Banking System in Libya: Liquidity
Ahmed Rajab, General Manager of Jumhouria bank – the largest bank in Libya, discusses the liquidity issues in the banking system in Libya.
imported 2024-03-17 17:43:07
Ahmed Rajab, General Manager of Jumhouria bank – the largest bank in Libya, discusses the liquidity issues in the banking system in Libya.
The most important role of the banking sector is in Libya’s reconstruction. Many banks are currently lending or granting facilities to the contractors that have contracts with the government for construction.
Jumhouria is the number one bank in Libya. The creation of Jumhouria Bank was the result of a merger between Al Ummah Bank and Jumhouria Bank. Today, the bank has a total capital of about LYD 1 billion and total assets for 2012 of LYD 33 billion on balance sheet and about LYD 12 billion dinar off balance sheet for a total of about LYD 44 billion.
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