# Premier Bank

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> Markdown URL: https://mediated.wiki/source/Premier_Bank.md
> Source: https://en.wikipedia.org/wiki/Premier_Bank
> Source revision: 1357129804
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{Short description|Bank in Somalia}}
{{Use dmy dates|date=October 2019}}
{{Infobox company
| name = Premier Bank Limited
| logo = Premier Bank Logo.png
| logo_size = 200px
| type = [Private bank](/source/Private_bank)
| industry = [Banking](/source/Banking) <br/>[Financial services](/source/Financial_services)
| founded = {{start date and age |2013}}
| location = Premier Bank HQ Building, Makka al-Mukarama Street, [Hodan District](/source/Hodan_District)
| hq_location_city = [Mogadishu](/source/Mogadishu)
| hq_location_country = [Somalia](/source/Somalia)
| area_served = [Somalia](/source/Somalia) and [Kenya](/source/Kenya)
| key_people = Osman Duale ([CEO](/source/chief_executive_officer))
<br/>Jibril Hassan Mohamed ([Chairman](/source/Chairman))
| products = [Retail banking](/source/Retail_banking), [Private banking](/source/Private_banking), [Auto financing](/source/Auto_financing),
| services = [Savings](/source/Savings), [Hajj](/source/Hajj) & [Umrah](/source/Umrah) [Financing](/source/Financing), [Remittance](/source/Remittance)s from the diaspora, [Current Account](/source/Current_account_(banking))
| num_employees = 
| website = {{website |https://www.premierbank.so/ }}
}}

'''Premier Bank''' is a Somali privately owned [Sharia compliant](/source/Islamic_banking_and_finance) [commercial bank](/source/commercial_bank).  It was incorporated in [Somalia](/source/Somalia) in 2013 and licensed by the [Central Bank of Somalia](/source/Central_Bank_of_Somalia) in 2014.<ref>{{Cite web|url=https://www.premierbank.so/about-us/|title=About Us}}</ref>  

It was the first bank in [Somalia](/source/Somalia) to allow [MasterCard](/source/MasterCard) credit cards and partner with [Visa](/source/Visa_Inc.).<ref>{{cite web|url=http://newsroom.mastercard.com/press-releases/mastercard-becomes-first-international-payments-network-to-enter-somalia/|title=MasterCard Becomes First International Payments Network to Enter Somalia|publisher=MasterCard and Premier Bank|date=3 June 2015}}</ref><ref>[https://www.premierbank.so/wp-content/uploads/2016/03/Partnership-Press-Release-.pdf "Visa partners with Premier Bank to accelerate the growth of electronic payments in Somalia", joint press release]</ref>

== History ==
left|thumb|200x200px|At the ribbon cutting for Premier Bank, Somali President Hasan Sheikh Mohamud is joined by other officials during the opening ceremony in Mogadishu, Somalia, on 21 May 2015.
Premier Bank was opened on May 21, 2015<ref>{{Cite web|title=Premier Bank formally opens its doors in Somalia|url=https://amisom-au.org/2015/05/premier-bank-formally-opens-its-doors-in-somalia/|date=2015-05-21|website=AMISOM|language=en-US|access-date=2020-05-17}}</ref> according to [Sharia law](/source/Sharia_law) by private [Somali](/source/Somalis) investors with banking experience from South Sudan, Djibouti and Kenya. The bank's official opening ceremony was opened by former [Somali President](/source/President_of_Somalia) [Hassan Sheikh Mohamud](/source/Hassan_Sheikh_Mohamud). 

The bank has branches in [Mogadishu](/source/Mogadishu) as well as [Hargeysa](/source/Hargeisa), [Somaliland](/source/Somaliland).<ref>{{Cite web|title=Premier Bank Now In Hargeisa Somaliland|url=https://www.radiodalsan.com/en/2017/05/28/premier-bank-now-in-hargeisa-somaliland/|date=2017-05-28|website=Radio Dalsan FM 91.5 MHz {{!}} Warar Sugan {{!}} Somalia News|language=en-US|access-date=2020-05-17}}</ref>

Premier Bank in partnership with [MasterCard](/source/Mastercard) and [SWIFT](/source/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.<ref>{{Cite web|title=Boost for start-ups in Somalia as Premier Bank announces $1m fund|url=https://goobjoog.com/english/boost-for-start-ups-in-somalia-as-premier-bank-announces-1m-fund/|date=2018-10-27|website=Goobjoog News English|language=en-US|access-date=2020-05-17}}</ref><ref>{{Cite web|url=https://ventureburn.com/2018/10/somalian-premier-irise-fund/|title=Bank, local hub launch $1-million fund for Somalian startups|date=26 October 2018}}</ref><br />

==References==
{{reflist}}

Category:21st-century establishments in Somalia
Category:Banks established in 2013

{{Africa-bank-stub}}
Category:Banks of Somalia

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Adapted from the Wikipedia article [Premier Bank](https://en.wikipedia.org/wiki/Premier_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Premier_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.