Dahabshil Bank International

Dahabshil Bank International
Subsidiary
Industry Banking and financial services
Founded 2014 (2014)
Headquarters Somalia,Djibouti
Key people
 Abdirashid Mohamed Saed (Dahabshiil Manager)
Products Loans, commodities
Owner Dahabshiil
Website www.dahabshilbank.com

Dahabshil Bank International (DBI), also known as the Dahabshil International Commercial Bank, is a bank headquartered in the federal republic of Somalia

Dahabshil Bank International is one of the main banks in Djibouti.[1] It is a subsidiary of DGH Group Dahabshiil.[2]

The bank has access to substantial foreign direct investment from the Gulf region.[1]

History

In early 2014, it became an officially recognized institution in Somalia. The bank opened its first branch later the same year in Hargeisa, the capital of Somaliland region.[2]

As of November 2014, Dahabshil Bank International has issued $70 million in loans earmarked for the local financial, livestock, agriculture, health and education sectors. According to Manager Abdirashid Mohamed Saed, the bank is slated to open additional branches in other parts of Somaliland.[2]

Services

The bank provides business and international banking, as well as personal and private banking to its clients. It also accommodates commodities exchange.[3]

Memberships

Dahabshil Bank international is a member of various international trading agencies and groups, including:[1]

  • Common Market for Eastern and Southern Africa
  • Multilateral Investment Guarantee Agency

See also

Notes

  1. 1 2 3 "Host Country". Dahabshil Bank International. Archived from the original on 16 September 2014. Retrieved 2 November 2014.
  2. 1 2 3 "First commercial bank officially opens in Somaliland". Reuters. 30 November 2014. Retrieved 2 December 2014.
  3. ↑ "Banking". Dahabshil Bank International. Retrieved 2 November 2014.
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