BRVM Composite rises 1.57% as Coris Bank pairs profit growth with higher risk
The BRVM Composite rose 1.57% to 546.13 on September 3, while the BRVM Composite Total Return added 1.58% to 219.73, led by utilities at +3.55% and financials at +1.93%. Coris Bank dominated banking headlines after first-half profit rose 24% to CFA42 billion, following a 22% increase in the first quarter, according to Sika Finance and Dabafinance. That momentum was tempered by a 48% jump in cost of risk at end-June 2026, the highest level since 2018, according to Agence Ecofin. On credit quality, Bloomfield maintained Coris Bank’s AA and A1 ratings on August 28 despite persistent risks, Agence Ecofin reported, while Sika Finance said on August 27 that the group is challenging Ecobank’s dominance in WAEMU banking. The day’s flow also included 4 capital increase notices for Bank of Africa BF, ML, BN and SN, alongside a dividend payment calendar notice published on September 3.
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