Banque Centrale des Comores

What Banque Centrale des Comores does

The Banque Centrale des Comores (BCC) is the central bank and sole monetary authority of the Union of Comoros, established under the monetary cooperation agreement signed with France on November 23, 1979 and governed by statutes adopted in December 2010. It defines and implements monetary policy, issues the Comorian franc (KMF) under an unlimited convertibility guarantee from the French Treasury, supervises licensed credit institutions and financial intermediaries, and oversees national payment systems and anti-money-laundering frameworks. France participates in its governance through the Board of Directors, anchoring the institution in the Franc Zone institutional architecture.

The BCC's core product and technology footprint comprises four recently launched payment and market-infrastructure platforms: KomorPay (ATS/ATS+) for automated interbank transfers and sub-24-hour cheque clearing; Komor Switch for cross-bank ATM access and planned mobile-money interoperability; Mali Ya Wakazi (MYW), a proximity-agent network (grocers, pharmacies) extending banking services to rural areas; and the Marché des Titres Publics, a sovereign securities market for Treasury bill auctions. Supporting capabilities include refinancing operations, required reserves, monetary and balance-of-payments statistics, banking supervision, and an educational currency museum. The institution is governed by Governor Dr Younoussa IMANI and Vice-Governor Faouzia RADJABOU, with operations in Moroni (HQ), Anjouan, and Mohéli, and a workforce of 51-100.

BCC does not operate on a commercial revenue model. Its primary institutional counterparts are four licensed commercial banks and financial institutions under its supervision, and the Union des Comores government via the Ministry of Finance for treasury operations and securities issuance; the wider Comorian public is reached indirectly through the licensed banking network and the Mali Ya Wakazi agent network. Distribution channels therefore combine interbank market operations, treasury functions, and a growing agent-based financial inclusion channel, with no direct consumer pricing.

Name

Banque Centrale des Comores

Legal name

Banque Centrale des Comores

Website

https://banque-comores.km

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Banque Centrale des Comores is the central bank of the Union of Comoros, serving as sole issuer of the Comorian franc, monetary policy authority, banking supervisor, and operator of national payment infrastructure including KomorPay, Komor Switch, and Mali Ya Wakazi, with licensed banks and the national Treasury as its principal institutional counterparts.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (521), Executive, Legislative, and Other General Government Support (921)

SIC

Finance Services (6199)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

Central Bank Reserve Management (FSAAAGAF), Securities Settlement Systems (SSSs) for Government & Central Bank Securities (FSAFAGAC), Central Counterparty (CCP) Clearing Services (FSABAJAE)

Keywords

• Central banking
• Monetary policy
• Banking supervision
• National payment systems
• Financial inclusion

Headquarters

HQ city

Moroni

HQ country

Comoros

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Distribution channels3 records

Marketing channels5 records

Core offering

The Banque Centrale des Comores is the central bank of the Union of Comores, exercising the exclusive privilege of issuing the Comorian franc (KMF) and implementing national monetary policy. It supervises licensed banks and financial institutions, operates national payment systems (KomorPay/ATS, Komor Switch, Mali Ya Wakazi agent network), manages the public securities market for government financing, and serves as the central monetary authority within the Franc Zone framework under a cooperation agreement with France.

Product overview

Banque Centrale des Comores operates as a central bank providing monetary policy, banking supervision, and payment systems. The institution offers four main digital payment products: KomorPay (ATS) for automated interbank transfers, Komor Switch for multi-channel transactions, Mali Ya Wakazi for proximity financial services, and Marché des Titres Publics for government securities trading. Supporting services include interest rate management, required reserves, banking supervision, and monetary statistics. The bank also operates a currency museum.

Differentiator

Problem solved

Functional benefit

Brands

• KomorPay (ATS): A system to accelerate transactions between banks, enabling automated processing in less than 24 hours
• Komor Switch
• Mali Ya Wakazi (MYW)
• Marché des Titres Publics

Products and services

• KomorPay (ATS) — Automated Transfer System Automated Transfer System (ATS) operated by the BCC that accelerates interbank transactions, enabling automated processing of bank transfers in less than 24 hours instead of multi-day waits. Available to licensed commercial banks operating in the Union of Comores.
• Komor Switch National switch platform enabling simplified, accessible transactions for citizens and businesses with a three-phase deployment: card withdrawals at any ATM across the country, instant transfers between bank accounts and Mobile Money, and card/phone-based payments at merchants.
• Mali Ya Wakazi (MYW) Proximity agent network bringing financial services to populations — especially in rural areas — allowing deposits, withdrawals, and bank account creation through local licensed agents such as epiceries and pharmacies.
• Marché des Titres Publics Public securities market enabling government financing with transparency and investor confidence, including Treasury bill auctions and other securities operations. Operated in collaboration with the Ministry of Finance.
• Banking Supervision Services Regulatory supervision of credit institutions, financial intermediaries, and compliance with banking and financial regulations including anti-money laundering and counter-terrorism financing measures. Provided to licensed banks operating in the Union of Comores.
• National Payment System (Système de Paiement) National payment system comprising the institutional framework and clearing house for interbank exchange of payment orders. Provides the backbone infrastructure for interbank settlement in the Union of Comores.
• Central Bank Interest Rates (Taux d'interventions de la BCC) Central bank interest rate services including the discount rate (set at EONIA+1.5) used for refinancing operations with licensed commercial banks.
• Required Reserves System (Réserves obligatoires) Required reserves system for banking institutions, with reserve rates reduced from 20% to 15% in 2013 to ease treasury tensions. Applied to licensed banks operating in the Union of Comores.
• Monetary and Exchange Rate Statistics (Statistiques monétaires et de change) Publication of monetary statistics and daily indicative exchange rates against the Comorian Franc (KMF), including gold prices. Available to the public, banks, and government.
• Currency Museum (Musée de la monnaie) Currency museum showcasing the history of Comorian money for educational purposes, including school visits to learn about the history of Comorian monetary history.

