Regulatory Alerts2023-07-12
Added · Updated
Central Bank of Libya Circular 2019/01: Prudential Rules for Pricing Banking Services
The Central Bank of Libya imposes maximum fee and commission caps on basic retail banking services, including account opening, management, check issuance, electronic payments, and card services, as detailed in the attached schedule. Banks are required to apply principles of fairness and transparency, publish their fee schedules publicly, and submit their updated 2019 fee lists for individuals and companies by mid-February 2019. The circular also mandates the submission of electronic links to fee schedules before the end of the first quarter of each year and repeals the international card issuance commission provision from Circular 2018/02.
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