Salaam Somali Bank


The Salaam Somali Bank is a bank headquartered in Mogadishu, Somalia.

Overview

Salaam Somali Bank was established in October 2009. It is the first international bank to operate in Somalia since 1991.
A Muslim financial institution, the bank targets both consumers and businesses BtoC/BtoB, the bank offers personal banking, commercial banking, and non-profit banking. Its Islamic banking services and facilities include Mudharabah, Murabahah and Musharakah. Additionally, the bank offers online banking, mobile banking and debit cards.
SSB established new branches in The last 3years. the bank expanded well when to compare 2012. in 2014, the institution also began providing automatic teller machine services at a location in Mogadishu. The devices operate in English, and were at their launch billed as the first of their kind in Somalia. However, the separate Salaam Bank institution headquartered in Bosaso already provided ATM services for several years prior.

Services

Salaam Somali Bank's personal banking services include current accounts, as well as savings accounts.
The institution's commercial banking services include business current accounts, Bank Guarantees and Letters of Credit.
Its non-profit banking services include a Trust Account for non-governmental organizations, associations, societies and trusts.
The bank also launched a microfinance product for small businesses and professionals. Additionally, it offers anti-money laundering protection.