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About Us​

Our Story

Founded in 2017 by Somali professionals, SomBank operates with a commercial banking license from the Central Bank of Somalia. We're dedicated to ethical banking based on Sharia principles, aiming to empower individuals and businesses with tailored financial solutions. Our services include personal and business banking, specialized services for women and youth, Diaspora banking, and digital solutions like mobile and internet banking. We also offer financing options for various needs, from personal to corporate.

With branches in major cities across Somalia, including Mogadishu and Bossaso, we prioritize accessibility. SomBank provides payment services such as cheque issuance, standing orders, and international transfers via SWIFT. Customers benefit from debit cards, T-Plus Mobile wallet, and merchant payments. We partner with Tawakal Money Transfer for top-tier remittance services, facilitating global connections.

Through collaborations with T-Hub Innovation Center and local universities, we offer internships and financial literacy training for future entrepreneurs. Moreover, in partnership with the World Bank and KfW through Gargaara Company Ltd, we strategically invest in key sectors like women-owned enterprises, agriculture, healthcare, and renewable energy, contributing to Somalia's national development.


Our Mission

Empowering individuals and businesses through personalized financial solutions, fostering lasting relationships built on trust and innovation.

Purpose

To enable our people, achieve

financial freedom and create wealth

Our Vision

To be the preferred relationship Bank in the horn of Africa

Our Core Values

Integrity

Simplicity

Commitment

Teamwork

Social Responsibility


Said Ali Shire, CEO

As CEO of SomBank, I am proud of our commitment to the principles of Islamic banking  and our continuous drive for innovation. Our Shari'ah-compliant products and services not only compete at global standards but also enhance the banking experience through robust digital solutions. We invest in our team's ongoing development to ensure they meet our customers' needs with exceptional skill and care.

 

Sharmarke Khalif, COO

At SomBank, we are committed to operational excellence and delivering efficient, customer-centric services to ensure our clients' financial success.

Eng. Sadak Samatar, CTO

Innovation is at the heart of SomBank. We continuously integrate cutting-edge technology to enhance our digital banking services and provide secure, seamless experiences for our customers.

Mohamed Aden, CFO

Our focus is on maintaining financial stability and transparency, while driving growth and ensuring sustainable profitability for SomBank and our valued stakeholders.

Nima Abdi, Head of Risk & Compliance

SomBank adheres to strict risk management and compliance protocols, ensuring the safety and security of our clients' assets and the integrity of our operations.  

Jamal Mohamed, Head of Legal Dep.

We uphold the highest standards of legal compliance and integrity, ensuring that all our operations are conducted within the framework of Shari’ah law and international regulations.

Abdirahim Abukar Ahmed, Head of Business

SomBank is dedicated to empowering businesses with tailored financial solutions that drive growth and operational efficiency.

Shukri Abdi, Head of Human Resource

Our people are our greatest asset. We invest in their growth and development, fostering a culture of teamwork, excellence, and respect at SomBank.

Abdiaziz Mohamed Nur, Head of Financing & Investment 

SomBank offers Shari’ah-compliant financing and investment options designed to help our clients achieve their financial goals, both short-term and long-term.

Mohamed Hussein, Head of Marketing

At SomBank, we strive to understand and meet the unique needs of our customers, building strong relationships through innovative marketing strategies and personalized services.

Hodan Abdi, Customer Care Manager

Customer satisfaction is our top priority. We are dedicated to providing exceptional service and support, ensuring that every interaction with SomBank is a positive one.





SomBank offers a comprehensive SWIFT service that enables both outward and inward transfers, allowing you to move money from your account to other international bank accounts. This service is fast, secure, and efficient, facilitated through SomBank’s correspondence with foreign banks.

The SWIFT code for SomBank is SOMNSOSMXXX, which is a unique identification code used for international transactions and ensures secure communication between financial institutions globally.

Write one or two paragraphs describing your product or services.

SomBank Mastercard

SomBank, in partnership with Mastercard, has launched a Mastercard-branded debit card in Somalia.

The card is expected to offer access to a wide network of merchants and ATMs that accept Mastercard payments, as well as through SomBank’s extensive network of branches and agents. This marks a significant step towards financial inclusion in Somalia, enabling more people to participate in the economy and access essential financial services.

Start with the customer – find out what they want and give it to them.

Start with the customer – find out what they want and give it to them.

