Somalia is a country that is regarded as most dangerous one by the international community even the Western Media. Though its risk but it went through many developmental stages, where the Somali elites and the businesses are establishing a society needed programs.
Now let us take a closer look at the International Bank of Somalia which was established and started its operation on 11 October 2014. Though it was founded at that time, the graph of re-shaping the financial sector is going up.
The IBS has introduced different services that were not available before and it was a huge need for Somalia such as:
- Infrastructure Financing
- Trade Finance
- Project Finance
- Microfinance
- Community Finance
Each section of finance is unique and super sophisticated which the Somali nation has benefited a lot. The backbone of the Somali economy is the financial sector and IBS has played a big role in introducing the best products that is in big beneficial for the Somali people for outstanding these products that are as following:
- Deposits
- Real Estate
- Asset Management
- Non-Resident Customers( NRCs)
- Joint Venture
These above mentioned products are making the Somali People easier to invest or to save their currency. What more amazing thing is when a Somali client comes to IBS there is up-to-date information that is given in understandable manner. There is a financial consultation that provided by IBS to their customers prior to beliefs he/she possesses for facilitation aspect.
Yahya Osman Yousuf
+252 (0) 634451089
somalipeace92@gmail.com