Banking accounts

Current accounts

The overriding idea that preoccupied the bank was the introduction of the new and the modern banking services to accelerate the economic growth by achieving fast, time saving services and simplifying the procedures as far as possible, only to provide the services to its customers.
Opening current account is the first remarkable service in:

• Libyan Dinar.
• Foreign Currency.

Opening current accounts in our bank is the most ease and expediency by competent staff with this service the customer can conducting all the transactions through the Swift ,as system our bank is proud of the first to acquire and utilize for the fast and accurate processing of transfers.
To provide the variety of the fast and smooth services related accounts without the inconvenience of crowding or waiting; enterprise accounts is separated from individual accounts.

Required documents to open an account;

• Individuals:
1. A copy of Identity.
2. (2) personal photos.
• Public sector companies:
1. Establishment Decree.
2. Establishment company contract.
3. Commercail Registration Certificate.
4. Names of representatives, enclosed identity and personal photos.
5. Resolution of representation.
6. The decree of related committee.
• Partnership and joint stock companies;
1. Establishment's License from related committee.
2. Establishment's contract.
3. Commercial Registration Certificate.
4. Names of representatives, enclosed identity and personal photos.
5. The basic regulations of company.
6. License for operating  of activities.
• Foreign Companies:
The bank offers opening accounts service for foreign companies in accordance with the Secretary of the General People's committee Decree number (263) for the year (1430) concerning administrative contracts
and the following documents are required;
1. License for operating of activities.
2. Establishment's contract (translated) and certified in our embassy.
3. Commercial Registration and Commercial Chamber Certificate issued abroad.
4. Commercial Registration and Commercial Chamber Certificate issued in Libya.
5. Resolutions of Broad of Directors (translated) and issued abroad.
6. Name's of the bank dealing with the company.
7. Names of representatives, enclosed identity and personal photos.
8. The basic regulations of company.

 SAVING ACCOUNTS FOR ELDERS

To keep money and funds at home causes many risks day after day either by drawing or to be stolen or fire of any other causes so when you deposit your funds what’s over the quantity in the bank saving account you keep yourself away from the goast of decreasation if it’s deposited in BANK OF COMMERCE AND DEVELOPMENT not only to be your and others money guard but the bank will invest these funds in several investment projects by supplying the credit projects to grant loans and facilities to the projects of productions and service’s in the same time the funds still owned by its owners could be recovered at any time to open saving accounts as follows:

• Saving accounts without interest.
• Saving account with interest 5 or 6% P.A
• From LYD 1 to LYD 20,000 with interest 6% Per Annum
• From LYD 20,001 to 100,000 with interest 5% Per Annum
• Over LYD 100,000 no interest.

CHILDREN SAVING ACCOUNTS

The bank is aiming to a project that seeks the banking opinion between the small children to practice them in planning of their small budgets, and to determine a part of it whatsoever it was few to be deposited at the saving account.

Development of the baby bal