Finance
List of Commercial banks in Niger
Niger’s banking sector is crucial to the country’s economic development, despite challenges like limited infrastructure and restricted financial inclusion. Regulated by the Central Bank of West African States (BCEAO), which oversees monetary policy for several West African nations, the sector comprises both local and regional banks. These institutions offer a range of services, from basic banking to corporate finance. However, access to financial services remains limited, particularly in rural areas, highlighting the need for greater expansion and inclusivity.
Role of Niger’s Banking Sector
The banking sector in Niger serves as a key driver for economic activities, particularly in facilitating trade, supporting small and medium-sized enterprises (SMEs), and providing financial services to various sectors such as agriculture and mining. It also plays a significant role in managing international aid and supporting government projects aimed at economic growth. Despite efforts to expand financial inclusion, a large portion of Niger’s population remains unbanked, particularly in remote regions.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (XOF) | Bank Revenue (USD) | Contact Details |
| Banque Commerciale du Niger (BCN) | Niamey | Private | 25 million | 0.041 million | Tel: +227 20 72 31 31 |
| Orabank Niger | Niamey | Private | 9.51 trillion | 0.016 trillion | Tel: +227 20 73 33 00 |
| Banque Atlantique Niger | Niamey | Private | 65 million | 0.108 million | Tel: +227 20 75 34 34 |
| Ecobank Niger | Niamey | Private | 2.1 billion | 0.003billion | Tel: +227 20 73 24 00 |
| Banque Internationale pour l’Afrique au Niger (BIA-Niger) | Niamey | Private | 21.7 billion | 0.036 billion | Tel: +227 20 72 22 00 |
| Société Nigérienne de Banque (Sonibank) | Niamey | Public | 13-million | 0.021million | Tel: +227 20 73 57 00 |
| Bank of Africa Niger (BOA Niger) | Niamey | Private | 24.6 billion | 0.041billion | Tel: +227 20 73 58 20 |
| United Bank for Africa (UBA Niger) | Niamey | Private | 7 billion | 0.011billion | Tel: +227 20 72 29 00 |
Conclusion
Although Niger’s banking sector is vital to its economic development, it faces obstacles such as limited financial access, technological advancements, and infrastructure development. Overcoming these challenges is essential for maximizing the sector’s contribution to the country’s overall economic growth.
