Commercial Bank of Eritrea

The Commercial Bank of Eritrea is the only banking institution in Eritrea with full retail commercial banking services. It is a government-owned bank with 17 branches throughout the country.[1] The Bank has arrangements with Citibank for international money transfer as well as Deutsche Bank.

History

When Eritrea achieved its independence in 1991, it took over the Eritrean branches of the Commercial Bank of Ethiopia. It formally chartered the Commercial Bank of Eritrea in 1994.

References

  1. ^ Rena, Ravinder (2006). Financial Institutions in Eritrea. New Africa Press. ISBN 0-9802534-8-9. 

See also


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