| Premier Bank Limited | |
| Type: | Private company |
| Industry: | Banking Financial services |
| Location: | Premier Bank HQ Building, Makka al-Mukarama Street, Hodan District |
| Hq Location City: | Mogadishu |
| Hq Location Country: | Somalia |
| Area Served: | Somalia and Kenya |
| Key People: | Osman Duale (CEO) Jibril Hassan Mohamed (Chairman) |
| Products: | Retail banking, Private banking, Auto financing, |
| Services: | Savings, Hajj & Umrah Financing, Remittances from the diaspora, Current Account |
Premier Bank is a Somali privately owned Sharia compliant commercial bank. It was incorporated in Somalia in 2013 and licensed by the Central Bank of Somalia in 2014.[1]
It was the first bank in Somalia to allow MasterCard credit cards and partner with Visa.[2] [3]
Premier Bank was opened on May 21, 2015[4] according to Sharia law by private Somali investors with banking experience from South Sudan, Djibouti and Kenya. The bank's official opening ceremony was opened by former Somali President Hassan Sheikh Mohamud.
The bank has branches in Mogadishu as well as Hargeysa, Somaliland.[5]
Premier Bank in partnership with MasterCard and SWIFT provides to its local clients for global online financial services.
Premier Bank's chairman Jibril Hassan Mohamud announced during the Mogadishu Tech Summit 2018 a fund of one million dollars for Somali tech startups.[6] [7]