Premier Bank Limited

General Information

IndustryFinance

Organisation typeBank

Company Address KM4, Makka Almukarrama Street, Hodan Distict
626, Mogadishu
Benadir Somalia

Phone number+252612004444 / +252615994664

Web page https://www.premierbank.so

Company Address info@premierbank.so

Contact Information

Contact Person Chairman Jibril Hassan

Phone+16126364746 / +252612004444

Email jibril@premierbank.so; info@premierbank.so; ismail@premierbank.so

Verified By

OrganisationSuomi-Somalia Seura Ry

Contact personYusuf M. Mubarak

Project typeJoint venture; Other long-term partnership; Investment

Project abstractPremier Bank is fastest growing and leading bank in Somalia. Premier Bank is seeking to partner with Finnish banks and financial institutions.

Project descriptionPremier Bank Limited is a Somalia Islamic Bank, licensed and regulated by the Central Bank of Somalia (License No. 0011) to provide Islamic Banking and Financial Services in Somalia. Being the fast growing bank in Somalia, Premier Bank is focusing to be the financial institution to facilitate capital flows to/from Somalia and a hub for investments.

Premier Bank believes in the promise of a new Somalia and that everyone has a role to play in rebuilding the country. According to Premier Bank, it is this philosophy that guides its efforts to encourage economic and community development by introducing modern banking practices to the country. The bank’s diverse knowledge of local financing requirements enables it to meet and service the needs of Somalia’s dynamic economy.

Premier Bank offers various retail and corporate banking products and services, including but not limited to, savings and current accounts, institutional and SME banking, personal financing, treasury services and trade financing products. The bank also provides Custodial Services, Debit and Prepaid cards as well as wire and SWIFT transfers. Premier Bank is committed to developing deep relationships with clients and the bank recognizes this as being a key driver of the bank’s business and growth strategy.

Premier Bank is looking for correspondence/intermediary banking relationships with Finnish banks and financial institutions.

Premier Bank is also looking for investments and joint ventures (i.e real state).

Attachments

Number of employees50-249

Annual turnover in €2-10 million

Annual balance sheet totalover 43 million

Certifications, standardsN/A

Already engaged in international co-operationYes

Percentage of transnational activities0 to 9%

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