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BOAD backs Coris Bank with $52.5M for credit push
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BOAD backs Coris Bank with $52.5M for credit push
Idrissa Nassa, the Burkinabe businessman who controls Coris Holding, secured a significant liquidity boost this week after the West African Development Bank approved two refinancing lines totaling CFA30 billion, about $52.5 million, for subsidiaries of Coris Bank International in Burkina Faso and Senegal.The decision came at BOAD's 150th board meeting, chaired by Serge Ekué, the bank's president. Both lines are designed to shore up liquidity at …
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