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CEOs of Member banks and the Association's CEO during the 2022 Focus meeting.

Somaliland Banking Association Focus for 2022

The association’s main aim are those 5 pillars:-

  • The Association & Banks:

The association aims to create a harmonious collaboration with each of the banks in order to be able to develop the banking sector in Somaliland.

 

  • The Customers & Banks:

Creating good relations with the banks and their customers is of at most important to improve the banking sector through standardizing banking processes and increasing efficiency for the customer.

 

  • The Government & Banks:

Improving the government’s relations with banks through developing better policies for banks that aid in promoting international financial practices.

 

  • Capacity building for bankers & youth:

Education and training programs for bankers’ employees to improve their skillsets as well as aiding youth in financial literacy programs that is targeted at entrepreneurs.

 

  • Corresponding banks:

Part of getting connected to the world is through improving the financial infrastructure of banks in Somaliland and corresponding with international banks is a way to do just that. From initiatives such as; the swift code to transferring money abroad.

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