The Bank of Commerce and Development was founded in Libya in 1996 and has
its head office situated in Benghazi. The BCD provides extensive banking
services and products throughout the country of Libya. The organisation can
offer numerous products such as savings accounts and current accounts and credit
services. The Bank of Commerce and Development is also pleased to offer various
types of loans to fund all sorts of projects that require financial investment.
This includes projects in the fields of tourism, agriculture and industry in
The bank can provide a range of credit cards, travellers cheques, letters of guarantee processing, letters of credit, safe deposit boxes, foreign currency accounts and online banking. By the end of 2009 the Bank of Commerce and Development had sixty ATMs and 134 POS machines in a range of hotels and other outlets throughout Libya.
Why Choose The Bank Of Commerce And Development?
The Bank of Commerce and Development is pleased to provide the following range of services for their customers:
Telephone banking in all branches as well as at bank agencies.
Travellers cheques in Libyan Dinars.
Reputable credit cards that can guarantee your cheque payments.
Special savings accounts for children of all ages.
The ability to transfer money between branches by fax and telex
The ability to open foreign currency accounts, both for businesses and for individuals.
A drive in banking service.
Effective communication between the main branch and agencies through an antenna network.
A range of other standard banking services and operations.
The History Of The Bank Of Commerce And Development
A Joint Stock Libyan Company
The Bank of Commerce and Development was established in accordance with Statute number (1) 1993 and its amendments on banks, money and credit as follows:
The Secretary of the General People's Committee for Planning and Finance Decree number (234) 1993.
The Secretary of the General Committee for Planning, Economy and Trade Decree number (529) 1994.
Commercial Registration number (9515) dated 09/11/1995.
The Bank opened officially for business on 09/06/1996.
Member of the Union of Arab Banks as of 01/05/1996.
Member of the Society of Libyan Banks as of 10/08/1996.
Member of the Union of Magreb Banks as of 30/05/1998.
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