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As of 2004, the bank had current assets worth 7,200 million Libyan dinars and non-current assets worth 4,746 million Libyan dinars. The current liabilities of the bank were 8,107 million Libyan dinars, while the non-current liabilities were 3,425 million Libyan dinars. The share capital reserve stood
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placed LAFB at number ten for Africa as a whole and fourth in the North Africa region. They went on to say that the ranking of the Libyan
Foreign Bank may actually be understated, given that the most up-to-date figures available for the bank were two years older than those of many of its North
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LFB provides services and operations to facilitate international trade, money flows for investment and payment, and loans to government and official institutions as well as to the private sectors. Its international services comprise insurance and confirmation of letters of credit, creation of
230:, (Morocco). Italy is represented by some of the major domestic banking groups – UniCredit (11%), Intesa Sanpaolo (2%) – in addition to three industrial and non-industrial corporations – ENI Group (through Eni Adfin, 59%), Telecom Italia (2%) and Sansedoni Siena (4%).</ref>
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placed Banca UBAE under special administration following the
European Council's decision to freeze Libyan banking assets. The intent was to ensure that the bank could continue to operate normally, and in conformity with international policies.</ref>
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The other foreign banks with an ownership interest in Banca UBAE (Unione delle Banche Arabe ed
Europee) are Banque Centrale Populaire (56%) and Banque Marocaine du Commerce Extérieur (4%), both of which are based in
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at 416 million Libyan dinars. The bank had many Arab banks like Arab
International Bank Cairo, Arab Libyan Tunisian Bank as its subsidiary or associated companies.
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as Libyan Arab
Foreign Bank; it was renamed Libyan Foreign Bank in 2005. It was Libya's first offshore banking institution licensed to operate internationally. The
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African rivals. It offers corporate banking services like offering short, medium, syndicate and long-term loans.
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Alubaf
International Bank is a subsidiary. Its Tunisia branch was named in three rounds of U.S. sanctions.
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330:"Libyans Who Looted Gaddafi's Graft-Ridden Development Fund Banked at Credit Suisse"
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Muhammad Ali Al-Darrat (Chairman), KHALED AMRO ALGONSEL (General
Manager)
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British Arab
Commercial Bank (BABC), Banque commerciale du Niger ,
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owns 100% of LFB. The head office is located in Libya's capital
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Socialist People's Libyan Arab
Jamahiriya: Statistical Appendix
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67:
188:, and supply of foreign exchange. In its 2007 ranking of
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434:, Social & Economic Development Group: MENA Region
276:"Bank of Italy moves on UBAE over Libya asset freeze"
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298:"Italy puts Libya bank under special administration"
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358:. International Monetary Fund. 2005. p. 32.
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372:Major Companies of the Arab World 1991/92
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431:Libyan Arab Jamahiriya: Economic Report
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254:"Company overview Libya Foreign Bank"
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63:Dat El Imad Administrative Complex
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415:Energy Information Administration
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166:Since 2010, the bank owns 84% of
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375:. G. C. Bricault. p. 333.
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420:Libya: Country Analysis Brief
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318:African Business (2007) p.22
300:. Asian Times. 14 March 2011
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137:www.lfb.ly / www.lafbank.ly
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369:Bricault, G. C. (2012).
278:. Reuters. 14 March 2011
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190:Africa's Top 100 Banks
157:Central Bank of Libya
117:Central Bank of Libya
21:المصرف الليبي الخارجي
145:Libyan Foreign Bank
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124:Subsidiaries
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445:The Banker
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456:Categories
426:World Bank
339:2022-03-06
228:Casablanca
179:Operations
76:Key people
238:Citations
428:(2006),
85:Services
38:Industry
417:(2007)
328:OCCRP.
161:Tripoli
149:Tripoli
133:Website
106:Unknown
95:Revenue
61:Tripoli
48:Founded
42:Finance
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112:Parent
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334:OCCRP
213:Notes
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68:Libya
377:ISBN
306:2016
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51:1972
104:USD
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