Silkroad International Bank-Corporate Banking

Corporate Banking

No matter how complex your financial picture, you have a team with the knowledge and experience you need. Private Banking that’s powerful—but also personal.

Match your scale and needs

With decades of global financial experience, a robust professional knowledge and scalable money-management solutions, we’re the only bank you’ll ever need. Our products can help you reduce costs, save time and make more informed decisions—allowing you to focus on growing your business.

Scope

As a corporate or institutional client, we will help you manage overseas accounts, make payments, transfer funds, send and receive documents, trade online and obtain research and analysis.

Solutions

Providing bespoke solutions to help clients navigate the business landscape effectively.

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Business Terms

Our simplified banking solutions and business tools can help you make the most of every business opportunity. Make the switch to better banking for your business today.

Open a checking account online in 3 simple steps

Check that you’re eligible

Corporations (S and C), limited liability corporations (LLCs), and sole proprietors can apply for some accounts online.

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Apply in minutes

Apply online in minutes and get a decision on the spot. Get ready to apply with our Business Documentation Checklist.

Verify your ID with a selfie

To finalize your application, we may ask you to take a photo of your ID and snap a selfie to verify your identity without a branch visit.

Solution features

Sole Proprietorship

Sole Proprietorship

1.Proof of the company’s address

2.Copy of Trading License and Tax Certificate (Sole-Trader/Sole-Proprietor/Independent Contractor) Decree authorizing the practice of the business and Tax Certificate for Liberal Professional

3.Valid ID card or passport of the patent holder

4.A valid coloured passport sized photo

5.Proof of address of the patent holder (Electricity, water and telephone bill)

6.Last 3 years’ financial statements of the company
One Person Company (OPC)/ Private/Public Limited Company)

One Person Company (OPC)/ Private/Public Limited Company)

1.Certificate of Incorporation

2.Memorandum of Associations (MoA) or Article of Associations (AoA)

3.Board Resolution (BR)

4.Updated list of directors

5.In case of Power of attorney (POA) has been granted for account operations, a recent passport size photo and a proof of address should be submitted with the POA agreement

6.List of beneficial owners holding more than 25% in the company either directly or indirectly

7.Proof of the company’s address (Electricity, water or telephone)

8.Business license and tax certificate

9.Valid national ID or passport of the persons authorized to represent the company (the signatories) + passport sized photos.

10.Proof of address of the persons authorized to represent the company (the signatories) residing in Djibouti (Electricity, water or telephone bill)

11.Financial statements of last 3 years
Limited Liability Company (LLC)

Limited Liability Company (LLC)

1.Certificate of registration

2.Memorandum of Association (MoA) or Articles of Association (AoA)

3.Updated list of directors or partners

4.In case of Power of attorney (POA) has been granted for account operations, a recent passport size photo and a proof of address should be submitted with the POA agreement

5.List of beneficial owners holding more than 15% in the company either directly or indirectly (on letterhead)

6.Proof of the company’s address (Electricity, water or telephone)

7.Copy of Trading License and Patent

8.Valid national ID or passport of the persons authorized to represent the company (the signatories) + passport sized photos.

9.Proof of residential Djibouti address of the persons authorized to represent the company (the signatories) (Electricity, water or telephone bill)

10.Financial statements of last 3 years
FZCO & FZE (Free Zone Company & Free Zone Enterprise)

FZCO & FZE (Free Zone Company & Free Zone Enterprise)

1.Memorandum of Association (MoA) or Articles of Associations (AoA)

2.Updated list of Directors and their powers

3.Board Resolution (BR)

4.In case of Power of attorney (POA) has been granted for account operations, a recent passport size photo and a proof of address should be submitted with the POA agreement

5.List of beneficial owners holding more than 15% in the company either directly or indirectly (On letterhead)

6.Proof of the company’s address (Electricity, water or telephone utility bill)

7.Copy of Trading License; Registration or Patent

8.Valid national ID or passport of the persons authorised to represent the company (the signatories)

9.A valid passport sized photos of the persons authorised to represent the company

10.Proof of address of the persons authorised to represent the company (the signatories) residing in Djibouti (Electricity, water or telephone utility bill)

11.Financial statements of last 3 years

Simplify your business banking and save on fees. This account is perfect option for sole proprietors and businesses looking for.

Features of financial solution

We deliver a personalized and hassle-free banking experience that the way you want.

Banking services

When you bank with us, you gain access to a full suite of offerings that are tailored to your needs and goals.

Currently,we provide DJF & USD Current (Transaction) A/C & Term Deposit.

A/C Opening

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Currently,we provide DJF & USD Checks,for domestic use in Djibouti only.

Checks

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Domestic payments & Transfers only.

Payments & Transfers

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Cash Deposit & Withdrawal,DJF/USD Currency Exchange.

Cash Services

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DJF/USD Cash Exchange,DJF/USD AC-AC Exchange.

Currency Exchange

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Currently,we provide USD Intemational Transfers/Remittances.

International Transfers/

Remittances

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Everything you need to know about your account

Get the full terms and agreements and learn what you need to apply.

Deposit Account Agreement (PDF, 451 KB)

Business Checklist: What you need to apply (PDF, 217 KB)

Current Account(Transaction Account)

Cash Deposit & Withdrawal

You can use SIB savings account, current account and foreign currency savings account for funds disbursement and withdrawal.

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Currency Exchange

We can trade and secure foreign exchange deals online, and also get official Forex quotes from us. you can take advantage of investment opportunities and gain potential returns when the market goes up.

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Checks & Local Transfers

Can be used for transfer funds to the account in the card, transfer funds to other accounts of the card issuing bank, or transfer funds to other member banks account.

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International Remittances/Transfers

SIB international remittances services are fast, convenient with low fees. All FX remittances are safely credited into beneficiary accounts so as to earn you a high reputation among your trading partners.

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Loan Services

Loans are granted to customer to satisfy temporary or seasonal fund needs to ensure their normal production and business activities.

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POS Billing & Settlement

With the support of various payment methods in a secure way, it allows merchants to handle day-to-day operation such as receive, refund and reconcile payments with ease.

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