About East Africa Bank
East Africa Bank is a company based in Djibouti (Djibouti) founded in 2010. It operates as a B2B, and B2C. East Africa Bank offers products and services including EAB Current Account, Business Loans, and Online Banking. East Africa Bank operates in a competitive market with competitors including Scotiabank, CAC International Bank and Kreissparkasse Biberach, among others.
- Headquarter Djibouti, Djibouti
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Financial Services
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Products & Services of East Africa Bank
East Africa Bank offers a comprehensive portfolio of products and services, including EAB Current Account, Business Loans, and Online Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sharia-compliant account for daily transactions and checking options.
Loans to support business growth and financial needs.
Platform for secure electronic banking and account management.
Funding Insights of East Africa Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by East Africa Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - East Africa Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
East Africa Bank Comparisons
Competitors of East Africa Bank
East Africa Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, CAC International Bank and Kreissparkasse Biberach, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Provides corporate and personal banking, loans, cards, and digital apps in Djibouti.
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| domain | founded_year | HQ Location |
Provides retail and business banking services with online platforms and financial products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about East Africa Bank
When was East Africa Bank founded?
East Africa Bank was founded in 2010.
Where is East Africa Bank located?
East Africa Bank is headquartered in Djibouti, Djibouti.
What does East Africa Bank do?
East Africa Bank, based in Djibouti, delivers Sharia-compliant financial services including personal banking, business loans, and corporate solutions. It operates through multiple branches and an office in Addis Ababa, focusing on ethical banking principles. The bank serves individuals, small businesses, and large corporations with accounts, online platforms, and trade finance, adhering to Islamic standards for financial transactions.
Who are the top competitors of East Africa Bank?
East Africa Bank's top competitors include Scotiabank, CAC International Bank and Kreissparkasse Biberach.
What products or services does East Africa Bank offer?
East Africa Bank offers EAB Current Account, Business Loans, and Online Banking.