Tag Archives | Libyan Foreign Bank (LFB)

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 […]