MEMBERS

Membership Information

Membership Eligibility

Any Bank licensed by the Bank of Somaliland pursuant to dispensation of the Law is eligible for membership of the association. The Bank of Somaliland will not be eligible for membership but a representative may be invited to any meeting should it be felt that their presence would be of benefit.

Admission To Membership

Any bank wanting to become a member shall apply in writing for admission to the Association. An applicant may be required by the Executive Council to supply such particulars and information as the Council may deem necessary. Provided that Banks who are members of the Somaliland Banking Association at the time of Adoption of the Constitution of the Somaliland Banking Association need not reapply. Every application that fits the requirements for membership shall be placed before the Executive Council at its meeting or circulated among the members of the Council for consideration.

An applicant being admitted as a member shall, pay the membership fee as soon as they join. Upon admission the fee is expected at the beginning of each year (Jan 1st).