Today, Tuesday, the Research and Statistics Department of the Central Bank of Libya published its quarterly report on the most important financial data and indicators for commercial banks for the third quarter of this year 2022, as the total assets of commercial banks, excluding regular accounts, increased from 142.4 billion dinars at the end of the third quarter 2021 to about 144.0 billion dinars in The end of the third quarter of the current year 2022, which means a growth rate of 1.1%, and the liquid assets amounting to 93.4 billion dinars accounted for 64.8% of the total assets.
The report published by the Research Department stated that the total deposits of commercial banks under the request and certificates of deposit with the Central Bank, including the mandatory reserve, decreased from about 83.2 billion dinars at the end of the third quarter of 2021 to about 79.9 billion dinars at the end of the third quarter of this year, which means a rate of 4.0 %, and the total balance of loans and facilities granted by commercial banks increased from 18.2 billion dinars at the end of last year, to 21.6 billion dinars at the end of this year, that represents a growth rate of 18.8%, and loans and credit facilities granted accounted for 22.0 percent of the total deposit liabilities, and accounted for 15.0% of the total assets.
According to the research department’s report on total customer deposits with commercial banks 2012, the third spring of 2022, the total property rights in commercial banks increased from 7.3 billion dinars at the end of the third quarter 2021 to 8.7 billion dinars at the end of the third quarter 2022, at a rate of 19.1%. As the profits of these banks decreased before deducting provisions and taxes during the first nine months of this year, by 28.8 million dinars, or an average of 3.0%, to reach 940.1 million dinars compared to what they were last year, which recorded about 968.8 million dinars.
As the number of banks operating in Libya reached 20, including the Libyan Dinar unit of the Libyan Foreign Bank until the end of the third quarter of this year, these banks operate through 580 branches and banking agencies.