The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, followed up, during a meeting with the Board of Directors of Jumhouria Bank, the Executive Management, the Control Authority and the External Auditor, the performance of commercial banks in improving their banking services and ensuring the implementation of the Central Bank of Libya’s strategy in expanding in the areas of electronic payment, digital transformation and strengthening financial inclusion in Libya.

In addition to a number of issues related to governance and the implementation of international standards and requirements to reduce and evaluate banking risks, increasing the capital of Jumhouria Bank according to international standards, and closing the final accounts of the bank.

During this meeting, the Council of the Bank presented its vision of raising the quality of banking services provided, implementing the electronic payment strategy for the year 2023, addressing the issue of suspensions and settlements, classifying the credit portfolio, addressing the situation of bad public sector indebtedness, agreeing to complete the closing of the bank’s final accounts for the year 2022, presenting a vision of an increase mechanism of the bank’s capital and holding the extraordinary and ordinary general assembly of the bank no later than the end of next August.