Central Bank Begins Deposit Certificate Sales
The Central Bank of Libya has announced the launch of subscription for commercial banks in Issue No. (35-2026) of Absolute Profit-Sharing Deposit Certificates, scheduled to start on October 27, 2026. The issuance includes three types of certificates, each valued at 10,000 Libyan dinars, with differing investment terms that mature after 91, 182, and 365 days. The returns are distributed with 99.75% going to the bank and 0.25% to the profit-sharer, with an estimated profit margin ranging between 5.5% and 7.5% annually. The purpose of this issuance is to enhance banking financing tools within a framework of specific regulations that banks are committed to adhering to.
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