Al Baraka   

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Libya

Al Baraka Banking Group
Representative Office, Libya

Founded 2011 

Estimates are that Libya’s GDP may have fallen by 9.4% in the last year, and an average of 6.0% over the last five years, as the country continues to suffer unstable and unsettled conditions and greatly reduced crude oil production. Although it still retains substantial foreign exchange reserves, these are being drawn down very quickly. Inflation is estimated to have been 8% in the past year but this is unverifiable.

 

ABG opened its new representative office in Tripoli in early 2013, in order to place the Group advantageously in the promising Libyan banking market to await the return to relative normality. The representative office supports and liaises with ABG units to establish and maintain relationships with local regulators and banks and explore appropriate opportunities for business when appropriate.


Mr. Mohamed Elkhazmi
Chief Representative

Trepoli Tower, Tower1 
14th Floor, Office No.144
P.O. Box 93271,
Tripoli, Libya
Tel: +218 (21) 336 2310
       +218 (21) 336 2311
Fax: +218 (21) 336 2312

Email: [email protected]

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