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The
bank’s administration
has identified its main
objectives, which are achieved
by encouraging
public-savings and investing these savings in the
areas of economic development, to
contribute actively and distinguishably in
achieving the economic prosperity of the country by
granting monetary and promissory credits and other
various banking activities. This policy
has led to a
growth in the volume of transactions and thus
increased profitability to be for the interest of
shareholders. The bank also seeks to implement
highly efficient and effective special control
procedures in order to reduce credit risks, by
demanding the client to provide adequate
guarantees
and verifications of financial capacity and
efficiency before granting credits. |
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The bank
is founded
according to the license no.5ROC
7057-01, issued by
Companies Registry Office as a
private shareholding
company in 6-11-2007 with a capital worth of 50
billion Dinar paid up as 25 billion. The approval of the CBI
has come according to his
letter no. 9-3-136 in 14-1-2008 to grant
the banking license,
the bank has assumed its activities in 17-2-2008. |
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