Exim Bank (Djibouti)

Exim Bank (Djibouti) (EBD), also Exim Bank Djibouti SA or Exim Bank of Djibouti, is a commercial bank in Djibouti. The bank is one of the commercial banks licensed by the Central Bank of Djibouti, which is the country's central bank and national banking regulator.[2]

Exim Bank (Djibouti) S. A
TypePrivate
IndustryFinancial Services
FoundedMarch 1, 2011 (2011-03-01)[1]
HeadquartersDjibouti City, Djibouti
Key people
Jacky Kayiteshonga
Chief Executive Officer[1]
ProductsLoans, Savings, Checking, Investments, Debit Cards, Credit Cards
Revenue Aftertax:US$2 million DJF:368,769,313 (2016)
Total assetsUS$102 million (DJF:18.2 billion) (2016)
Number of employees
43+ (2017)
WebsiteHomepage

Overview

EBD is a 100 percent subsidiary of Exim Bank (Tanzania),[1] and is a member of the Exim Bank Group (East Africa), a financial services conglomerate, with subsidiaries in Comoros, Djibouti, Tanzania and Uganda, whose total assets were in excess of US$3.3 billion, as of June 2016.[3] 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.[4][5]

History

Exim Bank (Djibouti) was formed in Djibouti 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. The Bank’s employees as of December 2016 were 42. The bank received its banking license in March 2011.[1]

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:[1]

Exim Bank Djibouti Stock Ownership
RankName of OwnerPercentage Ownership
1Exim Bank (Tanzania)100.0
TOTAL100.0

Branch Network

As of December 2016, EBD maintains branches at the following locations: (1) Main Branch, at Avenue Mohamed Farar Dirir, Djibouti City, and (2) Free Zone Branch, at Free Zone, Djibouti City[6][7]

See also

References
  1. CBDJ (17 October 2017). "Central Bank of Djibouti: Exim Bank of Djibouti (EBD)". Djibouti City: Central Bank of Djibouti (CBDJ). Retrieved 17 October 2017.
  2. CBDJ. "Central Bank of Djibouti: List of Retail Banks" (Translated from the original French). Djibouti City: Central Bank of Djibouti (CBDJ). Retrieved 17 October 2017.
  3. Kitundu, Timothy (28 August 2016). "East Africa: Exim Bank Tanzania Assets Top U.S.$3 Billion". East African Business Week via AllAfrica.com. Kampala. Retrieved 17 October 2017.
  4. EBTANZ (17 October 2017). "Exim Bank Tanzania: About Us". Dar es Salaam: Exim Bank (Tanzania) (EBTANZ). Retrieved 17 October 2017.
  5. Big Eye (18 May 2016). "Exim Bank Celebrates Another Milestone In East Africa's Financial Sector". Bigeye.ug (Big Eye). Retrieved 17 October 2017.
  6. Daily News Reporter (25 March 2015). "Tanzania: Exim Bank Launches Second Branch in Djibouti". Tanzania Daily News. Dar es Salaam. Retrieved 17 October 2017.
  7. Kadassiya, N. (9 January 2015). "Free Zone of Djibouti: Exim Bank Inaugurates A New Agency" (Translated from the original French). La Nation de Djibouti (The Nation of Djibouti). Djibouti City. Retrieved 17 October 2017.
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