IBS Bank: facts and offers

Updated September 28, 2026 · BorrowCue Editorial Team

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Key facts

APR
12% (Source, checked September 26, 2026)
Term
12 months (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Active IBS account and at least 3 months of account statements, declared income, two photographs and ID, passport or licence (Source, checked September 26, 2026)
Loan types
Car, Secured (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Headquarters
Somalia (Source, checked September 26, 2026)
Founded
2013 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
ibsbank.so

Apps and profiles

Get the app
Google Play

Where IBS Bank is available

Available
Somalia
Licence in Somalia
Central Bank of Somalia, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Where is IBS Bank based?+

IBS Bank is based in Somalia. (Source, checked September 26, 2026)

When was IBS Bank founded?+

IBS Bank was founded in 2013. (Source, checked September 26, 2026)

How can I contact IBS Bank support?+

IBS Bank offers support through Email, Phone, Help-centre. (Source, checked September 26, 2026)

Sources

  • ibsbank.so/about checked September 26, 2026

    Backs: Founded, Headquarters, Licences

    “IBS was incorporated in July 2013 and licensed by the Central Bank of Somalia (CBS).”

  • ibsbank.so/faqs checked September 26, 2026

    Backs: Support channels

    “You can reach us via phone at +252 61 3744444, visit http://www.ibsbank.so, or stop by any IBS Bank branch. Email: info@ibsbank.so, support@ibsbank.so”

  • ibsbank.so/retail-banking/auto-finance checked September 26, 2026

    Backs: APR, Eligibility, Lender type, Loan types, Pricing model, Rate type, Term

    “Auto Finance: The bank's profit margin is 12%.”

  • ibsbank.so/retail-banking/home-finance checked September 26, 2026

    Backs: Use cases

    “Home Finance product offers Shariah-compliant solutions to help you purchase or build your dream home.”

Compiled from 4 source pages, checked September 28, 2026. We did not open an account.

Not confirmed yet: Loan amount, Arrangement fee, Credit check, Funding time, Representative example.