The international summit organized by the Union of Arab Banks is being held in Rome
During the period from 25th to 27th of June 2019 Under the title of:
Mediterranean (Arab - European) discussions for a better economic zone
. During this summit, Mr. Jamal Al Tayeb ABDELMALEK was awarded the Golden Achievement Award in honor and appreciation of his highly successful contributions during his career in economic and banking field raising the overall level of the banking sector in Libya.
It is worth mentioning that Professor (Jamal Al-Tayeb Abdul Malik) is the founder and chairman of the Board of Directors of the Bank of Commerce and Development and some other institutions, for example:
• Founder and creator of the airline Barneyk.
• Founder and owner of the idea of establishing Wasel Libyan Transport Company.
BANK OF COMMERCE AND DEVELOPMENT SIGNS FINASTRA FOR DIGITAL TRANSFORMATION
08 Nov 2017
Move will power bank’s new online and mobile services in Libya
Islamic banking software will also open new revenue streams
Dubai, United Arab Emirates, 8 November 2017 – Bank of Commerce and Development (BCD) has signed Finastra to support its digital transformation and bring new banking services to consumers and businesses in Libya. FusionBanking Essence Digital Channels and FusionBanking Essence Teller will power digital payments and transactions to support easier access to online and mobile financial services in the region.
The bank will also roll out FusionBanking Essence Islamic, enabling it to build a new revenue stream in Islamic banking. The deal was signed today at Finastra Universe Dubai, the company’s flagship thought leadership conference in the region.
Jamal Abdelmalek, Chairman at BCD, said, “We’ve been working with Finastra for a long time and its technology has supported us as we’ve established ourselves as a leading bank in our region, despite the economic climate here in Libya. We’ve been able to grow and continued to operate our branches amidst a challenging backdrop and it is a logical step to build out our offering on technology which we trust. We are confident that deploying these Finastra solutions will support us as we continue to expand our business.”
Wissam Khoury, Managing Director MEA at Finastra, said, “There is a pressing demand for Islamic finance products and services in Libya, in line with the direction the local authorities are taking to fully support Shari’ah standards and principles. This transformational initiative at BCD will enable the bank to offer services in this space and ultimately add new business lines without needing to make additional changes to the technology platform put in place.”
The technology will enable BCD to roll out digital payments services for consumers and merchants, who will also be able to request and receive payments without having to exchange cash. Given the shortage of liquidity in Libya, this move will help the bank to support the economy and continue to grow. Meanwhile, FusionBanking Essence Islamic will provide pre-configured Shari’ah compliant products, ensuring rapid time-to-market and new revenue opportunities for BCD.
“Our work with BCD reaffirms our belief that the industry is undergoing a once in a generation technology shift, with digitalization being a key driver. Supporting banks to help them navigate this changing landscape and get the most out of their technology choices is our forte, even in the most challenging of economic environments like the one BCD finds itself in,” said Nadeem Syed, CEO at Finastra.
A longstanding customer, the bank is already using Finastra (FusionBanking Equation) to power its core banking system. It is also using FusionBanking Trade Innovation. Being able to plug in micro-services ensures the bank can create tailored services for local needs and ensures the platform serves as a future-proof base for ongoing, evolutionary expansion at BCD. [more]
BCD Is coming soon with new Smart Mobile App ranging all banking services.
BCD Mobile App For All Smartphones Running At Android And IOS
– Bank News
– Money Exchange
– Top-up Voucher Cards
– Madar – Libyana – Jeel Jadid – Land Line – Ltt
– Bill Payment
– Balance Inquiry
– Mini Account Statement
– Complete Account Statement
– Balance Transfer From Acc To Acc
– Balance Transfer From Bank To Bank
– Account Activity Alert
– Cheque Deposit
– Cheque Book Request
– Certified Cheque Print
– Top Up: Visa – Mastercard – American Express
– Card Balance Inquiry
– Card Statement
Bank Services for Visually Impaired People
Bank of Commerce & Development launched a new service aimed at visually impaired people to allow them to enjoy a wide variety of mobile bank services with the need to visit a branch.
The service will enable the user to:
Buy air time vouchers for: Almadar, Libyana, LTT, GPTC.