Quantifiable outcome

• Reached 24% banking penetration rate with target to increase financial inclusion
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Banque Centrale de Tunisie (BCT)coreStrategic or Co-development Partner · 7 April 2026Institutional cooperation agreement signed April 7, 2026 in Tunis covering monetary policy, financial stability, banking supervision, payment systems modernization, financial inclusion, fintech development, cybersecurity, and capacity building through expert exchanges and technical assistance missions.
• Groupe BOA (Bank of Africa)coreStrategic or Co-development Partner · 18 October 2023Protocol agreement for opening BOA Comores (BOAC) and takeover of Banque Fédérale de Commerce. Signed by Minister of Finance and BCC Governor in Marrakech during IMF/World Bank Annual Meetings. Aims to strengthen banking sector competition and financial stability.
• France (French Treasury)flagshipStrategic or Co-development Partner · 23 November 1979Monetary cooperation agreement signed on November 23, 1979 establishing unlimited convertibility guarantee from the French Treasury. Foundation of the Comorian franc zone membership and currency stability mechanism. Governed by the French Cooperation Agreement.
• Banque de FrancecoreStrategic or Co-development PartnerKey partner providing technical assistance and cooperation within the monetary cooperation framework. Contributes to the unlimited convertibility guarantee of the Comorian franc.
• Banque Ouest Africaine de Développement (BOAD)minorStrategic or Co-development PartnerRegional development bank partner supporting economic development projects in West Africa including the Union of Comoros.
• Banque des États de l'Afrique Centrale (BEAC)minorStrategic or Co-development PartnerCentral bank of Central Africa, regional partner within the Franc Zone framework for monetary cooperation.
• Banque Ouest Africaine (BCEAO)minorStrategic or Co-development PartnerCentral bank of West Africa, partner within the Franc Zone institutional framework.
• Institut d'Émission des Départements d'Outre-Mer (IEDOM)minorStrategic or Co-development PartnerFrench overseas territory monetary institute, partner in Franc Zone cooperation.
• Monnaie de ParisminorStrategic or Co-development PartnerFrench mint providing technical assistance for currency production and security features.
• Fonds Monétaire International (FMI)coreStrategic or Co-development PartnerInternational Monetary Fund providing financial assistance, technical expertise, and policy guidance to the Union of Comoros.
• Afritac SouthminorStrategic or Co-development PartnerIMF regional technical assistance center providing capacity building for public financial management and banking supervision.
• Bank al MaghribminorStrategic or Co-development PartnerCentral bank of Morocco, regional partner within the African monetary cooperation framework.

Scale indicators3 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Banque Centrale de Mauritanie (BCM): Central bank of a small Franc-Zone-adjacent West African economy pursuing monetary modernization; comparable scale, supervisory footprint and Franc-area institutional linkages to BCC.
• Banque Centrale des États de l'Afrique de l'Ouest (BCEAO): Central bank of the WAEMU monetary union; operates within the same Franc Zone framework as BCC and is a named institutional partner, sharing currency-area governance, payment-system modernization and banking-supervision mandates.
• Banque des États de l'Afrique Centrale (BEAC): Central bank of the CEMAC monetary union; a named Franc-Zone partner of BCC with an analogous sub-regional monetary authority role and shared French-Treasury cooperation legacy.
• Banque Centrale de Madagascar: Central bank of a small Franc-heritage island-economy developing nation with limited banking penetration and recent payment-system modernization — closely comparable structural profile to BCC.
• Banque Centrale de Tunisie (BCT): Tunisia's central bank and the most direct functional peer; BCC signed a flagship cooperation agreement with BCT in April 2026 covering monetary policy, payment systems and banking supervision — both operate in small/medium North-African economies with active modernization programs.
• Central Bank of Seychelles: Central bank of a small Indian-Ocean island economy with a similarly narrow supervised banking sector and active financial-inclusion agenda — a near-analogue peer to BCC in scale and mandate.
• Banque de la République de Djibouti: Franc-Zone-aligned central bank of a small Horn-of-Africa economy with a tightly concentrated banking system; structurally similar to BCC in size, currency arrangements and supervisory mandate.

Broad incumbents

• Bank Al-Maghrib: Larger, more established Moroccan central bank and named African cooperation partner of BCC; comparable core functions (monetary policy, supervision, payment systems) but at materially greater scale and sophistication.
• Banque de France: French central bank and the guarantor of the Comorian Franc under the 1979 cooperation agreement; provides ongoing technical assistance and is the most consequential institutional counterpart to BCC.

Emerging players

• Banque Centrale de Djibouti / Banque Centrale du Congo: Banque Centrale du Congo is included as an emerging-market African central bank pursuing modernization of payment systems and banking supervision; a thematic peer illustrating the broader cohort of African central banks BCC engages with through capacity-building programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC3LkDd2Sl-KTKxnRRMl9M7g
• Xx.com/banquecomoreskm

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banque Centrale des Comores