Wahda Bank

What Wahda Bank does

Wahda Bank (مصرف الوحدة), legally Al-Wahda Bank, is a private Libyan joint-stock commercial bank incorporated under Law No. 153 of 1970 and headquartered in Benghazi, with paid-in capital of 1.6 billion Libyan Dinars. The bank operates one of the widest physical branch networks in Libya, with 76+ branches and agencies spanning Tripoli, Benghazi, Misrata, Sabha, Tobruk, Derna, Sirte, and remote southern and frontier locations, plus an extensive ATM network. It runs both conventional and Sharia-compliant (Islamic) banking through dedicated Islamic branches in Benghazi and Tripoli, and serves government-linked entities via agencies at the National Oil Corporation and Marine Studies Academy.

The bank's product and technology stack centers on three digital channels: Wahda Mobile (iOS/Android app plus SMS/USSD banking on shortcode 10110) for retail customers; Al-Wahda Online for general internet banking; and Wahda.net.ly for corporate clients, built on Oracle Banking Digital Channels (OBDX) and supporting payroll disbursement, multi-transfers, and approval workflows. Supporting services include Mobi Cash mobile payments (merchant and consumer apps), cardless ATM withdrawals, QR-code peer transfers, WhatsApp banking (Wahda Whats), and a health-payments service (Wahda Sahati). The bank is a SWIFT network member (since 2010), the first African bank to achieve ISO 27001 for SWIFT operations (Jan 2023, renewed Feb 2024), and holds ISO 9001 and PCI DSS certifications.

Wahda Bank generates revenue through a conventional commercial banking model: net interest income from lending and deposits, transaction and service fees across ATM, transfer, and account services, Sharia-compliant Murabaha and Islamic finance product spreads, commissions on foreign exchange and SWIFT international wire transfers, and digital channel subscription and merchant payment processing fees. GTM motion combines branch-led retail and corporate distribution with multi-channel digital self-service; pricing is not publicly disclosed except for a 50 Libyan Dinar one-time Product 218 account opening fee. The bank maintains 23+ correspondent banking relationships for cross-border services.

Name

Wahda Bank

Legal name

Al-Wahda Bank (مصرف الوحدة)

Website

https://wahdabank.com.ly

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wahda Bank is a Libyan private joint-stock commercial bank founded in 1970, operating 76+ branches across Libya with conventional and Islamic banking services. It delivers retail, corporate, and government banking through SWIFT-linked digital channels including Wahda Mobile, Mobi Cash, and Oracle-based corporate banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Commercial banking services
• Retail banking products
• Corporate banking solutions
• Islamic banking services
• Mobile payment platform

Headquarters

HQ city

Benghazi

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking interest income from lending products and deposits. The bank operates as a conventional commercial bank.
2. Islamic Finance Products: Murabaha (Islamic financing) and other Sharia-compliant banking products offered through dedicated Islamic banking branches in Benghazi and Tripoli. The bank serves both conventional and Islamic banking customers.
3. Transaction and Service Fees: Fees from ATM withdrawals, transfers, account services, and other banking transactions. The bank operates extensive ATM network and branch services generating transaction-based revenue.
4. Digital Banking Services: Revenue from mobile banking services (Mobi Cash, Wahda Mobile app), online banking subscriptions, and digital payment processing for merchants.
5. Commission Income: Commission from foreign exchange transactions, international wire transfers via SWIFT network, and currency exchange services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Wahda Bank is a Libyan commercial bank that delivers retail and corporate banking services through 76+ branches, an ATM network, and digital channels. It offers current and savings accounts, fund transfers, currency exchange, prepaid cards, payroll processing, Islamic (Murabaha) financing, and a dedicated corporate internet banking platform built on Oracle OBDX. Digital services include the Al-Wahda Mobile app (iOS/Android), USSD/SMS banking, the Mobi Cash mobile payment service, and cardless ATM withdrawals.

