, 10 conventional and Islamic banks operate in Djibouti. Most arrived within the past few years, including the Somali money transfer company Dahabshiil and BDCD, a subsidiary of Swiss Financial Investments. The banking system had previously been monopolized by two institutions: the Indo-Suez Bank and the Commercial and Industrial Bank (BCIMR). To assure a robust credit and deposit sector, the government requires commercial banks to maintain 30% of shares in the financial institution; a minimum of 300 million Djiboutian francs in up-front capital is mandatory for international banks. Lending has likewise been encouraged by the creation of a guarantee fund, which allows banks to issue loans to eligible small- and medium-sized businesses without first requiring a large deposit or other collateral.