7 Hrs
Source:
عين ليبيا
Central Bank new deposit certificates overview
The Central Bank of Libya has announced the opening of subscription for commercial banks to participate in a new issuance of unrestricted profit-sharing deposit certificates. The aim is to regulate liquidity in the banking sector and provide investment tools aligned with profit-sharing arrangements. The issuance includes three types of certificates, each valued at 10 million Libyan dinars, with maturity periods ranging from 91 days to 365 days. Estimated returns vary between 5.5% and 7.5% annually. Profit distribution will be allocated at a rate of 99.75% to the subscribing bank and 0.25% to the Central Bank of Libya. The initiative seeks to support the stability of the banking sector and improve liquidity management through a variety of financial instruments tailored to meet the needs of banks in the short, medium, and long term.
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