Financial and Banking News
REGIONAL BANKING
LAFB Profits Increase
The Libyan Arab Foreign Bank (LAFB) last week released unaudited 1985 results which show a 2.9% increase in profits from $61.4mn to $63.2mn and a 13.6% increase in total assets (less Contras) to $2,983mn. Loans declined by 3.1% to $656mn while deposits increased from $2,117mn to $2,352mn.
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