Personal Current AccountPersonal Saving AccountStudent Current AccountDiaspora AccountSalary AccountBusiness SME Current AccountIndividual SME Current AccountInstitutional AccountNGOs AccountCommunity Account

Personal Current Account

This account type is designed for individual customers.

Features

1.      25 leaf Cheque books

2.      Internet/Mobile banking

3.      Free monthly e-bank statement

4.      Free standing orders set up

5.      Local/International bank/SWIFT transfers & remittance.

6.      Full access to our agents in Somalia/worldwide

7.      Eligibility to different financing products.

8.      Email/phone indemnity banking

9.      SMS/e-alerts

10.  ATM Debit Cards

Personal Saving Account

This account type is designed for individual customers to deposit and save their money securely.

Features

1.      Internet/Mobile banking

2.      Free monthly e-bank statement

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/Worldwide

5.      Eligibility to different financing products.

6.      Eligibility to invest with SomBank’s investment products

7.      SMS/e- alerts

8.      ATM Debit Cards

Student Current Account

This account type is designed for students in undergraduate & postgraduate levels to get access to the financial sector.

Features

1.      Internet/Mobile banking

2.      Free monthly e-bank statement

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/worldwide.

5.      Eligibility for student financing products.

6.      No minimum balance

7.      Free deposit/withdrawal

8.      SMS/e-alerts

9.      ATM Debit Cards

Diaspora Account

This type of account is designed for Somali Diaspora to save their money, manage finances and invest back at home.

Features

1.      50 Cheque books

2.      Internet/Mobile banking

3.      Free monthly bank statement

4.      Free standing orders set up

5.      Local/International bank/SWIFT transfers & remittance.

6.      Full access to our agents in Somalia/worldwide

7.      Eligibility to different financing products.

8.      Email indemnity banking

9.      No withdrawal/deposit limit

10.  SMS/e-alerts

11.  ATM Debit Cards

Salary Account

This type of account is designed for salaried individuals working for both public and private sectors and Non-Governmental agencies.

Features

1.      Internet/Mobile banking

2.      Free monthly bank statement

3.      Free standing orders set up

4.      Local/International bank/SWIFT transfers & remittance.

5.      Full access to our agents in Somalia/worldwide

6.      Eligibility to different financing products.

7.      Unlimited deposit/withdrawal

8.      SMS/e-alerts

9.      ATM Debit

Business SME Current Account

This account type is designed for businesses to save, keep & manage their finances.

Features

1.      50 leaf cheque books

2.      Internet Banking

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/worldwide

5.      Free Monthly e-Bank Statements

6.      Dedicated relationship manager

7.      Salaries Processing & Payroll Management.

8.      QR Code Merchant Till

9.      Eligibility to Different Financing Products.

10.  Eligibility to Trade financing products (LC, Bank Guarantee, Performance Bond, Contract/LPO Financing… etc.)

11.  SMS/e-alerts

Individual SME Current Account

This account is designed for self-employed individual person who maintains small business.

Features

1.      100 leaf cheque books

2.      Internet Banking

3.      Full access to our agents in Somalia/worldwide

4.      Free Monthly Bank Statements

5.      QR Code Merchant Till

6.      Eligibility to Different Financing Products

7.      SMS/e-alerts

Institutional Account

This account is designed for both Public and private sector institutions i.e. Government institutions or departments, Hospitals, Education centers such as Universities and colleges.

Features

1.      100 leaf cheque books

2.      Internet Banking

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/worldwide

5.      Free Monthly Bank Statements

6.      Dedicated relationship manager

7.      Salaries Processing & Payroll Management.

8.      SMS/e-alerts

NGOs Account

This type of account is designed for Non-Governmental Organizations (NGOs), Non-Profit Organizations and Charities to receive funds and use them for administrative and project-based expenses.

Features

1.      100 leaf cheque books

2.      Internet Banking

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/worldwide

5.      Free Monthly e-Bank Statements

6.      Dedicated relationship manager

7.      Salaries Processing & Payroll Management.

8.      SMS/e-alerts

Community Account

This type of account is designed for organizations/committees working for the benefit of the community (mosques, disaster committees, ... Etc.)

Features

1.      100 leaf cheque books

2.      Internet Banking

3.      Local/International bank/SWIFT transfers & remittance.

4.      Full access to our agents in Somalia/worldwide

5.      Free Monthly Bank Statements

6.      Dedicated relationship manager

7.      Salaries Processing & Payroll Management.

8.      SMS/e-alerts