Banque pour le Commerce et l’Industrie

Somaliland’s Central Bank Plans to Grant First Banking Licenses

The central bank of Somaliland expects lawmakers to enact a draft banking law by June, enabling commercial lenders to extend credit to borrowers for the first time.
Somaliland is in talks with Banque pour le Commerce et l’Industrie, based in neighboring Djibouti, and two other lenders to grant them banking licenses immediatly.

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