BRVM rises 0.81% as Coris Bank pairs 24% profit growth with 48% risk-cost jump
The BRVM Composite rose 0.81% to 553.02 points, led by utilities up 4.66% to 298.63 points and telecommunications gaining 1.88% to 141.54 points. Industrials fell 1.94% to 235.28 points, while consumer staples dropped 1.85% to 283.64 points and energy lost 1.02% to 174.31 points. In financials, Coris Bank International BF posted first-half profit growth of 24% to CFA42 billion, according to Sika Finance, after Dabafinance had reported a 22% rise in first-quarter earnings. That earnings growth came alongside a 48% increase in risk costs at end-June 2026, the highest level since 2018, according to Agence Ecofin and EcoMatin, while Financial Afrik reported that Coris Bank International is seeking CFA1.11 billion from SAN DISTRIBUTION in Benin.
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