The Administrative Control Authority (ACA) has revealed a number of violations in the performance of the Savings and Real Estate Investment Bank, describing them as dangerous to the status of the bank.
In a statement, the ACA revealed that the bank suffered consecutive losses of 126 million dinars between 2013 and 2016, while its expenses in the last three years reached 152 million Libyan dinars.
It added that the bank violated the provisions of the commercial activity law so that there was no budget for the final accounts since 2014, confirming that it addressed the Presidential Council and the President of the General Assembly of the bank to take necessary measures against these abuses.
Economy
