Bank’s broader strategy to strengthen local economies and support entrepreneurs.
Fidèle Toko, Managing Director of Coris Bank Chad, said the bank aims to go beyond financial services to actively contribute to national development. The launch follows Coris Group’s 2023 agreement with Société Générale to acquire its Chad operations, finalized in early 2024.
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Key Takeaways
Coris Bank’s entry into Chad marks its first presence in the CEMAC region, complementing its operations in WAEMU countries. Chad is seen as a strategic market with untapped opportunities in sectors such as energy, agriculture, and infrastructure. Diakarya Ouattara, Chairman of the Board, described Chad as undergoing a “dynamic economic transformation” and highlighted Coris Bank’s goal of becoming a key partner in that process. With regional integration high on the agenda, the move positions Coris as a catalyst for cross-border financial flows and trade between West and Central Africa. The Chad launch reinforces Coris Bank’s ambition to be a pan-African financial powerhouse and aligns with its long-term strategy to support young talent, local businesses, and regional economic integration through inclusive finance and banking innovation.
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