The (IBS) (Somali: Bangiga caalamiga ah ee IBS Bank) is an IBS Bank headquartered in Mogadishu, Somalia. IBS Bank began operations on 11 October 2014 in Mogadishu. Its opening ceremony was attended by President Hassan Sheikh Mohamud, along with various cabinet ministers, businessmen, and other invited guests. IBS was incorporated in July 2013. As of March 2015, it is one of six local banks with commercial licences issued by the Central Bank of Somalia. The company is the first international bank in the country in over twenty years. More information...
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