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Tag: jumhouria bank

Exclusive: Documents Reveal Central Bank Directs Jumhouria Bank to Suspend Letters of Credit for Al-Bashir Printing and Publishing Company

Written by Amira Cherni on . Posted in News. No Comments on Exclusive: Documents Reveal Central Bank Directs Jumhouria Bank to Suspend Letters of Credit for Al-Bashir Printing and Publishing Company

Our source obtained exclusively a copy of the Central Bank of Libya’s correspondence to Jumhouria Bank, stating that the Governor has issued instructions to suspend all letters of credit in favor of Al-Bashir Printing and Publishing Company.

This measure will remain in effect until the oversight authorities verify the validity of the procedures and provide the necessary approvals.

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Exclusive: Central Bank Governor Issues Instructions to Jumhouria Bank to Halt the Transaction of Al-Bashir Printing and Publishing Company

Written by Amira Cherni on . Posted in News. No Comments on Exclusive: Central Bank Governor Issues Instructions to Jumhouria Bank to Halt the Transaction of Al-Bashir Printing and Publishing Company

The Central Bank of Libya confirmed exclusively to our source that direct instructions were issued by Governor Naji Issa to Jumhouria Bank.

These instructions involve suspending the transaction of Al-Bashir Printing and Publishing Company—responsible for school textbooks—in order to conduct investigations to verify the validity of all procedures.

Exclusive: Jumhouria Bank Launches Promotional Campaign to Expand Electronic Payment Services

Written by Amira Cherni on . Posted in News. No Comments on Exclusive: Jumhouria Bank Launches Promotional Campaign to Expand Electronic Payment Services

Fawzi Al-Shuwaish, Marketing Director at Jumhouria Bank, told our source that the bank’s marketing department has begun implementing a promotional campaign aimed at expanding the provision of electronic payment services, in line with the instructions of the executive management and directives of the bank’s Board of Directors.

Al-Shuwaish explained that the campaign covers various Libyan cities and regions, targeting several key sectors, including private educational institutions, tax collection centers, service units, clinics, and retail shops.

He added that the number of point-of-sale (POS) devices has reached 24,000, while the subscribers to the “Masrafi Pay” and “Masrafi Business” services have exceeded 22,000. Meanwhile, the number of mobile banking service users has reached about 1.06 million.

Exclusive: Central Bank Begins Radical Reforms in Banking Administration… Dismisses General Manager of Jumhouria Bank After a Decade in Office

Written by Amira Cherni on . Posted in News. No Comments on Exclusive: Central Bank Begins Radical Reforms in Banking Administration… Dismisses General Manager of Jumhouria Bank After a Decade in Office

Banking sources have revealed that the Central Bank of Libya has initiated comprehensive reform steps within the administrations of commercial banks, starting with structural changes affecting a number of leadership positions — most notably, the replacement of the General Manager of Jumhouria Bank, who had held the position for over ten consecutive years.

According to the sources, the new governor, Naji Issa, appears determined to modernize the banking sector by introducing new personnel aimed at enhancing performance efficiency and improving the quality of services within the banks.

Exclusive: Following Jumhouria Bank’s Lead, Central Bank Reveals Other Banks Deducting Commissions and Announces Punishments

Written by Amira Cherni on . Posted in News. No Comments on Exclusive: Following Jumhouria Bank’s Lead, Central Bank Reveals Other Banks Deducting Commissions and Announces Punishments

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.

It added that these banks will be punished, the deducted commissions will be refunded to the customers, and their management will be suspended.

Exclusive.. Valued at 18.2 Million: Central Bank of Libya Instructs Jumhouria Bank to Refund Commissions on Each Purchase Made with Local Cards

Written by Amira Cherni on . Posted in News. No Comments on Exclusive.. Valued at 18.2 Million: Central Bank of Libya Instructs Jumhouria Bank to Refund Commissions on Each Purchase Made with Local Cards

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 local cards at points of sale (POS), amounting to a total of 18.2 million dinars.

The Central Bank requested a detailed report confirming that the bank has refunded all commissions collected in violation of the relevant instructions, and to officially notify its customers through text messages and its social media pages.

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