Premier Bank is an international
bank that deals with other banks in many countries around the world. The bank has
been registered with Somaliland Central Bank, and has been given a permit to
transact business within the country which would help the local businesses and
international organizations manage easily their finances
This service was publicized in a ceremony
held at the Ambassador Hotel in Hargeisa. Some of the attendees were the
governor of the Somaliland Central Bank -Abdillahi Hassan Adan, senior officer
from the Premier Bank – Dr. Abdiwely Sheikh Abdullah Suufi, and quite a number of enthusiast Somaliland
Diaspora for such services.
First, Dr. Abdiwelly Sheikh Abdullah
shared a brief description on how the Premier Bank would conduct its business and
the opportunities that it would avail to the public:
"Premier Bank is an Islamic bank
that is registered with the Central Bank of the Republic of Somaliland. It
officially opens its doors to the public on this day of May 3, 2016 with the
introduction of the use of Master Card and VISA as well as cash dispensing kiosks
widely called Automated Teller Machine (ATM) for the first time in Somaliland.
These developments are in line with the objectives of the Central Bank of
Somaliland which stresses the use of modern payment options widely available in
most parts of the world today like the credit/debit/ATM cards.
This type of service would enable
our Diaspora and the foreign visitors to easily have access to their accounts
at international banks when they are traveling in this region. Also, it would play an important role in the
education our students in Somaliland because the bank enables them to pay their
tuition fees as they enroll any university in the world and take online classes
in their homes. Also, it gives other people an easy access to international
markets via the Internet when you can make your payments through our bank."
Still Dr. Adbiwelly continue to say:
"The bank will provide
financial services that will benefit the public, small or large business owners, and
various organizations operating in the country. It will also implement modern
services and will take significant role in job creation, enhancing productivity,
economic growth, and nation developments in general. "
"ATM service is currently
available at Ambassador Hotel, and the coming days many more ATMs will be installed
in places easily accessible to the public. Premier Bank also will continue its
efforts of bringing and introducing into Somaliland some of the most
sophisticated financial system."
Director of the Central Bank of
Somalia Abdullahi Hassan Aden has helped plunge welcomed the opening of the
new, and that public services will increase to new foreign and Qurbojooguba
cards can be paid out to them in the country.
The governor of Somaliland Central
Bank, Abdillahi Hassan Adam, expressed his appreciation in regard to the
opening of the new bank. He confirmed that license to operate in Somaliland as
a commercial bank was issued on january2016 after fulfilling all the required conditions.
He also reiterated that Somaliland Central bank is encouraging other commercial
banks to come Somaliland.
Yassin Sheikh, an expatriate, became
the first person who had the chance to use the ATM and he said that he is happy
to have such services in his home land. He pointed out that the Dubai was the
closest place to get an ATM if one is needed.
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