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List Of Investment Banks In Somalia

Published by Gbaf News

Posted on October 31, 2012

1 min read

· Last updated: June 11, 2018

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Al Barakaat Bank, Mogadishu
Central Bank of Somalia
Commercial and Savings Bank of Somalia
Dalsan Bank
National Bank of Somalia
Somali Commercial Bank
Somali Development Bank
Universal Bank of Somalia (UBSOM)

Key Takeaways

  • The article lists several Somali banks offering investment and commercial services.
  • IBS Bank, headquartered in Mogadishu, is a notable investment bank in Somalia.
  • The Central Bank of Somalia licenses and oversees commercial banks including those listed.

References

Frequently Asked Questions

What qualifies a bank as an investment bank in Somalia?
Investment banks in Somalia typically offer services such as trade finance, project financing, and Sharia‑compliant investment solutions, and are licensed by the Central Bank of Somalia.
Is IBS Bank an investment bank in Somalia?
Yes, IBS Bank, headquartered in Mogadishu, provides full commercial and investment banking services, including Sharia‑compliant products, and is licensed by the Central Bank of Somalia.
Who regulates banks in Somalia?
The Central Bank of Somalia regulates and licenses commercial and investment banks operating in the country.

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