Posts Tagged ‘LFB’

Libyan Foreign Bank explains profits of recent years in black and white

  • 30 August 2018 - 22:28
Libyan Foreign Bank explains profits of recent years in black and white

  The Libyan Foreign Bank (LFB) has gained massive profits amid the crises and financial as well as economic unrest in Libya over the last few years, a report by the LFB says.   The report that was presented by the LFB's General Director Mohammed Bin Yousif on a local...

Libyan writer accuses Tunisia of stealing Libyan Foreign Bank

  • 26 April 2018 - 18:16
Libyan writer accuses Tunisia of stealing Libyan Foreign Bank

Libyan writer Abdelrazzak Al-Dahesh published an article telling the Tunisian President, Beji Caid Essebsi, that the Libyan Foreign Bank money ($200 million) frozen by Tunisia is being used illicitly to boost Tunisia's economy. "The reason why the money is frozen is that a Tunisian crook...

Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  • 11 March 2018 - 15:30
Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  The Central Bank of Libya (CBL) has accused the Libyan Foreign Bank (LFB) of gambling with Libyans’ money, a letter issued by the CBL and obtained by Libyan Express shows.   The CBL said the LFB is investing abroad with bonds that are not legal and have weak...

Report: Billion-dollar Embezzled via the Libyan Foreign Bank

  • 7 March 2018 - 22:23
Report: Billion-dollar Embezzled via the Libyan Foreign Bank

United Nations panel of experts on Libya reported that 10 companies based in Tajoura - a Tripoli suburb - have received a billion dollars in illegal letters of credits from Jumhouria Bank. The report was based on details provided by some bank officials, revealing that there had been also threats...