Free directory of all 16 correspondent bank SWIFT/BIC codes registered in SOMALIA. Click any bank to view its full record and track an international SWIFT payment routed through it.
Somalia's formal banking sector is extremely limited, with Premier Bank, Salaam Somali Bank, and Amal Bank among the few internationally connected institutions. USD is the de facto commercial currency. Most international transfers to Somalia route via Hawala networks (informal money transfer) or through Kenyan banking intermediaries due to derisking pressures on Somali-linked correspondent banking relationships with US and European institutions.
| RTGS / Settlement System | SWIFT (Central Bank of Somalia — CBS; very limited) |
|---|---|
| Currency | SOS — Somali Shilling (USD dominant in commercial use) |
| Central Bank | Central Bank of Somalia (CBS) |
| Typical SWIFT Timing | 7–14 days (severely limited banking access) |
Most international SWIFT wires arrive in Somalia within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Somalia processes large-value interbank settlements through SWIFT (limited). Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is SOS/USD. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 16