By Sami Zaptia.
London, 30 August 2017:
The privately-owned Assaray Trade and Investment Bank (ATIB), more commonly referred to simply as the Assaray Bank, announced recently that it is to open a new branch in Benghazi.
Libya Herald (LH) took the opportunity to ask Muhanad Mangoush, Assaray Bank’s Head of Marketing, a series of quickfire questions about the bank.
(LH) When was Assaray Bank established?
Assaray Bank, formerly known as Tripoli National Bank (TNB), was established in 1997. In 2007 the bank’s name was changed to Assaray Trade & Investment Bank (ATIB).
(LH) What is the capital of Assaray Bank?
Currently 33 million Libyan Dinars. Assaray Bank is aiming to raise its capital to 100 million Libyan Dinars by the end of 2018.
(LH) What does Assaray Bank specialize in – private individuals or commercial customers?
Assaray Bank serves both private and commercial clients.
(LH) How many customers does Assaray Bank have?
13,000 individuals and 1,300 corporate clients.
(LH) Where does Assaray Bank stand in ranking amongst the private sector banks in Libya?
We are in the top 3 in terms of transformation and business development.
In the top 5 in terms of services and products
In the top 10 in terms of capital, assets and deposits.
(LH) How many branches does Assaray Bank have and where are they located?
Assaray Bank has 4 branches; 3 in Tripoli and 1 in Benghazi.
Nevertheless, Assaray Bank is investing in ePayments and digital banking. Assaray Bank is targeting to be number 1 in the region in terms of digital banking reach.
(LH) Does Assaray Bank have a development plan? And if yes, what is it?
To be Libya’s first Bank in terms of services, quality and products. To reach 1 billion Libyan Dinars in deposits
To be the employer of choice.
To be at the forefront of technological innovation in the banking sector (FinTech)
Assaray Bank development plan covers the following;
Recruit the best talent in the market to offer quality services to our customers;
Attract senior and experienced bankers in both Retail and Corporate;
Invest in technologies and digital services especially in Retail Banking;
Develop and offer new products;
Offer training programs to our employees;