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Since its establishment in 1998, the State Bank of Puntland (SBP) has been the backbone of Puntland’s financial system, driving economic growth and financial stability across Puntland and Somalia. Headquartered in Garowe, with nine branches strategically located across Puntland, SBP is committed to modernizing its operations, enhancing financial infrastructure, and expanding its services to meet the evolving needs of the Puntland Government, businesses, and citizens.

As the official Treasurer of the Puntland Government, SBP plays a critical role in managing public revenues, facilitating government expenditures, and overseeing payments. The bank also handles external payments for development and humanitarian funds, ensuring efficient and transparent financial transactions on behalf of the government.

In response to growing global risks such as financial crimes and terrorism financing, SBP is prioritizing the strengthening of its Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) frameworks. By enhancing financial security and regulatory compliance, the bank aims to safeguard Puntland’s financial system against illicit activities while promoting international best practices.

Beyond its treasury functions, SBP plays a regulator and supervisor role of Puntland’s commercial banks and financial institutions, ensuring liquidity, solvency, and stability within the financial sector in Puntland.

As part of Puntland’s financial integrity reforms, the government has strengthened its commitment to transparency, accountability, and oversight in public financial management (PFM). A landmark achievement in this effort is the implementation of the Treasury Single Account (TSA) by SBP, which has successfully centralized government revenues into a unified system. This reform has:


✅ Eliminated financial inefficiencies
✅ Minimized leakages and mismanagement
✅ Improved cash flow management
✅ Reinforced fiscal discipline
✅ Enhanced public trust in Puntland’s financial governance

These transformative initiatives underscore Puntland’s unwavering commitment to building a resilient, transparent, and well-regulated financial ecosystem—one that upholds integrity, fosters economic stability, and strengthens governance effectiveness for a sustainable future.

  • Acts as the banker and fiscal agent for the Puntland government.
  • Manages the Treasury Single Account (TSA) to streamline public financial management.
  • Facilitates both domestic and international transactions for government entities.
  • Oversees a government budget of $0.5 billion, serving over 20,000 employees.

The State Bank of Puntland (SBP) envisions a modern, resilient, and inclusive financial sector that drives economic growth, financial stability, and sustainable development. Committed to transparency, accountability, and operational excellence, SBP leverages innovation and global best practices to enhance governance, efficiency, and prosperity across Puntland and beyond. By fostering a progressive and dynamic banking system, SBP serves as a key pillar of Puntland economic stability and long-term growth.

A modern and robust financial institution that delivers effective and innovative banking services, supporting the economic growth and development needs of Puntland Government and its citizens.