Exim Bank Djibouti

Exim Bank Djibouti, also known as Exim Bank (Djibouti), Exim Bank Djibouti SA, or Exim Bank of Djibouti, is a commercial banking institution based in Djibouti City. It operates under a banking licence issued and supervised by the Central Bank of Djibouti, the country’s central monetary authority and banking regulator. The bank was formed in Djibouti in October 2010 and received its banking licence in March 2011. It was incorporated as a public shareholding company under Djibouti’s banking and commercial-company legislation, including the country’s banking-business licensing framework and Commercial Code. Its principal activity is commercial banking. Exim Bank Djibouti is wholly owned by Exim Bank Tanzania Limited and belongs to the Exim Bank Group, an East African financial-services group with operations in Tanzania, Comoros, Djibouti, and Uganda. Within the group’s regional expansion, the Djibouti operation followed the establishment of Exim Bank Comoros in 2007 and preceded the group’s entry into Uganda in 2016. The group was reported to have total assets exceeding US$3.3 billion as of June 2016; that figure relates to the wider group rather than solely to the Djibouti subsidiary. The bank’s documented branch network included a main branch on Avenue Mohamed Farar Dirir in Djibouti City and a Free Zone branch serving the Djibouti Free Zone. As of December 2016, the subsidiary had 42 employees. Available reference material identifies the institution principally through its local commercial-banking role and its connection to the wider Exim Bank Group, but does not provide a detailed public catalogue of individual banking products, current branch numbers, current management, financial statements, or a current corporate website for the Djibouti entity. Accordingly, the bank’s present scale and product mix should not be inferred beyond the documented information.

Exim Bank Djibouti was established in October 2010 in Djibouti as a commercial banking company. Its incorporation took place within the legal framework governing banking businesses and commercial companies in the country. The bank was created as part of the regional expansion of Exim Bank Tanzania, which had previously established an affiliated operation in Comoros in 2007. The Djibouti entity obtained its banking licence in March 2011. This placed it under the licensing and supervisory authority of the Central Bank of Djibouti. The bank’s principal business was commercial banking, although the available reference material does not enumerate a complete set of products or services. Ownership remained with Exim Bank Tanzania Limited, making the Djibouti institution a wholly owned subsidiary of the Tanzanian bank and a member of the broader Exim Bank Group in East Africa. The group later expanded into Uganda in 2016. Reference material described the group as having subsidiaries in Comoros, Djibouti, Tanzania, and Uganda, with consolidated assets above US$3.3 billion as of June 2016. That historical group-level figure should not be treated as the assets of Exim Bank Djibouti itself. The bank’s registered address was Avenue Mohamed Farar Dirir in Djibouti City. By December 2016, its documented branch network consisted of a main branch at that address and a second branch in the Djibouti Free Zone. The Free Zone location indicated a presence in one of Djibouti’s important commercial and logistics areas, while the main branch served as the institution’s central local address. The bank employed 42 people at the end of 2016. The available sources provide limited information about subsequent developments. They do not establish a current executive roster, later branch openings or closures, current ownership changes, detailed financial performance, product launches, legal controversies, or a standalone corporate website. The bank is therefore best documented as a locally licensed commercial bank operating under the ownership and regional identity of Exim Bank Tanzania and the Exim Bank Group.

1. 2016Regional group expands into Uganda

   Exim Bank Group entered Uganda in 2016, adding another subsidiary to its East African financial-services network.

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2. 2016Documented branch network and staffing

   As of December 2016, the bank had a main branch in Djibouti City and a Free Zone branch, with 42 employees.

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3. 2011Banking licence granted

   Exim Bank Djibouti received its banking licence in March 2011 and became a licensed institution supervised by the Central Bank of Djibouti.

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4. 2010Exim Bank Djibouti is formed

   The Djibouti subsidiary was formed in October 2010 as a commercial banking company.

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5. 2007Exim Bank Group establishes its Comoros operation

   Exim Bank Comoros was established before the group expanded into Djibouti, forming part of the regional platform into which the Djibouti subsidiary was later integrated.

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A Djibouti-based commercial bank positioned within the regional Exim Bank Group and serving the local banking market, including customers connected to Djibouti City and the Djibouti Free Zone.

• Commercial bankingBanking services2011

  Commercial banking is the bank’s documented principal activity. The available source identifies Exim Bank Djibouti as a licensed commercial bank but does not provide sufficient detail to distinguish its full range of deposit, lending, payment, trade-finance, or treasury products.

• Djibouti City branch servicesBranch banking

  The main branch on Avenue Mohamed Farar Dirir represents the bank’s documented principal physical banking presence in Djibouti City. Specific services offered at the branch are not itemized in the available reference material.

• Free Zone branch servicesBranch banking

  The Free Zone branch extended the bank’s physical presence into Djibouti’s commercial Free Zone. The source confirms the branch location as of December 2016 but does not specify its individual product range or later operating status.

1. Exim Bank Djibouti