Opportunities in Libya - Banking and Finance

Ongoing investment in Libya is driving expansion of banking assets: 36% year-on-year in April 2009. The banking sector is dominated by the Libyan Foreign Bank (LFB) and four state owned or controlled commercial banks (85% of assets).

Banking Law of 2005 established the Central Bank of Libya’s independence and role as regulator. At present, the CBL is cautiously reforming the banking sector.

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