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 that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Djibouti Djibouti, 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 Sea and the Gulf of Aden to the east. The country has an area ...

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

Central Bank of Djibouti The Central Bank of 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. Duties Objectives of the Centr ...

, which is the country's

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

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), a financial services conglomerate, with subsidiaries in

Comoros The Comoros, officially the Union of the Comoros, is an archipelagic country made up of three islands in Southeastern Africa, located at the northern end of the Mozambique Channel in the Indian Ocean. Its capital and largest city is Moroni, ...

, Djibouti,

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

and

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

, 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 that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

. 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 Jibuti in early Western texts) is the capital city of the Djibouti, Republic of Djibouti. It is located in the coastal Djibouti Region on the Gulf of Tadjoura. Djibouti has a population of around 780,000 ...

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

References

External links