Libya’s banking system on verge of collapse: Leading Libyan banker

By Sami Zaptia.

London, 10 July 2020:

Speaking during a Libyan British Business Council (LBBC) webinar Wednesday on Libya’s banking system, chairman of the private sector Libyan bank, Assaraya Trade and Investment Bank (ATIB), Naaman El Bouri warned that Libya’s banking system was on the verge of collapse if the political split status quo continues.

He admitted that Libya’s banks have not played a role in developing the country’s economy. He attributed this to the legacy of Qaddafi-era laws that restricted their role, such as the law that transferred ownership of . . .

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