Commercial Bank of Eritrea

From Wikipedia, the free encyclopedia

The Commercial Bank of Eritrea is the only banking institution in Eritrea with full retail commercial banking services.[1] The Bank was renamed the Commercial Bank of Eritrea from the Commercial Bank of Ethiopia when Eritrea achieved its independence in 1991

The Commercial Bank of Eritrea is a Government owned bank and its Board of Directors is appointed by the Government. Typically the Board of Directors are members of various interested Ministries.

The Bank has 17 branches, each of which is responsible for its own auditing. Furthermore, the Bank has arrangements with Citibank for international money transfer as well as Deutsche Bank.

[edit] References

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

[edit] See also

 This Eritrea-related article is a stub. You can help Wikipedia by expanding it.
This African bank or banking-related article is a stub. You can help Wikipedia by expanding it.