FMO backs Coris Holding alongside Mediterrania Capital Partners
Dutch development finance institution FMO has disclosed an approved investment of €10 million in Coris Holding.
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Dutch development finance institution FMO has disclosed an approved investment of €10 million in Coris Holding, a banking group in the West African Economic and Monetary Union (WAEMU) region.
Founded in 2013, the group operates under the Coris Bank International brand and has grown into the second-largest banking institution in the region, with 10 subsidiaries across Burkina Faso, Côte d’Ivoire, Senegal, Togo, Benin, Mali, Guinea, Chad, Niger, and Guinea Bissau.
FMO co-invested €10 million as part of a broader consortium led by Mediterrania Capital Partners (MCP). The consortium – consisting of MCP, FMO, BII, BIO, and IFU – invested a total of €102 million to support Coris’ growth and expansion plans.
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