Tag Archives | Al Baraka Banking Group

Libyan Foreign Bank (LFB) signs MoU with Bahrain Bank

Bahrain-based Al Baraka Banking Group (ABG) has signed a Memorandum of Understanding (MoU) with the Libyan Foreign Bank (LFB) to collaborate in all areas of banking. The MoU was signed by Mr. Adnan Ahmed Yousif (pictured), President & Chief Executive of ABG and Chairman of Al Baraka Turk Participation Bank on behalf of Al Baraka […]

Al Baraka Bank Eyes Libya

Adnan Ahmed Yousif (pictured), President and Chief Executive Officer of Bahrain’s Al Baraka Banking Group, has told Reuters that the company's growth will also be fuelled by the company's entry into the Moroccan and Libyan markets, and expansion in Tunisia, as monetary authorities become more welcoming to Islamic banking. He added: "Last year was a very […]

Al Baraka to set up Islamic Bank in Libya

Adnan Ahmed Yousif (pictured), President and Chief Executive Officer of Bahrain’s Al Baraka Banking Group, said that the group is studying to establish an integrated Islamic bank in Libya this year. According to a report from Mubasher, the new facility will have seed capital of $100 million, and will offer a variety of banking services. (Source: […]

Al Baraka Bank Renews Commitment to Libya

Bahrain's Al Baraka Banking Group, which on Sunday announced a 10 percent jump in net profits for the first nine months of the year, has renewed its commitment to the Libyan market. With regard to geographic expansion and entering new markets, the company's President and CEO Mr. Adnan Ahmed Yousif (pictured) said that the it […]