Announcement
03 Jul 2022
In July 2022, the Central Bank of Somalia granted two operation licenses for international banks.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
03 Jul 2022
Revocation date:
No revocation date
Announced: 03 Jul 2022
FDI: Entry and ownership rule
In force
On 3 July 2022, the Central Bank of Somalia issued licenses to two international banks for the first time. The two banks are Egypt’s Banque Misr and Turkiye’s Ziraat Katilim.
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