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Trading

List of Banks in Djibouti

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: June 11, 2018

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Banking Central Banks Digital banking Islamic finance

Central Bank of Djibouti or (Banque Centrale de Djibouti)
Salam African Bank
Banque de Djibouti et du Moyen Orient SA
Banque Al Baraka Djibouti
Banque pour le Commerce et l'Industrie – Mer Rouge
Caisse de Développement
Banque de dépôt de l'Ethiopie
Banque d'Epargne de la Somalie
Banque Indosuez Mer Rouge
International Commercial Bank
British Bank of Middle-East
 

Central Bank of Djibouti or (Banque Centrale de Djibouti)
Salam African Bank
Banque de Djibouti et du Moyen Orient SA
Banque Al Baraka Djibouti
Banque pour le Commerce et l'Industrie – Mer Rouge
Caisse de Développement
Banque de dépôt de l'Ethiopie
Banque d'Epargne de la Somalie
Banque Indosuez Mer Rouge
International Commercial Bank
British Bank of Middle-East
 

Key Takeaways

  • Djibouti’s banking sector comprises both conventional and Islamic banks licensed by the Central Bank of Djibouti.
  • Major players include BCIMR (Bank for Commerce and Industry – Mer Rouge), Bank of Africa Red Sea, Exim Bank Djibouti, CAC International Bank, and the three Islamic banks Salaam, Saba, and East Africa Bank.
  • The Central Bank of Djibouti, established in 1979, regulates and oversees all financial institutions in the country.
  • The sector is highly concentrated: three major banks control around 70 % of assets, and Islamic banks hold about 23 % of banking assets.
  • Digital banking and mobile-money are emerging trends, with the Central Bank pushing modernization efforts.

References

Frequently Asked Questions

Who regulates banks in Djibouti?
The Central Bank of Djibouti is the monetary authority responsible for licensing, regulation and supervision of all banks.
Which are the major banks operating in Djibouti?
Major banks include Banque pour le Commerce et l’Industrie – Mer Rouge (BCIMR), Bank of Africa Red Sea, Exim Bank Djibouti, CAC International Bank, as well as the Islamic banks Salaam African Bank, Saba African Bank, and East Africa Bank.
What share of banking assets do the largest banks hold?
About three main banks concentrate around 70 % of banking assets in Djibouti.
How prevalent is Islamic banking in Djibouti?
There are three Islamic banks which account for roughly 20–23 % of total banking assets and serve tens of thousands of customers.

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