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Tag: jumhouria bank

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.