Pay the electricity bill
Pay Almadar Bill
All the services can be used 24/7 without the need to visit a branch.
Al Khoms Main Branch
Bank of Commerce & Development has opened Al Khoms Main Branch.
The new branch started to provide the bank customers with all bank services and the customers are able to deal with their accounts in all Bank of Commerce & Development branches and agencies through Al Khoms Main Branch.
Al Khoms Main Branch Address:
Mahalat Ben Johaa – near the Court.
Tel: 2621867 – 260579 – 2621780 – 2620776 -26221051
Tajoura Agency Opening Soon Soon, Bank of Commerce & Development will open Tajoura Agency, that will start dealing with customers by providing a complete Bank Services.
Launch of the WATABA Service (Beta2)
WATABA – Get to your account by using your mobile
Bank of commerce and development is pleased to announce the launch of the WATABA service, which has just completed its pilot phase successfully, and aims to provide an outstanding level of access to customers’ accounts.
This new service enables our customers to transfer money, pay bills, shop for goods using their mobile phone.
This service is based on USSD technology which can be considered as the safest and fastest technology in the world for mobile banking services.
The Advantages of WATABA
It doesn’t not require an advanced mobile device to use WATABA, the service works on all devices.
USSD does not require the mobile device to have credit; all USSD messages are free of charge.
USSD is a highly secured protocol, there is no information stored on the phone, or at the mobile provider.
With this service, Shopping and money transfer could be done immediately and at any time (24/7).
Transfer money from the customer account to any account in bank of commerce and development.
Transfer money from the customer account to cash.
Top up customer mobile directly from their bank account.
Buy prepaid cards for the following companies:
Madar mobile phone.
Libyana mobile phone.
Internet cards from Libya telecom & Technology.
Payments of electronic bills.
Payment of Zakat (Islamic charity).
Dealing Room will be launched soon Bank of Commerce & Development would like to announce that the board of directors in its last meeting on 17/6/2009 approved to establish the Dealing Room, which will start working soon.
Souq ElGuma Agency
Bank of Commerce & Development has opened Souq ElGuma Agency today.
The new agency start to provide the bank customers with all bank services and the customers are able to deal with their accounts in all Bank of Commerce & Development branches and agencies through Souq ElGuma Agency.
Souq ElGuma Agency Address:
Marada Street-Souq ElGuma – Tripoli
Tel: 2183513944 – 2183513946 – 2183513945
Derna Main Branch Soon, Bank of Commerce & Development will open Derna Main Branch, that will start dealing with customers by providing a complete Bank Services.
The American Ambassador to Libya has been received by chairman of Bank of Commerce & Development
The American Ambassador to Libya has been received by chairman of Bank of Commerce & Development in his office on Tuesday 24th Feb, 2009.
Mr. Chairman has expressed his valuation of the bilateral relations between the two countries and the importance to support it in all fields especially the economic field.
His Excellency has seen the up to date banking services of the bank and appreciated the achievements of the banking the banking sector. [More]
Transfer money via WESTERN UNION in your job site Bank of Commerce & Development has launched a new special service for foreign workers in companies and hospitals; where they can transfer money via WESTERN UNION at their job site. A dedicated bank employee will be available in your site to execute any money transfer you may require. For more information dial 218612240664
NEW Digital Certificate for Bank of Commerce & Development
Bank of Commerce & Development purchased a digital certificate provided by to encrypt data transferred between bank web servers and Online Banking Service Customers.
Company provides digital certificate to organizations enabling building a Secure Socket Layer or SSL to encrypt communication and protect data transferred between computers through unsafe networks such as the internet.
is one of the biggest companies that provides digital certificate to organizations to enable them to do business on the internet and to gain trust by displaying logo on their websites.
Bank of Commerce & Development is the first Libyan organization to own a digital certificate provided by .
Digital Certificate specifications:
Secure Site Pro with EV
True 128-bit Extended Validation SSL
Bank of Commerce and Development, first and largest private bank in Libya.
Bank of commerce and Development announces the completion of the target capital of 50 million Dinars, paid-up share capital. BCD has reached the milestone of being the first and largest private bank in Libya, with 2590 shareholders.
Board of Directors