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Trading

List of Banks in Mali

Published by Gbaf News

Posted on June 14, 2012

1 min read

· Last updated: June 11, 2018

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Banking Central Banks financial services

Central Bank of West African States
 Ecobank Mali
Banque Malienne de Solidarité
Banque du Développement du Mali (BDM) (Mali Development Bank)
Banque Atlantique Mali
Banque Internationale pour le Commerce et l'Industrie au Mali
Banque Commerciale du Sahel
Banque de l'Habitat du Mali
Banque Internationale pour le Mali
Banque Régionale de Solidarité-Mali
Banque Nationale de Développement Agricole (BNDA) (National Agricultural Development Bank)
Bank of Africa – Mali
Banque Sahélo-Saharienne pour l'Investissement et le Commerce (BSSIC)
 

Key Takeaways

  • Mali hosts a mix of regionally integrated and domestically focused banks.
  • The Central Bank of West African States (BCEAO) issues the CFA franc used in Mali.
  • Major commercial banks include BDM, BNDA, Ecobank, BOA‑Mali, Banque Atlantique Mali, BMS, BIM, BCI‑Mali, BCS, BSIC‑Mali, Coris Bank Mali, UBA‑Mali, and Orabank branch.
  • Mali’s banking sector is under regulatory oversight by the WAEMU Banking Commission.

References

Frequently Asked Questions

Who issues currency in Mali?
Currency in Mali is issued by the Central Bank of West African States (BCEAO), serving WAEMU member countries.
How many commercial banks operate in Mali?
As of late 2024, there are 14 licensed commercial banks operating in Mali, including local and pan‑African institutions.
What types of banks are present in Mali?
Mali’s banking sector includes development banks (e.g. BDM, BNDA), commercial banks (e.g. BOA‑Mali, Ecobank), and solidarity or social banks (e.g. BMS).
Which regulatory authority oversees Malian banks?
Mali’s banks are regulated by the Banking Commission of the West African Monetary Union (WAEMU/UMOA).

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