The Central Bank of Libya (CBL) announced on Sunday that it granted the second instalment of a LD 5 billion loan to commercial banks in order to help ease the bank clearance process and the country’s bank liquidity crisis.
During Sunday’s meeting, the CBL Governor, Siddiq Al-Kabir, met with several directors of departments in the Central Bank of Libya.
The meeting covered the conditions of commercial banks, discussed and followed up several issues, the most important of which is the liquidity situation in commercial banks and clearing between bank branches.