CBL: Commercial Banks Profits Plummet by 25%.
Pulbished on:
Tripoli, 8 December 2019(Lana) Figures released recently by the
Central Bank of Libya have shown that commercial banks profits had
fallen by 25.2% to LD 618.5 million in the third quarter of the
current year compared to the same period of 2018 which reached LD
827.2 million.
Recent figures showed that customers deposits in commercial banks
fell from LD 106.4 billion at the end of third quarter of 2018 to LD
91.4 million at the end of third quarter of 2019 or 14.1%. Demand
account reached 87% of total deposits, while time deposits 12.5% and
saving deposits 0.5%.
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