Exim Bank (Djibouti) Explained

Exim Bank (Djibouti) S. A
Type:	Private
Location:	Djibouti City, Djibouti
Key People:	Jacky Kayiteshonga Chief Executive Officer^[1]
Num Employees:	70+ (2020)
Assets:	US$102 million (DJF:18.2 billion) (2016)
Revenue:	Aftertax:US$2 million DJF:368,769,313 (2016)
Industry:	Financial services
Products:	Loans, Savings, Checking, Investments, Debit Cards, Credit Cards
Homepage:	Homepage

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]

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]

Rank !!Name of Owner!!Percentage Ownership

1	Exim Bank (Tanzania)	100.0
	TOTAL	100.0

Branch Network

, 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

• Exim Bank (Comoros)
• Exim Bank (Uganda)

External links

• Website of Exim Bank Tanzania

Notes and References

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