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Trading

List of Banks in Comoros

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: June 11, 2018

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Banking Central Banks fintech financial inclusion

Mutuelles d'épargne et crédit des Comores
Banque de Développement des Comores
Banque pour l'Industrie et le Commerce des Comores
Exim Bank (Comores)
Central Bank of the Comoros (Banque Centrale des Comores)
Société Nationale des Postes et des Services Financiers
Federal Bank of Commerce
Sanduk
 

Mutuelles d'épargne et crédit des Comores
Banque de Développement des Comores
Banque pour l'Industrie et le Commerce des Comores
Exim Bank (Comores)
Central Bank of the Comoros (Banque Centrale des Comores)
Société Nationale des Postes et des Services Financiers
Federal Bank of Commerce
Sanduk
 

Key Takeaways

  • Comoros’ banking sector comprises six main banks including both commercial and postal institutions.
  • Institutional approval for banks is overseen by the Central Bank of the Comoros, headquartered in Moroni.
  • Traditional banks are complemented by cooperative savings institutions like MECK and Sanduk serving rural populations.
  • Fintech developments are emerging, with digital financial licensing boosting mobile-based services.
  • Financial inclusion remains limited but is improving, with mobile and fintech channels expanding access.

References

Frequently Asked Questions

How many main banks operate in Comoros?
There are six principal banks operating in Comoros, including commercial, postal, and development institutions.
Who regulates banking institutions in Comoros?
The Central Bank of the Comoros (Banque Centrale des Comores) approves and supervises banks across the islands.
What role do MECK and Sanduk play?
MECK and Sanduk are cooperative savings and credit networks providing local financial services, especially in rural areas.
Is digital banking growing in Comoros?
Yes—recently, a digital financial institution license was granted to expand mobile-based banking and fintech services.
Where is the Central Bank located?
The Central Bank of the Comoros is headquartered in Moroni, the capital city.

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