Banque de Développement des Comores
Sector of activity: Finance
Associed fund: IPAE 1
Entrepreneur: Marc Athiel
In portfolio since: 2014
The Comorian Development Bank (CDB) was created in 1982 by the Union of the Comoros, the AFD (French Agency for Development) and the European Investment Bank. Its initial goal was to promote the Comorian economic growth while financing for the medium-term production activities. Following a period when the CDB met great difficulties, a technical assistance mission was led by ACEP-International with AFD’s funding in 2008. A new credit policy was defined and the CDB has greatly developed its outstanding and is now profit-making since 2010.