Dahabshil Bank International

Dahabshil Bank International (DBI), also known as the Dahabshil International Commercial Bank, is a bank headquartered in Hargeisa, Somaliland.

Dahabshil Bank International
TypeSubsidiary
IndustryBanking and financial services
Founded2014 (2014)
HeadquartersHargeisa, Somaliland
Key people
Abdirashid Mohamed Saed (Dahabshiil Manager)
ProductsLoans, commodities
OwnerDahabshiil
Websitewww.dahabshilbank.com

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 Persian Gulf region.[1]

Dahabshil Bank International, Hargeisa Branch

History

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

References
  1. "Host Country". Dahabshil Bank International. Archived from the original on 16 September 2014. Retrieved 2 November 2014.
  2. "First commercial bank officially opens in Somaliland". Reuters. 30 November 2014. Archived from the original on 20 January 2015. Retrieved 2 December 2014.
  3. "Banking". Dahabshil Bank International. Retrieved 2 November 2014.
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