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 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]
References
- About Us^
- MasterCard Becomes First International Payments Network to Enter Somalia MasterCard and Premier Bank, 3 June 2015^
- "Visa partners with Premier Bank to accelerate the growth of electronic payments in Somalia", joint press release^
- Premier Bank formally opens its doors in Somalia AMISOM, 2015-05-21, retrieved 2020-05-17^
- Premier Bank Now In Hargeisa Somaliland Radio Dalsan FM 91.5 MHz, 2017-05-28, retrieved 2020-05-17^
- Boost for start-ups in Somalia as Premier Bank announces $1m fund Goobjoog News English, 2018-10-27, retrieved 2020-05-17^
- Bank, local hub launch $1-million fund for Somalian startups 26 October 2018^