Central Bank of the Republic of Guinea (Banque Centrale de la Republique du Guinea)
Banque Internationale pour l'Afrique en Guinee
Skye Bank Guinee (SBG)
Banque Islamique de Guinée (BIG)
Banque Internationale pour le Commerce et l'Industrie de Guinée (BICIGUI)
Banque Populaire Maroco-Guinéenne (BPMG)
L’Union Internationale de Banque en Guinée (UIBG)
International Commercial Bank (ICB)
Ecobank Guinee (EBG)
Société Générale de Banque en Guinée (SGBG)
Trading
List of Banks in Guinea
Published by Gbaf News
Posted on June 14, 2012
1 min read· Last updated: June 11, 2018
Key Takeaways
- Guinea’s central bank—the Banque Centrale de la République de Guinée—serves as the sole monetary authority in the country.
- The commercial banking sector in Guinea comprises both domestic and international institutions, including Islamic, regional, and universal banks.
- Recent data indicates approximately 20 active banks dominate the commercial landscape, with a heavier concentration in Conakry.
- The sector is highly concentrated: the three largest banks hold over half of total banking assets, deposits, and loans.
- Foreign banking groups, like Ecobank, Access Bank, Afriland, and Vista Bank, have a significant presence in Guinea’s market.
References
Frequently Asked Questions
What is the central bank of Guinea called?
The central bank is the Banque Centrale de la République de Guinée (BCRG), established in 1960 and based in Conakry.
How many commercial banks are active in Guinea?
Recent estimates suggest around 20 active commercial banks operating in Guinea, though up to 16 are formally recognized by regulators.
Which banks dominate Guinea’s banking assets?
The three largest banks account for over 57 percent of assets, deposits, and loans in the sector.
Are international banking groups present in Guinea?
Yes. Major international and regional banking groups—including Ecobank, Access Bank, Afriland First Bank, Vista Bank, and others—play significant roles.
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