Financial and Banking News
REGIONAL BANKING
LAFB Profits Fall 14%
Profits of the state-owned Libyan Arab Foreign Bank (LAFB) dropped 14% last year to LD8.5mn ($27mn), which, following the trend of recent years, was exclusively earned by the bank's commercial banking department. LAFB also runs a development department which is concerned with aid-related loans and investments in developing countries, particularly in Africa, but this side of its activities has not grown in recent years...
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