Introduction

Exim Bank Comoros (EBC) is a commercial bank based in Moroni, the capital of the Comoros Islands. EBC is licensed and regulated by the Central Bank of the Comoros, which oversees all commercial banks in the country.

EBC is a subsidiary of Exim Bank Tanzania, and part of the larger Exim Bank Group which serves East Africa with subsidiaries in Tanzania, Comoros, Djibouti and Uganda. As of June 2016, the Exim Bank Group had total assets exceeding US$3.3 billion.

Some key facts about Exim Bank Comoros:

  • Founded: 2007
  • Headquarters: Moroni, Grande Comore Island
  • Key People:
    • Guy Rwaburindi, Chief Executive Officer
  • Number of Branches: 5 interconnected branches as of March 2015
  • Services Offered:
    • Loans
    • Savings Accounts
    • Checking Accounts
    • Investments
    • Debit Cards
    • Credit Cards

The bank serves as an important financial services institution in the Comoros Islands economy. With its headquarters in the capital Moroni, and branches on all three main islands of Grande Comore, Anjouan and Moheli, EBC provides banking access to communities across the archipelago nation.

Overview of Exim Bank Comoros

Exim Bank Comoros provides a full range of financial services to individuals and businesses across the Comoros Islands.

Products and Services

Some of the main products and services offered by EBC include:

  • Loans - Business, personal, home, auto and other loan products
  • Savings Accounts - Various savings accounts and term deposits
  • Checking Accounts - Individual and business checking accounts
  • Investments - Wealth management and investment services
  • Debit Cards - Exim Bank debit cards for convenient everyday banking
  • Credit Cards - Visa and MasterCard branded credit cards
Branch Location
Main Branch Moroni, Grande Comore Island
Moheli Branch Fomboni, Moheli Island
Domoni Branch Domoni, Anjouan Island
Mitsamiouli Branch Mitsamiouli Grande Cimore Island

Leadership

The bank is led by Chief Executive Officer Guy Rwaburindi. Under his leadership, the bank has expanded to 5 total branches across 3 islands as of 2015.

Technology

EBC utilizes information technology to provide convenient and secure banking services. This includes online banking, mobile banking, ATMs, debit/credit card services and point-of-sale systems.

With its geographic coverage, service offerings and technology infrastructure, EBC is positioned to be a leader in banking and financial services in the Comoros.

Recent Expansion Efforts

Exim Bank Comoros has been actively expanding its operations to reach more customers across the Comoros Islands. Some recent expansion highlights include:

  • May 2014 - Opened 4th branch in Domoni, Anjouan Island
    • Aimed to bring services closer to customers in the Comoros Islands
    • Attended by Anjouan Island Governor Anissi Chamsidine
    • Governor encouraged residents to open accounts and utilize services
  • Plans for more branches, ATMs, point-of-sale systems
    • Country head Ganesh Kumar announced plans to expand reach
    • Will open more satellite offices, counters, ATMs, POS systems
    • Goal is to increase banking access across the islands
  • Technology improvements
    • Bank will roll out new technology products
    • Aims to bring the best technology to benefit customers

The recent expansions demonstrate Exim Bank's commitment to reaching more of the unbanked population in Comoros. Some key stats about the country:

metric value
Population 850,886 (2017 estimate)
Islands 4 major islands
Capital Moroni
Languages Comorian, Arabic, French

With a small population spread across multiple islands, innovative banking access solutions are needed to serve communities in Comoros. Exim Bank's expansion efforts aim to address this need for broader financial inclusion.

Conclusion

Exim Bank Comoros has grown rapidly since its founding in 2007 to become one of the leading financial institutions in the country. With its headquarters in Moroni and branches across all three main islands, it provides essential banking services to communities across Comoros. Recent expansion efforts and investments in new technology demonstrate Exim Bank's commitment to increasing banking access and improving services for more customers. By continuing to innovate and expand while maintaining strong customer service, Exim Bank can support broader financial inclusion and economic progress across the islands. The bank's growth trajectory positions it well to be a driver of development in the Comoros in the years ahead.

FAQ

Q: When was Exim Bank Comoros founded?

A: Exim Bank Comoros was founded in 2007. Its headquarters are in Moroni.

Q: How many branches does Exim Bank Comoros have?

A: As of 2015, Exim Bank Comoros had 5 interconnected branches across the 3 main islands.

Q: What services does Exim Bank Comoros offer?

A: Services include loans, savings accounts, checking accounts, investments, debit/credit cards, and more.

Q: Does Exim Bank Comoros have a presence on Anjouan Island?

A: Yes, in May 2014 Exim Bank opened a branch in Domoni, Anjouan Island. This was their 4th branch in the country.

Q: What is Exim Bank Comoros' relationship to Exim Bank Tanzania?

A: Exim Bank Comoros is a subsidiary of Exim Bank Tanzania. Both banks are part of the larger Exim Bank Group serving East Africa.

References

0. https://en.wikipedia.org/wiki/Exim_Bank_(Comoros)

1. https://en.wikipedia.org/wiki/Exim_Bank_(Comoros)#Overview

2. https://en.wikipedia.org/wiki/Exim_Bank_(Comoros)#Branches

3. https://www.eximbank.co.tz/About-Us/Awards-and-Achievements/-FOOTPRINTS-IN-COMOROS

4. https://financialservices.gov.in/banking-divisions/Public-Sector-Financial-Institutions-and-others/export-import-bank-of-india

5. https://www.eximbank.co.tz/About-Us/News-and-Insights/Exim-Bank-in-the-Capital-City-of-Tanzania

6. https://en.wikipedia.org/wiki/Central_Bank_of_the_Comoros

7. https://www.eximbankindia.in/get-in-touch

8. https://www.thebanker.com/News/Bank-of-the-Year-Awards-2022-Exim-Bank-Comores-Comoros

9. https://wise.com/gb/swift-codes/countries/comoros/exim-bank-comores-ltd

10. https://wise.com/gb/swift-codes/EXTNKMKMXXX

11. https://km.linkedin.com/company/exim-bank-comores

12. https://km.linkedin.com/in/guy-rwaburindi-43442310

13. https://www.i-exceed.com/case-studies/exim-bank-mobile-banking/

https://www.youtube.com/watch?v=HdzJWTcrb40

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