Central Bank of Libya Circular Letter No. 3/2012 on Branch Operating Hours

Central Bank of Libya
P.O. Box: 1103. Telegram Address: Egypt - Libya, Tripoli, Libya

Reference: CBL 2/779

Circular Letter CBL No. (3/2012)
Date: 14 Safar 1433 AH
Corresponding to: January 09, 2012 AD

To: Chairmen of Temporary Administrative Committees of Commercial Banks To: General Managers of Commercial Banks To: Director General, Libyan Foreign Bank

Greetings,

In the exercise of its supervisory and monitoring role over commercial banks operating within Libya, and based on the provisions of Law No. (1) of 2005 regarding Banks, it has been observed that some commercial bank branches close their doors to the public during official working hours. This has compelled citizens to file complaints against these banks for failing to provide the required banking services at these branches, which constitutes a violation of existing legislation and instructions issued by the Central Bank of Libya on this matter.

Therefore, in pursuit of stability in banking transactions and to resolve the issues faced by citizens during their visits to bank branches, you are requested to notify your banks' branches of the necessity to strictly adhere to official working hours and comply with the instructions issued by the Central Bank of Libya on this matter, as well as to follow the regulations governing banking operations. Please note that strict measures will be taken against non-compliant banks, in implementation of the provisions of Law No. (1) of 2005 regarding Banks.

Peace, mercy of God and blessings be upon you,

Dr. Mohammed Abduljalil Abusneene
Director of the Banking and Currency Supervision Department

Copies to: The Governor
Copies to: The Deputy Governor
Copies to: Branch Managers of the Central Bank of Libya (Benghazi - Sabha - Sirte) Copies to: Banking Follow-up and Compliance Monitoring Department Copies to: Inspection Teams of the Banking and Currency Supervision Department

Phone: +218 21 3333591, Fax: +218 21 444 1488, www.cbl.gov.ly, SWIFT code: CBLJLYLX