Official Name: State of Eritrea

Capital City: Asmara

Currency: Nakfa (ERN)

Eritrea National Flag

Continent: Africa Country: Eritrea Total Banks: 3

3 banks are currently documented for Eritrea in the Bankinfobook directory, with Asmara as the country's principal financial hub. All entries have undergone manual verification as of 2026.

The average income level sits at approximately 360.00 USD, relevant context alongside the country's banking infrastructure. Eritrea has a population of approximately 3,680,000, offering scale context for its 3 listed banking institutions. Average inflation is estimated at approximately 5.00%, a useful benchmark for currency and purchasing-power stability in the region. Commercial Bank of Eritrea (CBE) is recognized as the largest commercial bank serving Eritrea.

Bankinfobook estimates 100% SWIFT-to-Bank connectivity for Eritrea, placing it in the 'Integrated' tier of our Financial Connectivity Index.

Looking for more details on SWIFT codes? Explore our comprehensive guide to SWIFT Codes Explained.


Commercial bank

SWIFT: CBERERAI

Eritrea bank

SWIFT: BOERERAI

Housing and commerce bank

SWIFT: HCBEERAI

✓ Verified: This entry was personally compiled and reviewed by Milan Ignjatovic using primary sources.

Founder & Sole Curator, Bankinfobook | Master Manager of ICT · Graduated Economist

Last Data Review: August 2, 2026