The commercial banks in Somalia are regulated by the Central Bank of Somalia, which supervises all banking institutions across the country. Despite decades of economic challenges, Somalia’s financial sector has grown significantly, with a range of Sharia-compliant banks and modern banking services now available nationwide.
Most commercial banks in Somalia focus on Islamic finance, digital banking, and remittance services, reflecting the needs of local communities and the global Somali diaspora. Here’s a full list of licensed banks operating in Somalia.
✅ List of Commercial Banks in Somalia
1. Agro Africa Bank
A relatively new institution focusing on agricultural financing and rural development banking services.
2. Amal Bank
A Sharia-compliant bank offering retail banking, trade finance, and mobile banking to individuals and businesses.
3. Amana Bank
Delivers Islamic financial products, including savings, business loans, and digital services.
4. Bushra Business Bank
Specializes in SME financing and business banking tailored for Somali entrepreneurs.
5. Dahabshil Bank International
Part of the Dahabshiil Group, this bank provides personal, diaspora, and business banking services, including international money transfers.
6. Daryeel Bank Ltd
Offers basic banking services with a focus on community development and accessibility.
7. Galaxy International Bank
An emerging bank with digital-first strategies to serve individuals and enterprises in Somalia and abroad.
8. Idman Community Bank
Focused on serving communities through microfinance and Islamic banking services.
9. International Bank of Somalia
Provides a wide range of Sharia-compliant financial products and is one of the most recognized banks in the country.
10. Mybank Limited
A modern bank offering online and mobile banking solutions, along with Islamic finance.
11. Premier Bank
Known for its international partnerships and fintech innovations, Premier Bank offers personal, SME, and corporate banking.
12. Salaam Somali Bank
One of the oldest and most established Islamic banks in Somalia, offering wide-ranging banking services across major cities.
13. SomBank Ltd
Focused on retail and Islamic banking, SomBank offers accessible and technology-driven services to customers nationwide.
