VOL. XXXVII

NO. 16

17-JANUARY-1994

Financial and Banking News

Bank Results

Libyan Arab Foreign Bank Publishes Results For 1992/93

Libyan Arab Foreign Bank, which is wholly owned by the Government of Libya,reported a 26% increase in assets in the year to 31 March 1993. Its annualreport for the year shows that most of the growth was in short-term liabilitiesand short-term assets. The report shows that international loans accounted for36% of the investment portfolio, against 34% for certificates of...