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Dahabshil Bank International (DBI), also known as the Dahabshil International Commercial Bank, is a 
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
headquartered in Hargeisa
Hargeisa (; so, Hargeysa, ar, هرجيسا) is the capital and largest city of the Republic of Somaliland. It is located in the Maroodi Jeex region of the Horn of Africa. It succeeded Burco as the capital of the British Somaliland Protector ...
, Somaliland
Somaliland,; ar, صوماليلاند ', ' officially the Republic of Somaliland,, ar, جمهورية صوماليلاند, link=no ''Jumhūrīyat Ṣūmālīlānd'' is a ''de facto'' sovereign state in the Horn of Africa, still conside ...
.
Dahabshil Bank International is one of the main banks in Djibouti
Djibouti, ar, جيبوتي ', french: link=no, Djibouti, so, Jabuuti officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red ...
. It is a subsidiary of DGH Group Dahabshiil
Dahabshiil ( so, Dahabshiil, ar, دهب شيل) is an international funds transfer company, and is the largest money-transfer business in Africa. It's headquartered in Burao, Somaliland. Formed in the early 1970s, the firm operates from over 24 ...
.
The bank has access to substantial foreign direct investment from the Persian Gulf region.
History
In early 2014, it became an officially recognized institution inSomaliland
Somaliland,; ar, صوماليلاند ', ' officially the Republic of Somaliland,, ar, جمهورية صوماليلاند, link=no ''Jumhūrīyat Ṣūmālīlānd'' is a ''de facto'' sovereign state in the Horn of Africa, still conside ...
. The bank opened its first branch later the same year in Hargeisa
Hargeisa (; so, Hargeysa, ar, هرجيسا) is the capital and largest city of the Republic of Somaliland. It is located in the Maroodi Jeex region of the Horn of Africa. It succeeded Burco as the capital of the British Somaliland Protector ...
, the capital of the country.
As of November 2014, Dahabshil Bank International has issued $70 million in loans earmarked for the local financial, livestock, agriculture, health and education sectors. According to Manager Abdirashid Mohamed Saed, the bank is slated to open additional branches in other parts of Somaliland.
Services
The bank provides business and international banking, as well as personal and private banking to its clients. It also accommodates commodities exchange.Memberships
Dahabshil Bank international is a member of various international trading agencies and groups, including: *Common Market for Eastern and Southern Africa *Multilateral Investment Guarantee AgencySee also
*List of banks in Somaliland
This is a list of commercial banks in Somaliland;
# Bank of Somaliland
# Dahabshiil Bank
# Darasalaam Bank
# Premier Bank
# Amal Bank
See also
* List of banks in Africa
This is a list of banks in Africa, arranged by country.
Algeria
Ce ...
*Al Gamil
Al Gamil is a privately held company based in Djibouti City, Djibouti.
Overview
Al Gamil is the largest construction firm in Djibouti. It has its headquarters in the national capital, Djibouti City.
Besides the local construction industry, th ...
References
External links
* {{Official website Economy of Djibouti Companies of Djibouti Banks of Djibouti Companies based in Hargeisa Economy of Somaliland 2014 establishments in Somalia Banks established in 2014 Companies of Somaliland Banks of Somaliland