Exim Bank (Djibouti) (EBD), also Exim Bank Djibouti SA or Exim Bank of Djibouti, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Djibouti Djibouti, ar, جيبوتي ', french: link=no, Djibouti, so, Jabuuti officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red ...

. The bank is one of the commercial banks licensed by the

Central Bank of Djibouti The Central Bank of Djibouti (french: Banque Centrale de Djibouti) is the monetary authority of Djibouti. It is responsible for managing the country's currency, the Djiboutian franc, as well as the national foreign exchange position and accounting ...

, which is the country's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator.

Overview

EBD is a 100 percent subsidiary of

Exim Bank (Tanzania) Exim Bank (Tanzania) (EBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. The bank is licensed by the Bank of Tanzania, which is the country's central bank and national banking regulator. Overview EB ...

, and is a member of the

Exim Bank Group (East Africa) Exim Bank Group (East Africa) (EBGEA), is a financial services conglomerate based in the African Great Lakes region. EBGEA's headquarters are in Dar es Salaam, Tanzania, with subsidiaries in Uganda, Tanzania, Comoros, Djibouti and Ethiopia. ...

, a financial services conglomerate, with subsidiaries in

Comoros The Comoros,, ' officially the Union of the Comoros,; ar, الاتحاد القمري ' is an independent country made up of three islands in southeastern Africa, located at the northern end of the Mozambique Channel in the Indian Ocean. It ...

, Djibouti,

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

and

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

, whose total assets were in excess of US$3.3 billion, as of June 2016. The Djibouti subsidiary, was the second to be established, following the one in the Comoros, which was set up in 2007. In 2016, the conglomerate set foot in Uganda, by establishing Exim Bank Uganda.

History

Exim Bank (Djibouti) was formed in

in October 2010 and is registered as a public shareholding company in accordance with Licensing and Supervision of Banking Business Proclamation N° Loi 119/AN/11/6ème L. and Company Commercial act of Djibouti in Code de Commerce. The registered address of the bank is Avenue Mohamed Farar Dirir. The Bank’s principal activity is

commercial banking A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

. The Bank’s employees as of December 2016 were 42. The bank received its banking license in March 2011.

Ownership

The stock of Exim Bank (Djibouti) is owned by Exim Bank Tanzania Limited. The current shareholding in the bank is summarized in the table below:

Branch Network

, EBD maintains branches at the following locations: (1) Main Branch, at Avenue Mohamed Farar Dirir,

Djibouti City Djibouti (also called Djibouti City and in many early English texts and on many early maps, Jibuti; so, Magaalada Jabuuti, french: link=no, Ville de Djibouti, ar, مدينة جيبوتي, aa, Gabuutî Magaala) is the eponymous capital of Dji ...

, and (2) Free Zone Branch, at Free Zone,

References

External links