Libyan Foreign Bank

LFB provides services and operations to facilitate international trade, money flows for investment and payment, and loans to government and official institutions as well as to the private sectors. Its international services comprise insurance and confirmation of letters of credit, creation of acceptance credits, and supply of foreign exchange. In its 2007 ranking of ''Africa's Top 100 Banks, the magazine African Business'' placed LAFB at number ten for Africa as a whole and fourth in the North Africa region. They went on to say that the ranking of the Libyan Foreign Bank may actually be understated, given that the most up-to-date figures available for the bank were two years older than those of many of its North African rivals. It offers corporate banking services like offering short, medium, syndicate and long-term loans. ==Financial overview==

As of 2004, the bank had current assets worth 7,200 million Libyan dinars and non-current assets worth 4,746 million Libyan dinars. The current liabilities of the bank were 8,107 million Libyan dinars, while the non-current liabilities were 3,425 million Libyan dinars. The share capital reserve stood at 416 million Libyan dinars. The bank had many Arab banks like Arab International Bank Cairo, Arab Libyan Tunisian Bank as its subsidiary or associated companies. ==See also==