This is a list of banks in the Comoros, as updated in January 2023 by the Central Bank of the Comoros. [1]
Cooperative banks
The Comoros archipelago consists of four main islands aligned along a northwest–southeast axis at the north end of the Mozambique Channel, between Mozambique and the island of Madagascar. Still widely known by their French names, the islands officially have been called by their Swahili names by the Comorian government. They are Grande Comore (Njazidja), Mohéli (Mwali), Anjouan (Nzwani), and Mayotte (Mahoré). The islands' distance from each other—Grande Comore is some 200 kilometers from Mayotte, forty kilometers from Mohéli, and eighty kilometers from Anjouan—along with a lack of good harbor facilities, make transportation and communication difficult. Comoros are sunny islands.
The economy of the Comoros is based on subsistence agriculture and fishing. Comoros has inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance. The Comoros, with an estimated gross domestic product (GDP) per capita income of about $700, is among the world's poorest and least developed nations. Although the quality of the land differs from island to island, most of the widespread lava-encrusted soil formations are unsuited to agriculture. As a result, most of the inhabitants make their living from subsistence agriculture and fishing. Average wages in 2007 hover around $3–4 per day.
Moroni is the largest city, national capital, and seat of the government of the Union of the Comoros, a sovereign archipelago nation in the Indian Ocean. Moroni means "at the river". Moroni is the capital of the semi-autonomous island of Ngazidja, the largest of the three main islands of the republic. The city's estimated population in 2003 was 41,557 residents. Moroni, which lies along the Route Nationale 1, has a port and several mosques such as the Badjanani Mosque.
The Comoro Islands are a group of volcanic islands in the Mozambique Channel, an arm of the Indian Ocean lying between Madagascar and the African mainland. Three of the islands form the Union of the Comoros, a sovereign nation, while Mayotte belongs to France.
Mohéli, also known as Mwali, is an autonomously-governed island that forms part of the Union of the Comoros. It is the smallest of the three major islands in the country. It is located in the Indian Ocean off the coast of Africa and it is the smallest of the four major Comoro Islands. Its capital and largest city is Fomboni.
The franc is the official currency of Comoros. It is nominally subdivided into 100 centimes, although no centime denominations have ever been issued.
The unicameral Assembly of the Union of the Comoros is the country's legislative body. It was established in 2004.
The Central Bank of Madagascar is the central bank of Madagascar.
The Central Bank of the Comros is the central bank of the Comoros, a group of islands in the Indian Ocean.
The postage stamps and postal history of the Comoro Islands is an overview of the postage stamps and postal history of the Comoro Islands, an Indian Ocean archipelago located on the south-east side of Africa.
The Comoros forests is a terrestrial ecoregion which covers the Comoro Islands, which lie in the Mozambique Channel between Madagascar and East Africa. These include four main islands: Grande Comore, Anjouan and Mohéli, of the Union of the Comoros, and Mayotte, a department and region of France.
Exim Bank (Comoros) (EBC), also Exim Bank Comores SA (French), is a commercial bank in Moroni, the Comoros.
The Banque de Madagascar, from 1946 the Banque de Madagascar et des Comores, was a bank established by the French government in 1925 to issue currency and provide credit in French Madagascar. As such, it fulfilled many of the functions of a central bank for the colony.
The Territory of the Comoros was a French overseas territory consisting of the four main Comoro Islands that existed from 1946 to 1975. It was part of the French Union under the Fourth Republic, then part of the French Community established by the Constitution of the Fifth Republic from 1958.
The Banque Internationale pour le Commerce et l'Industrie (BICI) was a network of banks in sub-Saharan Africa created from 1962 onwards by Paris-based Banque Nationale pour le Commerce et l'Industrie (BNCI). Following successive mergers it was inherited by BNCI's successors the Banque Nationale de Paris then BNP Paribas. BNP Paribas sold most of the BICI network in the early 2020s.
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