Banking with the Homeland

[Dhimbil]

I recently came across the Universal Bank of Somalia (UBSOM), a commercial bank that was launched on January 2002. The bank is owned by Somalis in partnership with foreign investors in Europe according to online sources. I never heard of this bank or saw it in the Somali online media? do any of you heard of this bank? did you ever use it? anyway here is what is online. I don't even know if it is still operational.

 

The official bank here

 

Media Release for UBSOMclaims

UBSOM Global Services is the first Internet bank in Somalia to provide ACH, ETF, Electronic Checks, and ATM card for clients around the world. Current Global Service Members include Abbey National, Bank of America, Bank of Montreal, JPMorgan Chase, Citibank N.A., Mellon Financial Corporation, and European Savings Banks Group.

Somalitalk had this

The bank’s debut started on a sour note after the head of the inactive Central Bank of Somalia termed it an “illegal establishment†because it had not applied for a license.

^This shows UBSOM is different from the now somewhat defunct CBSOM.

[Faarax-Brawn]

I have never heard of this "Bank" in or around the "Somali Banking" fraternity aka Xawilaads .

 

If it is that highly accreditted with partners like Bank of America & Jp Morgan,then perhaps we should have heard it.

 

Also,none of the Links on the webpage for the contacts & partners work,very suspicious I tell ya. I wanted a physical address but I cant seem to find it. I will eventually find out ,igu daa

[xiinfaniin]

^^Wallee nin baa ku maqan howshaas . Xiniinyo cadde , Warbaan kaa sugaynaa.

[Dhimbil]

^

 

Faarax....waxani waa suspicious. If no one in sol heard of it......majirto walee. Hada adaa lagaa warsugi. Lakiin if its xawala why the hell are they calling it "Bank"? and yeah links don't work other than where you log in.