By Sami Zaptia.
London, 26 October 2019:
Assaraya Trading and Investment Bank (ATIB), a leading private sector Libyan bank, opened its administrative headquarters for Libya’s eastern region and its Benghazi branch on Thursday. The Benghazi branch will begin operations from its new headquarters on Sunday.
The bank also announced the launch of its microfinance initiative, “Namaa Tamweel” (Growth Finance), through its Tripoli and Benghazi branches, which aims to provide financing to start-ups that need financial support for their establishment or expansion.
The micro finance institution was launched in collaboration with Expertise France and the UK government, which Expertise France says is the first of its kind in Libya.
ATIB also announced the establishment of a banking academy in cooperation with Libyan universities, led by Benghazi University, to train the best graduates of banking and financial disciplines and prepare them to support the Libyan banking sector.