Exim Bank opens third branch in Comoros - JIACHIE

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Exim Bank opens third branch in Comoros

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The President of Comoros, Dr. Ikililou Dhoinine, cuts a ribbon to inaugurate Exim Bank’s third branch in the Union of Comoros at the weekend. Looking on at the left is the Exim Bank Tanzania Board Chairman Yogesh Manek. 

The President of Comoros, Dr. Ikililou Dhoinine (left) signs a visitors book during a function to inaugurate Exim Bank’s third branch in the in the Union of Comoros at the weekend.Looking on is the Exim Bank Tanzania Managing Director Anthony Grant (second right) and the Exim Bank Tanzania Board Chairman Yogesh Manek (second left). 
  
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Exim Bank opens third branch in Comoros


By Correspondent, Moheli, Comoros
EXIM Bank Comoros, an affiliate of Exim Bank Tanzania has continued to strengthen its position as the fastest growing bank in the Union of Comoros with the opening of the bank’s third branch on the Island of
Moheli in a ceremony presided over by the President of Comoros,  Dr. Ikililou Dhoinine, and by the Chairman of the Exim Bank  Tanzania Board Chairman , Mr. Yogesh Manek.
The new Exim Bank branch apart from offering tailor-made banking services will facilitate remittances and payments through MoneyGram, and will enable acceptance of Visa and MasterCard 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, in line with the bank’s mission of taking affordable banking services closer to the people.


“About five years ago, I officiated at the opening of Exim Bank’s first branch in Comoros [on Moroni Island]. I am happy take part in the inauguration of our third branch in Comoros today [on Moheli Island].” 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 Dr. Ikililou Dhoinine 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. Exim Bank Tanzania Managing Director Anthony Grant said “the bank has a positive outlook on the economic developments in all countries where
the bank operates,”

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