The (IBS) is an IBS Bank headquartered in Mogadishu, Somalia.
Overview
IBS Bank began operations on 11 October 2014 in Mogadishu.[1] Its opening ceremony was attended by President Hassan Sheikh Mohamud, along with various cabinet ministers, businessmen, and other invited guests.[2]
IBS was incorporated in July 2013.[3] As of March 2015, it is one of six local banks with commercial licences issued by the Central Bank of Somalia.[4] The company is the first international bank in the country in over twenty years.[5]