Finance
List of Commercial banks in Senegal
Senegal’s banking sector is a dynamic and growing component of the country’s economy, supported by a mix of state-owned, private, and foreign banks. As a key financial hub in West Africa, Senegal’s banking system plays a crucial role in promoting economic development, facilitating trade, and supporting both public and private sector initiatives. The sector is regulated by the Central Bank of West African States (BCEAO), which ensures financial stability and compliance with regional monetary policies.
Role of Senegal’s Banking Sector
The banking sector in Senegal is integral to the country’s economic growth, providing essential financial services such as loans, savings accounts, and payment processing to individuals, businesses, and government entities. Banks in Senegal also play a vital role in financing infrastructure projects, supporting small and medium-sized enterprises (SMEs), and encouraging foreign investment. With the expansion of digital banking services, the sector is increasingly accessible to a broader population, contributing to financial inclusion and economic empowerment.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (XOF) | Bank Revenue (USD) | Contact Details | |
| Banque Internationale pour le Commerce et l’Industrie du Sénégal (BICIS) | Dakar | Private | 10.8billion | 0.0185 billion | Tel: +221 33 839 99 99 | |
| Société Générale de Banques au Sénégal (SGBS) | Dakar | Private | 133.3 million | 0.223 million | Tel: +221 33 839 30 30 | |
| Ecobank Sénégal | Dakar | Private | 2.0 billion | 0.223 billion | Tel: +221 33 889 59 59 | |
| CBAO Groupe Attijariwafa Bank | Dakar | Private | 5 million | 0.0084million | Tel: +221 33 849 25 25 | |
| Banque Atlantique Sénégal | Dakar | Private | 18.4 million | 0.03 million | Tel: +221 33 859 05 00 | |
| Bank of Africa Sénégal (BOA) | Dakar | Private | 5.6 billion | 0.01billion | Tel: +221 33 849 96 96 | |
| La Banque Agricole (LBA) | Dakar | Public | 6.3 billion | 0.01 billion | Tel: +221 33 839 72 72 | |
| Banque de l’Habitat du Sénégal (BHS) | Dakar | Public | 38.5 billion | 0.0656 billion | Tel: +221 33 849 71 00 | |
| United Bank for Africa (UBA) Sénégal | Dakar | Private | 829.7 million | 1.397 million | Tel: +221 33 829 07 07 | |
| Orabank Sénégal | Dakar | Private | 44 billion | 0.074 billion | Tel: +221 33 869 80 80 |
Conclusion
Senegal’s banking sector is a powerful catalyst for economic progress, driving growth and financial inclusion. While significant strides have been made, sustained modernization and expanded access to banking services are essential to secure long-term economic prosperity and stability.
