The commercial banks in Seychelles are regulated by the Central Bank of Seychelles (CBS), which oversees banking operations and ensures monetary stability within the country. Seychelles, as a small island economy, hosts a combination of domestic banks and subsidiaries of major African and Asian financial groups.
These commercial banks in Seychelles serve retail clients, corporates, and international clients in sectors like tourism, trade, and offshore banking. Below is a detailed list of all licensed banks operating in the Seychelles.
✅ List of Commercial Banks in Seychelles
1. Absa Bank (Seychelles) Ltd
A subsidiary of the Absa Group, this bank offers retail, business, and investment banking services in Seychelles with modern digital platforms.
2. Mauritius Commercial Bank (Seychelles) Ltd
Part of the MCB Group, it provides comprehensive personal and corporate banking services with strong links to regional trade networks.
3. Bank of Baroda
An international branch of India’s Bank of Baroda Group, this bank focuses on trade finance, remittances, and business banking.
4. Seychelles International Mercantile Banking Corporation (SIMBC)
Trading under the name Nouvobanq, this is one of the country’s leading banks, offering full retail and corporate banking services.
5. Seychelles Commercial Bank
Formerly Seychelles Savings Bank, this locally owned bank focuses on inclusive finance and services for individuals and small enterprises.
6. Al Salam Bank Seychelles Limited
This institution offers Islamic banking products in line with Sharia principles, catering to both local and international clients.
7. Bank of Ceylon
A branch of Sri Lanka’s Bank of Ceylon Group, it serves the needs of expatriates, traders, and investors in Seychelles.
