The Central Bank of Libya in Benghazi issued a detailed report concerning 2017 financial stability via the Bank’s Financial Stability Broad.
The report extensively covered the General State Budget, the balance of payments, the exchange rate, the general price level, as well as the development of the macroprudential regulation and systemic risk chapter with a diagnosis of the country’s financial stability.
The report of the Financial Stability Broad is based on data from the Central Bank of Tripoli and Benghazi, as well as sources of local, regional and international institutions.
The report also highlighted the domestic economy, banking sector and liquidity, as well as the state’s public finances and non-bank financial institutions during that period.
The report was divided into ten chapters, the first of which dealt with local economic developments, including the oil sector, inflation, financial and monetary policy, in addition to foreign trade, public debt, private sector and financial sector.
The second chapter covered the developments of the banking sector, its structure, quality indicators, efficiency and profitability, while the third chapter underlined the financial developments that had taken place during that period.
Chapter Four of the report examined banking supervision and its role in maintaining financial stability, while chapters Five and Six dealt with the developments in the banking sector and financial coverage.
Chapter Seven was allocated to the letters of credit system within the domestic market, while chapter Eight covered the analysis of the operational efficiency of the banking sector. Chapter Nine dealt with non-bank financial institutions.
In the last two Chapters, the report focused on macroprudential regulation, systemic risk, as well as on the state’s financial stability during the same period.