Exim Bank opens third branch in Comoros

Exim Bank Comoros, an affiliate of Exim Bank Tanzania has opened its third branch in the Island of Moheli, Comoro

The ceremony was presided over by the President of Comoros, Dr Ikililou Dhoinine, and by the Chairman of the Exim Bank Tanzania Board of Directors Chairman, Mr Yogesh Manek.

The new Exim Bank branch apart from offering tailor-made banking services will facilitate remittances and payments through Money Gram, and will enable acceptance of Visa and Master- Card on the island through the Exim Bank ATM services.

Speaking during the inauguration of the new branch at the weekend, Chairman Manek said the branch will contribute to the development of an effective, efficient and sustainable financial sector in the Union of Comoros.

“About five years ago, I officiated at the opening of Exim Bank’s first branch in Comoros (on Moroni Island). I am happy to take part in the inauguration of our third branch in Comoros today,” Mr Manek.

Chairman Manek said that Exim Bank had become Tanzania’s fifth largest bank with a branch network stretching across Tanzania. 

In Comoros and in Tanzania, Mr Manek noted, “Exim Bank will always work towards striking a balance between bank profitability and the provision of unmatched banking service to all sectors of the community.”

In Comoros, the bank had already acquired over 25,000 customers and operated Exim Bank on Wheels allowing those living in remote areas to have access to real time banking operations.

During the occasion, the President of Comoros thanked the bank, and expressed his determination to support the country’s continuous development process.

“I believe Exim Bank will be one of the players in supporting this development process. East Africa has a lot of unexploited investment potentials. That is why all eyes of the world are turning to eastern Africa,” he added. 

For his part, the Governor, Central Bank of Comoros, Mohamed Ali, said the opening of Exim Bank’s new branch is a major boost to the Country’s banking system.
Source: The Daily News, www.dailynews.co.tz, reported from Moheli, Comoros
Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.