Exclusive: Following Jumhouria Bank’s Lead, Central Bank Reveals Other Banks Deducting Commissions and Announces Punishments
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The Central Bank of Libya exclusively confirmed to our source that, following Jumhouria Bank, other banks have committed violations by deducting commissions from customers without justification…
Exclusive: LPTIC Suspends Contract with Cell Libya, Describes It as Unfair After Causing Losses of 400 Million Dinars
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Our source has exclusively obtained a letter from the Chairman of the Board of the Libyan LPTIC Holding Company, in which he instructed its subsidiaries — Almadar, Libyana, and LTT — to suspend the…
Exclusive.. Central Bank Instructs Commercial Banks to Take All Necessary Measures to Postpone Deduction of Any Installments from Bank Customers During the Current Month of May
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Our source has exclusively obtained a correspondence from the Central Bank of Libya regarding its instruction to banks to take all necessary measures to postpone the deduction of any installments re…
Exclusive.. Valued at 18.2 Million: Central Bank of Libya Instructs Jumhouria Bank to Refund Commissions on Each Purchase Made with Local Cards
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Our source has exclusively obtained a correspondence from the Central Bank of Libya, in which it addressed Jumhouria Bank regarding the refund of commissions collected—one dinar per purchase—using l…
Exclusive.. Central Bank Extends Official Working Hours at Bank Branches and Calls for Increasing Service Windows and Sufficient Number of Tellers at Branches and Agencies
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Our source has exclusively obtained a circular from the Central Bank of Libya, in which it announced the extension of official working hours at bank branches on the occasion of the upcoming Eid al-A…
Exclusive: Central Bank Circulates Instructions to Banks on Reducing POS Commission to 0.5%
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Our source has exclusively obtained a circular from the Central Bank of Libya in which it instructed banks to reduce the commission rate on Point of Sale (P.O.S) transactions.
The commission shal…