WELCOME TO SLBA

We are geared towards promoting and strengthening the commercial banking industry in Somaliland.

Background Information

Somaliland Banking Association (SLBA) was registered as an Industry Association in 2021 by the  Ministry of Planning & National development. The main aim of the Association is to cater for the interests of the member banks as well as the consumers and the public. Our main focus is to standardize the banking system across all banks in Somaliland. Moreover, to create financial awareness for the public and protect the personal data of consumers in banks by having proper systems in place.
As the umbrella body of the institutions licenses and regulated by the BSL with a current membership of 4 financial institutions (Dahabshil Bank International, Dara Salaam Bank, Premier Bank and Amal Bank) SLBA reinforces a reputable and professional banking sector in a bid to best support Somalis, who entrust their ambitions and hard-earned resources with its member banks.
The ambition of the association is geared towards promoting banking industry development and economic growth by engaging the government and sector regulator, The Bank of Somaliland (BSL). To reinforce the banking industry’s ability to be a primary driver of the economy’s development aspiration, the mandate of the Association is defined and enshrined in our Strategic Plan.

Company Overview

Vision

Our vision is to create an enabling platform that nurtures and transforms the banking and financial industry in Somaliland.

Mission

  • To work in partnership with national and International regulatory bodies to set and maintain the highest standards of compliance
  • To develop a common standard of good banking practice and assist our members to offer quality banking services.
  • To develop and support public confidence in the banking sector through public awareness and education.

    • Values

  • Teamwork: We promote and support a diverse and committed team by working together to achieve our mission.
  • Integrity: To uphold high standards which demonstrate excellence and transparency with our members.
  • Innovation: To create new means of improving the banking sector in Somaliland.
  • Inclusiveness: To foster financial inclusion for all.

    • Our Pillars

    Earning the trust

    We are working towards banks trusting each other.

    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.

    Customers & Banks

    We work to ensure every customer counts.

    Banks play a vital role in the financial future of the people – the vast majority of people benefit from mobile banking services that make it easy to do transactions online. 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.

    Government & Banks

    We are helping to grow Somaliland’s economy.

    Banks play a vital role in Somaliland’s economy – keeping our savings safe and providing loans to support people and businesses. Improving the government’s relations with banks through developing better policies for banks that aid in promoting international financial practices and helps the economy.

    The Future

    We can imagine the future of banking.

    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.

    Financial Inclusion & Capacity Building

    Foster financial inclusion for all

    To inform program and advocacy strategies to effectively strengthen and scale the financial ecosystem in Somaliland. Improved access to finance through 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.

    Organizational Structure

    SLBA is an association of the 4 member banks and Secretariat that is situated at Burj Omaar Building in Hargeisa. The banks constitute the General Body and are represented by their Managing Directors or Chief Executive Officers. The SLBA General Body elects a Governing Council that is comprised of a 4 CEOs who represent the members and other financial institutions with vested interests and oversee the Secretariat’s operations, programs and budget.
    The SLBA Secretariat has a full- time staff compliment which manages day to day operations under the leadership of Chief Executive Officer, Mr. Khalif Noor SLBA activities are managed by the Secretariat which works in consultation with the following Committees and Sub Committees:

    Legal Affairs & Compliance Committee

    HRM & Capacity Building Committee

    Public Relations Committee

    Shariah Committee

    Operations & Clearing Committee

    Bank Fraud & Risk Committee

    Organizational Structure Chart
    The SLBA Organizational Structure Chart.

    Connect with SLBA

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    eSLBA connect provides an avenue for consumers to clarify any doubts and verify information on conventional banking issues.

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