The Research Department of the Central Bank of Libya revealed that the total assets (excluding regular accounts) in the consolidated financial position increased from about 144 billion dinars at the end of the third quarter of 2022 to about 148.5 billion dinars at the end of the fourth quarter of 2022.

The Research Department stated that the total credit balance granted by banks increased from 19.6 billion dinars at the end of 2021 to about 23.0 billion dinars at the end of 2022, i.e. a growth rate of 17.0%, in addition to the fact that loans and credit facilities granted accounted for 22.5% of the total deposit liabilities, while it accounted for 15.5% of the total assets, and the balance of loans granted to the private sector at the end of 2022 amounted to 15.5 billion dinars, or 67.6% of the total loans and credit facilities granted, while the balance of loans granted to the public sector constituted the remaining 32.4% which amounted to about 7.5 billion dinars.

The Research Department confirmed that the cash balance in bank vaults in October 2022 amounted to about 3.5 billion dinars, and 3.8 billion dinars at the end of November, and in December the cash balance in bank vaults was about 2 billion dinars, explaining that the improvement is the result of banks’ regularity in selling foreign exchange for all purposes. Throughout the months of the year 2022.

The Research Department added that customer deposits with banks increased from 92.1 billion dinars at the end of 2021 to 102.1 billion dinars at the end of 2022, at a rate of 10.8%. Demand deposits accounted for 81.7% of the total deposits, while savings deposits constituted a percentage of only 0.3% of the total deposit.

The Research Department also clarified that private sector deposits at the end of 2022 amounted to 58.8 billion dinars, or 57.6% of the total deposits, while the balance of public and government sector deposits constituted the remaining percentage of 42.4%, or 43.3 billion dinars, of which 31.1 billion dinars are deposits for companies. and public sector institutions, and about 12.2 billion dinars in government deposits.