Banking & Finance

07-01-2014
Libya's embryonic stock market continued to see threadbare trading in 2013, with its main index falling 18% and several banking stocks losing more than a third of their value.
06-01-2014
Reserves held by the Central Bank of Libya (CBL) remained largely stable by the end of October, despite plummeting oil revenues, although foreign currency reserves had dropped back to January levels.
02-01-2014
The Central Bank of Libya (CBL) held a 30 December meeting with representatives of commercial banks to review progress in the sector's transition towards sharia compliance.
02-01-2014
The country's biggest insurer said it generated a LD10.5m ($8.4m) profit in 2012, more than double 2011 levels.
30-12-2013
Minister of Economy Mustafa Abu Fanas says a new regulatory body for the Libyan Stock Market (LSM) has started work.
27-12-2013
The Central Bank of Libya (CBL) says it has started the process of joining the European Bank for Reconstruction and Development (EBRD), with whom it has held talks on several occasions in 2013.
20-12-2013
The Central Bank of Libya (CBL) has issued a reminder that it will not accept any old LD20 ($16) notes after 30 December.
19-12-2013
The bank's new general manager told the Libya Monitor that the relationship with Arab Bank, which owns a 19% stake in the Libyan lender, faces “no problems” and denies comments attributed to him in a Central Bank of Libya (CBL) publication.
16-12-2013
Wahda Bank's new general manager has been quoted as saying that the relationship with Jordan's Arab Bank, which owns a 19% stake in the Libyan lender, is "very unlikely" to continue.
05-12-2013
Bandits attacked a van travelling from Sebha to Ubari, in southwest Libya, stealing LD2.3m ($1.8m).
04-12-2013
The Central Bank of Libya has issued a statement denying comments attributed to the deputy governor about using $7bn (LD9bn) of its reserves to support state spending.
02-12-2013
The Libyan Stock Market (LSM) held its general meeting on 29 November, announcing a number of changes to management.
21-11-2013
A senior official from the Central Bank of Libya (CBL) has repeated previously-announced plans to issue three Islamic bank licenses to local firms next year.
14-11-2013
Data on the number and value of cheques cleared show the variations in business activity between some of Libya's main cities, with Tripoli accounting for around two-third of the total.
14-11-2013
The Central Bank of Libya (CBL) has fined four Libyan banks, one for the irregular sale of foreign currency and three for “improper documentation”.