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.