Company type | Private bank |
---|---|
Industry | Banking Financial services |
Founded | 2013 |
Headquarters | Premier Bank HQ Building, Makka al-Mukarama Street, Hodan District, , |
Area served | Somalia and Kenya |
Key people | Osman Duale (CEO) Jibril Hassan Mohamed (Chairman) |
Products | Retail banking, Private banking, Auto financing, |
Services | Savings, Hajj & Umrah Financing, Remittances from the diaspora, Current Account |
Website | www |
Premier Bank is a Somali privately owned Sharia compliant commercial bank. It was incorporated in Somalia in 2013 and licensed by the Central Bank of Somalia in 2014. [1]
It was the first bank in Somalia to allow MasterCard credit cards and partner with Visa. [2] [3]
Premier Bank was opened on May 21, 2015 [4] according to Sharia law by private Somali investors with banking experience from South Sudan, Djibouti and Kenya. The bank's official opening ceremony was opened by former Somali President Hassan Sheikh Mohamud.
The bank has branches in Mogadishu as well as Hargeysa, Somaliland. [5]
Premier Bank in partnership with MasterCard and SWIFT provides to its local clients for global online financial services.
Premier Bank's chairman, Jibril Hassan Mohamud announced during the Mogadishu Tech Summit 2018 a fund of one million dollars for Somali tech startups. [6] [7]
Mogadishu, locally known as Xamar or Hamar, is the capital and most populous city of Somalia. The city has served as an important port connecting traders across the Indian Ocean for millennia and has an estimated urban population of 2,610,483.
Visa Inc. is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
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Abdirahman Duale Beyle, also known as Abdirahman D. Beileh, is a Somali economist, professor, politician, philanthropist, poet, and songwriter. He served as the Minister of Foreign Affairs and International Cooperation of Somalia from January 2014 to January 2015. He is currently serving as Minister of Finance of Somalia.
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The (IBS) is an IBS Bank headquartered in Mogadishu, Somalia.
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Events in the year 2022 in Somalia.