Tag Archives | Libyan Foreign Bank (LFB)

Police Arrest Ex-CEO of Libyan Foreign Bank

By John Lee. Police in Tripoli have reportedly arrested the former CEO of Libyan Foreign Bank (LFB). An official at the Interior Ministry told Bloomberg that Mohamed bin Youssef was taken into custody on the orders of the state prosecutor, who's investigating him for allegedly "squandering funds and mismanaging the bank's assets". The bank, which […]

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 […]

LFB Defends $109 Legal Case

By John Lee. A Tunisian court has ruled in favour of the Libyan Foreign Bank (LFB) in the case brought against it by the Tunisian company LMS. LMS claimed that LFB owed it $108.7 million for fuel shipments during the 2011 Libyan revolution. However, the court of appeal found that LMS had failed to deliver […]