CBL grants LD 5 bn loan to commercial banks to ease clearance and liquidity crisis

By Sami Zaptia.

(Logo: Tripoli CBL).

London, 18 April 2021:

The Central Bank of Libya (CBL) granted Libyan commercial banks today a loan of LD 5 billion to help ease the bank clearance process and the country’s bank liquidity crisis. The grant was the second instalment.

The CBL made the announcement after CBL Governor Sadek El-Kaber held a meeting today morning in his office with several directors of departments in the Central Bank of Libya. The meeting was in the framework of following up on the conditions of commercial banks and to discuss and follow up several issues, the most important of which is the liquidity situation in commercial banks and clearing between bank branches.

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