The major source of financing for commerce and industries in Seychelles are banks.
There are presently 9 commercials banks and 2 non-banking financial institutions in Seychelles.
The banking system is regulated and supervised by the Central Bank of Seychelles.
Commercial banks that are established in Seychelles:
- Barclays Bank (Seychelles) Ltd: www.barclays.com/seychelles
- Mauritius Commercial Bank (Seychelles) Ltd: www.mcbseychelles.com
- Habib Bank Ltd: www.habibbankltd.com/html/africa
- BMI Seychelles http://www.bmi.com.sc
- Al Habib https://www.bankalhabib.com/
- Bank of Ceylon http://web.boc.lk/
The non-banking financial Institutions
Development Bank of Seychelles (DBS)
DBS is the only financial institution in Seychelles which offers long-term lending facilities at concessionary rates for productive projects. DBS finances new, modernisation and expansion projects in the field of agriculture, fisheries, industries, services and tourism. DBS also finances constructions of shops and commercial buildings and gives priority to viable projects which contribute to the country’s sustainable economic development.
Seychelles Credit Union
The purpose of the Credit Union is to encourage thrift among its members and to create a source of credit for lending to members for provident and productive purpose at a reasonable rate of interest. The members come together to pool their savings in a regular basis amount in order to create a source of credit.
The Seychelles Business Financing Agency
The Seychelles Business Financing Agency (SBFA) is there to encourage the growth of small enterprises to enable them to contribute towards the realisation of a stable and vigorous economy. It provides financial help through concessionary loans to small business enterprises while the Small Enterprise Promotion Agency (Senpa) promotes small businesses.