No Result
View All Result
Thursday, July 10, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Andalus bank opens three years after IPO

bySami Zaptia
July 14, 2020
Reading Time: 1 min read
A A
Andalus bank opens three years after IPO

By Sami Zaptia.

London, 14 July 2020:

There was a new edition to Libya’s banking sector last week (7 July) with the opening of the private sector Andalus bank. It has taken the bank three years to open since its successful IPO in May 2017.

Andalus bank is now part of Libya’s array of 19 banks. There is a total of 543 branches in the sector employing around 19,000 people. Libya’s private banking sector is undercapitalized with only LD 4 bn (about US 1 bn).

RELATED POSTS

Libyan Banks Forum launched in Tripoli: 13-14 October

Workshop on ‘‘Regulating the Legal and Banking Framework’’ in Libya issues final recommendations

The private sector banks are deemed more efficient and customer responsive as they have to compete in a climate dominated by the big state-owned banks. State entities are prohibited by law from opening accounts at private banks. The whole sector is in need of serious reform to free it from the Qaddafi era banking laws designed for a socialist era.

Tags: Andalus bankbankingfeaturedIPO Initial Public Offering

Related Posts

Aldabaiba opens First Phase of Tripoli’s Third Ring Road
Business

Aldabaiba opens First Phase of Tripoli’s Third Ring Road

July 9, 2025
NOC announces force majeure at Zawia port
Business

BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

July 9, 2025
English High Court appoints Receiver to manage LIA litigations against Goldman Sachs and Societe Generale
Business

LIA organises investment forum in London with participation of international banks, asset managers and investment funds

July 9, 2025
Akakus Oil drills 15 wells since January – producing 25,000 bpd
Business

Akakus Oil Operations drills new Sharara field well with initial production of 1,750 bpd

July 9, 2025
CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Next Post

Libya’s Banking Sector Development Forum welcomes CBL audit, insists on new meritocratic board of directors

Improving ‘Ease of Doing Business’ in Libya discussed with Economy Ministry

Improving 'Ease of Doing Business' in Libya discussed with Economy Ministry

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

    0 shares
    Share 0 Tweet 0
  • Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Aldabaiba opens First Phase of Tripoli’s Third Ring Road

BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.