The Libyan Foreign Bank announced settling all of its accumulated losses before 2022, indicating that it had achieved net profits exceeding $440 million, after the necessary provisions were made to show the fair financial position of the bank.
According to a statement issued by the bank, its net profits exceeded $1.2 billion between 2022 and 2024.
Last August, the Libyan Foreign Bank's Management Committee revealed that the net profits during the years 2022 and 2023 amounted to $804 million.
Economy
