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Trading

List of Banks in Eritrea

Published by Gbaf News

Posted on June 13, 2012

2 min read

· Last updated: June 11, 2018

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Banking Central Banks development finance financial inclusion

Housing and Commercial Bank of Eritrea
Commercial Bank of Eritrea
Bank of Eritrea
Eritrean Investment and Development Bank

List of Banks in Ethiopia
National Bank of Ethiopia
Buusa Gonofa Microfinance
Bank of Abyssinia
Zemen Bank
Buna International Bank
Dynamic Microfinance
Construction and Business Bank
Addis Microfinance
Dashen Bank
Wassasa Microfinance
Lion International Bank
Nib International Bank
Oromia International Bank
United Bank (Ethiopia)
Wegagen Bank
Development Bank of Ethiopia
Amhara Microfinance
Tesfa Microfinance
Oromia Microfinance
Harar Microfinance
Specialized Financial Promotional Microfinance
Gasha Microfinance
Wisdom Microfinance
Dire Microfinance
AVFS Microfinance
Commercial Bank of Ethiopia
PECE Microfinance
Meket Microfinance
Awash International Bank
Mekit Microfinance
Eshet Microfinance
Sidama Microfinance
Benishangul-Gumuz Microfinance
Harbu Microfinance
Metemamen Microfinance
Mekdela Microfinance
Shashemene Microfinance
Aggar Microfinance
Letta Microfinance
Dedebit Microfinance
Ghion Microfinance
Degaf Microfinance
Cooperative Bank of Oromia
Lefayeda Microfinance
Omo Microfinance
Gambella Microfinance
Berhan International Bank

Housing and Commercial Bank of Eritrea
Commercial Bank of Eritrea
Bank of Eritrea
Eritrean Investment and Development Bank

Key Takeaways

Eritrea’s banking sector comprises only three main commercial banks—all state-owned or party-affiliated.
The three are Commercial Bank of Eritrea, Housing and Commercial Bank of Eritrea, and Eritrean Investment and Development Bank.
The Bank of Eritrea serves as the central bank, headquartered in Asmara, overseeing monetary policy.
Commercial Bank of Eritrea controls roughly 80% of banking assets and offers full retail services.
Private banking is not permitted, and financial services remain limited with low inclusion.

References

Frequently Asked Questions

How many commercial banks operate in Eritrea?

There are three main commercial banks in Eritrea: the Commercial Bank of Eritrea, Housing and Commercial Bank of Eritrea, and Eritrean Investment and Development Bank.

Which bank serves as the central bank of Eritrea?

The Bank of Eritrea acts as the central bank, headquartered in Asmara.

Is private banking allowed in Eritrea?

No, private banking is not permitted; all banks are state-owned or affiliated with the ruling party.

Which bank holds the largest share of assets in Eritrea’s banking sector?

The Commercial Bank of Eritrea controls nearly 80% of the banking sector’s assets.

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List of Banks in Eritrea

Key Takeaways

References

Frequently Asked Questions

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