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Private company

Housing and Commerce Bank

Bank in Asmara, Eritrea

The Housing and Commerce Bank (HCB) ((Tigrinya)ባንክ ኣባይትን ንግድን) is a bank in Asmara, Eritrea. The company has focused on financing various apartment complexes throughout Eritrea, most notably in Asmara and Massawa. It has also extended loans to local companies involved in the Wefri Warsay Yika'alo.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1994Founded1
  • Industryeconomics of banking1
  • HeadquartersAsmara1

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Housing and Commerce Bank of Eritrea
Photo: photo by Hans van der Splinter, CC-BY-SA-2.5, via Wikipedia4

The Housing and Commerce Bank (HCB) ((Tigrinya)ባንክ ኣባይትን ንግድን) is a bank in Asmara, Eritrea. The company has focused on financing various apartment complexes throughout Eritrea, most notably in Asmara and Massawa. It has also extended loans to local companies involved in the Wefri Warsay Yika'alo.2

The story

The organisation was founded in 1994 after independence of Eritrea, under the name Housing Bank of Eritrea. In the process it took over the previous Asmara branch of the Ethiopian Housing and Savings Bank, a savings bank set up with the assistance of Cassa di Risparmio delle Provincie Lombarde. HCB's original mission was to provide services to mitigate the acute housing shortage after the Eritrean War for Independence. The firm's name was changed in 1996 when the majority shareholder, the People's Front for Democracy and Justice, decided that it should become a full-fledged bank.

From Wikipedia’s article on Housing and Commerce Bank, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Owners

  • People's Front for Democracy and Justice

From Wikidata.1

Timeline

  1. 1994Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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