Tag Archives | British Arab Commercial Bank

HSBC Pulls Out of Libya

The Telegraph reports that HSBC is cutting its ties with Libya with the closure of its representative office in Tripoli, ending a presence in the country that dates back more than 50 years. The office, which manages investments in the North African state, opened in 2006 as part of an expansion in the Middle East […]

Libyan Foreign Bank Considers Strategy

The Libyan Foreign Bank (LFB) has begun a a three-day seminar to see how it can better integrate its banking subsidiaries in 22 countries throughout Africa, Europe and the Middle East, according to Libya Herald. LFB chairman Ben Issa Ahmed explained that, along with Libya itself, the bank had undergone many changes and needed to […]