Libya’s first Digital Bank can go on to become a regional giant like Brazil’s Nubank, Jamal Abdel Malek, its founder said. He was speaking exclusively to Libya Herald at the Libyan Banking Sector Development Forum 8 to 9 November in Tunis. A respected Libyan banking pioneerA respected pioneering Libyan banker, Abdel Malik was until very recently chairman of the (Libyan) Bank of Commerce and Development (BCD). LD 200 million capitalAbdel Malik announced the creation of the Libyan Digital Bank on 1 October. Nubank, which Abdel Malik referred to as the example of his new digital bank, is headquartered in Sao Paulo, Brazil.

Source: Libya Today November 14, 2022 19:33 UTC