SLBA ROLES & MANDATE

Somaliland Banking Association is actively involved in initiatives geared towards promoting and strengthening the banking industry to become outstandingly efficient.

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Welcome to SLBA

The Somaliland Banking Association was established and acts as a forum for the banking sector, with 4 current members. SLBA is here to create a reputable and professional banking sector to best support Somalis, who entrust their ambitions and hard-earned resources with its member banks.

Roles of SLBA

INDUSTRY EFFECIENCY

To improve consumer awareness and knowledge of banking products and services.

ROLES

CONSUMER INFORMATION

To improve consumer awareness and knowledge of banking products and services.

RESEARCH

To conduct research on the banking industry in Somaliland to enable avail intuitive and reliable information for prospecting investors and for better regulation of policies.

INDUSTRY REGULATION

To promote orderliness and ethical banking practices among member banks.

ROLES

ECONOMIC GROWTH

To formulate and review banking rules, operations and policies to assist the banking industry in becoming more resilient, competitive and effective in meeting the needs of the changing economy.

CAPACITY BUILDING

To collaborate with government ministries, private sector groups and relevant organizations on member bank’s contributions to socio-economic planning and development of the country.