Libya needs an efficient and secure banking infrastructure, says Jumhouria Bank

2013-08-12 44

Marcopolis.net Video Interview with Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya, also available here http://www.marcopolis.net/banking-infrastructure-in-libya-building-an-efficient-and-secure-banking-infrastructure-1805.htm

One of the main challenges in Libyan banking system is the banking infrastructure. For a country to effectively attract foreign investment and boost domestic economic growth, a sound banking infrastructure is a must.

According to Ahmed Rajab, "This is the major problem for the banking sector and not just the banking sector, but for the government itself and any company or ministry. Unfortunately, we have a lack of proper communication in the country itself. I joined the bank just one year ago and unfortunately when I came here, most of the problems stemmed from the core banking system which caused problems on a daily basis. We also faced daily problems with our customers who think the failure was on our side, but unfortunately it is out of our control because it’s related to the poor communications system in Libya."

To read the full transcript of the MarcoPolis interview with Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya, visit Marcopolis.net http://www.marcopolis.net/jumhouria-bank-leading-the-libyan-banking-space-maintaining-top-position-3005.htm