Finance
List of Commercial banks in Mauritania
Mauritania’s banking sector is a vital component of the country’s economic framework, providing essential financial services that support both individuals and businesses. Regulated by the Central Bank of Mauritania (Banque Centrale de Mauritanie, BCM), the sector includes a mix of commercial banks, development banks, and microfinance institutions. Over the years, the banking industry in Mauritania has experienced significant growth and modernization, driven by regulatory reforms, technological advancements, and efforts to enhance financial inclusion. Despite challenges such as economic volatility and infrastructure constraints, the sector continues to evolve, playing a crucial role in the nation’s economic development.
Role of Mauritania’s Banking Sector
The banking sector in Mauritania plays a multifaceted role in the country’s economic development. It facilitates financial transactions, provides credit, and offers a wide range of financial services, including savings, loans, and investment products. By mobilizing savings and directing them into productive investments, the sector helps stimulate economic activity and growth. Commercial banks are instrumental in supporting businesses, particularly small and medium-sized enterprises (SMEs), by offering necessary financial resources and expertise. Additionally, the sector promotes financial inclusion by extending banking services to underserved and rural areas through microfinance institutions and mobile banking solutions. The Central Bank of Mauritania oversees monetary policy and ensures financial stability, thereby maintaining confidence in the financial system and supporting economic stability.
| Bank Name | Headquarters | Bank Sector | Bank Revenue(MUR) | Bank evenue(USD) | Contact Details |
| Banque Centrale de Mauritanie (BCM) | Nouakchott | Public | 56.7 billion | 120.1 billion | Tel: +222 45 25 13 64 |
| Banque pour le Commerce et l’Industrie (BCI) | Nouakchott | Private | 50 million | 105.9 million | Tel: +222 45 29 60 60 |
| Banque Nationale de Mauritanie (BNM) | Nouakchott | Private | 19.389million | 41.09 million | Tel: +222 45 25 12 13 |
| Attijariwafa Bank Mauritanie | Nouakchott | Private | 409.8 million | 868.5 million | Tel: +222 45 29 62 62 |
| Banque Al Wava Mauritanienne Islamique (BAMIS) | Nouakchott | Private | 40.624 billion | 86.09 billion | Tel: +222 45 24 30 12 |
| Mauritania Leasing | Nouakchott | Private | 67.7 million | 143.5 million | Tel: +222 45 25 21 21 |
| Banque de l’Habitat de Mauritanie (BHM) | Nouakchott | Private | 450 million. | 953.8 million | Tel: +222 45 24 14 14 |
| Générale de Banque de Mauritanie (GBM) | Nouakchott | Private | 40 million | 84.78 million | Tel: +222 45 25 25 25 |
Conclusion
Mauritania’s banking sector is a cornerstone of the country’s economic infrastructure, facilitating financial transactions, supporting businesses, and promoting financial inclusion. Regulated by the Central Bank of Mauritania, the sector has shown resilience and adaptability in the face of challenges, continually evolving to meet the needs of the economy. As the sector continues to modernize and expand its reach, it will play an increasingly significant role in driving economic growth and stability, contributing to the overall development and prosperity of Mauritania.
