The National Commercial Bank announced the completion of the process for crediting the child allowance for children under eighteen years of age to the accounts of beneficiaries. This pertains to the fourth quarter of the fiscal year 2025, covering the months of October, November, and December.
The bank clarified that these amounts were officially transferred from the Ministry of Social Affairs and were disbursed according to approved procedures to ensure they reach their eligible recipients across various branches.
The bank’s management confirmed that the deposit process was carried out smoothly and in alignment with the Ministry’s plans aimed at supporting Libyan families and alleviating their living burdens.
The bank also called on all beneficiaries to check their accounts to confirm receipt of the allowance, affirming its readiness to provide technical support and answer any inquiries through its branches and official channels.
National Commercial Bank
The National Commercial Bank (NCB) is a major financial institution in Saudi Arabia, founded in 1953. It is historically significant as the first bank established in the Kingdom and has played a central role in the country’s economic development.
Ministry of Social Affairs
The Ministry of Social Affairs is a government department typically responsible for social welfare, labor, and family services. Its history generally involves the formalization of state-led social protection systems, often emerging or expanding significantly in the 20th century alongside the development of the modern welfare state.
Libyan
Libya is a country in North Africa with a rich history that includes ancient Phoenician and Greek settlements, later Roman rule, and a significant period as part of the Ottoman Empire. In the modern era, it was an Italian colony before gaining independence in 1951, followed by the long rule of Muammar Gaddafi from 1969 until the 2011 revolution. Its cultural heritage features renowned classical sites like the ruins of Leptis Magna and Cyrene, both UNESCO World Heritage Sites.
