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Togolese banks: Orabank solid leader, Coris makes a splash

02/08/2021
Categories: Sectors

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The total balance sheet of credit institutions operating in Togo stood at 3.457 billion FCFA in 2020, according to data from the UEMOA Banking Commission. That is an increase of 13.7% over one year, which represents about 415 billion FCFA

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This figure concerns all 13 banks and 3 financial institutions. In the ranking, Orabank remains a solid leader in the banking sector ahead of Ecobank, while Coris Bank is in the Top 5 and is even ranked 3rd. The bank, which has been operating on the market since 2015, is doubling its balance sheet total over one year, thus ahead of Banque Atlantique and the two national banks, which are the Togolese Bank for Commerce and Industry (BTCI) and the Union Togolaise de Banques (UTB). As far as they are concerned, financial institutions are ending 2020 with a drop in their overall balance sheet total

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