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]
History
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