Bank of Eritrea

1. Bank of Eritrea

The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment.

2. Commercial Bank of Eritrea

The Commercial Bank of Eritrea is the only banking institution in Eritrea with full retail commercial banking services.

3. Eritrea Investment and Development Bank

The Eritrean Investment and Development Bank (EIDB) was established on 28 October 1996. It did not effectively begin operations until 1998 from its single office in Asmara, Eritrea. The Bank was fully financed by the Ministry of Finance, and thus the financial institution is a property of the Eritrean government.

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