The Libyan banking expert, Jamal Abdelmalek, announced the establishment of the first Libyan digital bank under the name (Libyan Digital Bank), with a capital of 200 million dinars, based on a request submitted by him and a number of investors.

The digital bank is considered the launch of a new banking phase in Libya, which keeps pace with the global community in the banking and financial economy, and lays the foundation stone for the launch of digital banks and the promotion of digital transformation in banking services, sustainability standards and the future economy, according to the (Arab Banks) website.

In addition to banking facilities, the bank's customers can benefit from the services of obtaining communication cards, paying bills and all electronic payment services through the various bank cards of the bank, or through the special electronic application, and other traditional banking services quickly and easily.

The presence of the pioneer of the Libyan banking sector, Jamal Abdel-Malik, at the head of the new digital bank, enhances the chances of success and leadership in the digital banking sector, as Abdel-Malik is considered a pioneer and godfather of many initiatives in the Libyan banking sector, as he was the first founder of private banks, which opened the door for the launch of banks. The Libyan private sector and its expansion since 1995, and other economic sectors that are characterized by modernity, innovation and entrepreneurship.

The digital bank enables its customers to open bank accounts, create financial portfolios, and transfer and receive funds, without the need to visit bank branches. From anywhere at any time, with the availability of periodic reports, studies and guiding plans in the areas of business administration.

The launch of the Libyan Digital Bank constitutes a new horizon for the business sector, and a modern vision that keeps pace with global changes, which falls within the strategy of strengthening the economy and growth, and ambitious visions to restore Libya to its pivotal economic role in the region and the world, through diversifying the economy, relying on modernity, and investing in high economic capabilities in advancing progress. Economic and entrepreneurship, and the economy of the future.