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Home Business

Court cancels CBL’s suspension of ATIB bank’s board of directors

bySami Zaptia
April 29, 2024
Reading Time: 2 mins read
A A
CBL temporarily suspends chairman and directors of ATIB

The Chairman of the Board of Assaray Trade and Investment Bank (ATIB), Naaman Elbouri, confirmed to Libya Herald yesterday that the court has ruled to cancel the 2 May 2023 decision of the Governor of the Central Bank of Libya (CBL) to suspend ATIB’s Board of Directors of the from work.

Elbouri said he was confident that since his board complied fully with the CBL Governor’s decision last year in implementation of the law, the CBL would also respect the court’s decision.

He stressed that ATIB is not based on individuals, and the evidence was that the bank continued to provide its services and develop them to be better than they were.

He noted that through conversations with members of the temporary committee that took over the management of the bank for a year, they confirmed that ATIB is one of the best banks operating in Libya.

 

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Tags: ATIB Assaray Trade and Investment BankCBL Central Bank of LibyaNaaman El Bouri chairman ATIB

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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.

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CBL Governor Issa holds and participates in several meetings during the IMF’s Spring Meetings held 13 – 18 April in Washington DC

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