The commercial banks in Senegal operate under the authority of the Banking Commission of the West African Monetary Union (WAMU), which oversees financial institutions in UEMOA member states. These banks offer a wide range of services including retail, Islamic, corporate, investment, and agricultural banking to both individuals and businesses.
With a mix of local and international institutions, the commercial banks in Senegal play a pivotal role in driving financial inclusion, regional trade, and economic development. Below is a comprehensive list of licensed banks currently operating in Senegal.
✅ List of Commercial Banks in Senegal
1. Algerian Bank of Senegal (ABS)
An Algeria-based bank with operations in Dakar, focusing on trade and cross-border finance.
2. Bank of Africa – Senegal (BOA-Senegal)
A member of the Bank of Africa Group, providing universal banking services throughout the country.
3. Banque Atlantique Senegal
Part of Morocco’s BCP Group, this bank offers commercial and corporate banking services in West Africa.
4. Banque de Dakar (BDK)
A growing local bank providing modern digital and corporate banking solutions.
5. Banque de l’Habitat du Sénégal (BHS)
Specializes in housing finance and real estate development loans in Senegal.
6. Banque des Institutions Mutualistes d’Afrique de l’Ouest (BIMAO)
Supports cooperative and mutualist financial institutions across the West African region.
7. Banque Islamique du Sénégal (BIS)
Provides Sharia-compliant banking solutions tailored to individuals and businesses seeking Islamic financial services.
8. Banque Nationale pour le Développement Économique (BNDE)
Focused on SME financing and national economic development initiatives.
9. Banque Régionale de Marchés (BRM)
Specializes in capital markets, investment banking, and public sector finance.
10. Banque Sahélo-Saharienne pour l’Investissement et le Commerce (BSIC)
Part of the BSIC Group, focused on regional investment and trade financing.
11. BGFIBank Senegal
A subsidiary of the BGFIBank Group, offering universal banking services and corporate banking solutions.
12. CBAO Groupe Attijariwafa Bank
One of Senegal’s leading retail banks, part of Morocco’s Attijariwafa Bank Group.
13. Citibank Senegal
A subsidiary of Citigroup, serving corporate, institutional, and government clients.
14. Coris Bank International – Senegal (CBI-Senegal)
Part of the Coris Bank Group, with a strong focus on SMEs and micro-entrepreneurship.
15. Crédit du Sénégal (CDS)
Another Attijariwafa Bank subsidiary providing a full suite of retail and corporate banking services.
16. Credit International (CI)
Offers both retail and SME banking, with a growing presence in the Senegalese market.
17. Ecobank Senegal
A pan-African bank offering cross-border and digital banking services.
18. FBNBank Senegal
A subsidiary of Nigeria’s First Bank of Nigeria Group, serving both corporate and personal banking clients.
19. La Banque Agricole (LBA)
Specializes in agricultural finance, promoting rural development and food security.
20. La Banque Outarde (LBO)
Provides inclusive banking products and support for women-led enterprises.
21. Société Générale de Banques au Sénégal (SGBS)
Part of the Société Générale Group, offering a broad array of retail, corporate, and investment services.
22. SUNU Bank Senegal
Formerly BICIS, now part of SUNU Group, with a focus on personal banking and insurance integration.
23. United Bank for Africa Senegal (UBA-Senegal)
A regional branch of UBA Group, offering pan-African financial services and digital banking.
✅ Foreign Bank Branches in Senegal
- Banque de Développement du Mali – Focused on development financing.
- BCI-Mali (Branch of BCI Group) – Supports regional financial integration.
- Bridge Bank Group Côte d’Ivoire (BBG-CI) – Corporate banking and trade finance.
- NSIA Banque Benin (Branch) – Retail and SME banking, part of NSIA Group.
- Orabank Côte d’Ivoire (Branch) – Part of Orabank Group, offering inclusive banking.
- Orange Bank Africa (Branch) – A digital-first bank affiliated with Orange Group, focused on mobile financial services.