Product overview

Wahda Bank operates a diversified banking product portfolio centered on three core digital channels: Al-Wahda Mobile (mobile and SMS banking app), Al-Wahda Online (internet banking), and Wahda.net.ly (corporate banking platform built on Oracle OBDX). Supporting these are specialized services including Mobi Cash for mobile payments, Al-Wahda WhatsApp and Health services, and a network of 76+ branches and ATM locations across Libya. The bank also offers Islamic banking branches, correspondent banking relationships, and product offerings like Account 218 for electronic services.

Differentiator

Problem solved

Functional benefit

Brands

• Mobikash (موبي كاش): Mobile payment service that enables customers to pay for purchases and bills by transferring money from their bank account to the merchant or service provider.
• Wahda Mobile (الوحدة موبايل)

Products and services

• Mobi Cash (موبي كاش)
• Al-Wahda Mobile (الوحدة موبايل)
• Al-Wahda Online (الوحدة اونلاين)
• Wahda.net.ly Corporate Banking Service (خدمة الوحدة بنك)
• Product 218 Bank Account
• ATM Network
• Islamic Banking Services (الفروع الإسلامية)
• Correspondent Banking Network

Quantifiable outcome

• First African bank to obtain ISO 27001 certification for SWIFT operations management
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

One partnership is on record.

• Oracle Banking Digital Banking (OBDX)coreTechnology or IntegrationThe bank uses Oracle Banking Digital Banking platform for its corporate online banking services, enabling payroll processing, multi-transfers, and authorization workflow systems.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Jumhouria Bank (Bank of Commerce and Development): One of Libya's largest state-owned commercial banks, offering retail, corporate, and Islamic banking across an extensive branch network. Directly comparable to Wahda Bank in geography, customer base (Libyan retail and corporate), and dual conventional-Islamic offering.
• Bank of Tripoli: Major Libyan commercial bank with broad retail and corporate banking services and a national branch footprint. Direct competitor to Wahda Bank in the Libyan commercial banking market, with similar deposit-taking and lending business model.
• Sahara Bank (Banque du Sahara / Libyan Sahara Bank): Libyan commercial bank offering personal, corporate, and Islamic banking services through a nationwide branch network. Closely comparable to Wahda Bank as a fellow Libyan universal bank with similar product breadth and customer segments.
• Libyan Foreign Bank: State-owned Libyan bank focused on international and trade finance, operating correspondent banking and treasury services. Overlaps with Wahda Bank in cross-border transaction banking and corporate/government banking flows.
• Al Baraka Bank Libya: Libyan subsidiary of Al Baraka Banking Group focused on Islamic banking products including Murabaha, Ijara, and Musharaka. Directly comparable to Wahda Bank's Islamic banking branches in offering Shariah-compliant retail and commercial finance.
• Bank of Libya (Trade Bank of Libya): Libyan state-owned bank focused on trade finance and government-related banking transactions. Comparable to Wahda Bank in serving government entities (e.g., National Oil Corporation) and providing corporate/transaction banking in Libya.

Broad incumbents

• Attijariwafa Bank: Leading Moroccan-North African banking group with extensive retail, corporate, and Islamic banking operations across MENA. Broadly comparable to Wahda Bank as a large North African universal bank, though with significantly broader geographic reach.
• Banque Populaire du Maroc: Major Moroccan cooperative bank with nationwide branch network and digital banking services. Comparable as a North African incumbent with hybrid physical-digital distribution and broad retail/corporate coverage.

Regional players

• Banque Extérieure d'Algérie (BEA): Algerian state-owned commercial bank with strong corporate and trade finance franchise. Comparable as a fellow Maghreb state-linked commercial bank with similar correspondent banking relationships and corporate customer profile.
• Arab Banking Corporation (Bank ABC): Bahrain-headquartered MENA wholesale and correspondent bank. Wahda Bank lists Bank ABC (Manama) as a direct correspondent, making it both a partner and a comparable regional bank in cross-border transaction services.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/alwahdabank
• YouTubeyoutube.com/@alwahdabank
• Facebookfacebook.com/alwahdabank
• LinkedInlinkedin.com/company/linkedin.com-company-wahdabank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wahda Bank