Mediterranean Bank
in Libya 🇱🇾
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About Mediterranean Bank in Libya
Mediterranean Bank is a commercial bank headquartered in Benghazi, Libya, offering retail and corporate banking services to customers throughout the northeastern region of the country. Established in 1997, the bank operates under the supervision of the Central Bank of Libya and serves as an important financial institution in the Libyan banking sector.
In 2010, Bahrain-based Arab Banking Corporation (ABC) acquired a 49% stake in Mediterranean Bank for $60 million, strengthening the bank's capabilities and integrating it into ABC's wider North African network. This partnership positioned Mediterranean Bank to benefit from ABC's international expertise and robust risk management framework.
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