HSBC, Standard Chartered and Unicredit coming to Libya

Member since 31 January 2010

Vagabond101Member31 March 2010 12:00:16

NEWS ARTICLE

HSBC, Standard Chartered and Unicredit of Italy are among institutions which have applied for licenses to establish the first ever private-sector banks in Libya, the oil rich North African state which has been gradually opening up its economy.

Farhat Bengdara, the governor of the Central Bank of Libya told a conference in Tripoli that a decision on awarding the two licenses on offer will be made in July. The deadline for expressions of interest expires on Wednesday.

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Sandman6 ViP

Member since 17 May 2009

Rocking in the free world

Sandman6ViP31 March 2010 12:17:54

1863

"Applied for banking licences" does not imply that any of these financial institutions are coming to Libya.

ibngabal Active member

Member since 25 February 2010

ibngabalActive member31 March 2010 12:21:57

Really, what a good news! what is the news paper or source of this please.
How long it will take that a branch to open up? in August then or when please?

Sandman6 ViP

Member since 17 May 2009

Rocking in the free world

Sandman6ViP31 March 2010 12:46:08

1863

Read my previous post...

Vagabond101 Member

Member since 31 January 2010

Vagabond101Member31 March 2010 14:11:01

May be those banks applied liscences just for the sake of fun...

ROME WASN'T BUILT IN A DAY...

hababbi Active member

Member since 26 November 2009

hababbiActive member18 April 2010 11:55:38

Hope they applied in Arabic and got everything stamped twice!Wouldn't hold my breath waiting for a response though.

ibngabal Active member

Member since 25 February 2010

ibngabalActive member20 April 2010 14:19:54

I heard the news today in Al Jazeera TV.
6 Banks International Banks intend to work in Libya.
This mean that Libya is opening arm for future developement.