The Central Bank of Comoros (BCC) published its 2025 annual report in late August 2026, delivering an encouraging picture of the archipelago's banking sector. The Comorian banking system recorded 14% activity growth over the year — its best performance in several years, according to the BCC.
Structural reforms paying dividends
«Several years of structural reforms» were needed to reach this point, the central bank acknowledges in its report. Credit portfolio quality has improved noticeably, and the sector displays «growing stability» in an island economy that has historically been underbanked. Comoros is part of the franc zone, with a fixed parity between the Comorian franc and the euro, providing monetary stability.
This banking revival comes amid a favourable macroeconomic context: Comoros's economy grew by 3.8% in 2025, its best performance since Covid-19. Tourism is gradually recovering, while diaspora remittances — the country's primary source of foreign exchange — have continued to grow.
2026 priorities: modernisation and inclusion
The BCC has set two priority axes for 2026: modernising payment infrastructure and expanding financial inclusion. The goal is to broaden access to basic banking services for a population that remains largely excluded from the formal system. Mobile money development, booming across the Indian Ocean sub-region, is one of the identified levers.
Why it matters: Comoros is often the overlooked economy in Indian Ocean analysis. This BCC report shows the archipelago is moving — at its own pace — towards greater financial maturity. A solid banking sector is the prerequisite for private investment and economic diversification.
Persistent challenges
Despite these advances, challenges remain. The archipelago has a small number of banking institutions and limited competition. Financing for SMEs — the backbone of the Comorian economy — remains difficult to access. The BCC also intends to strengthen banking supervision and anti-money laundering measures, in line with regional standards.