Regulatory Alerts2023-07-12
Central Bank of Libya Circular 2010/4: Determination of Bank Financial Center Structures and Credit Portfolios
The Central Bank of Libya issued Decision No. 3 of 2010 to establish maximum limits for bank financial structures and credit portfolios, explicitly repealing the previous 2008 regulation. The directive defines direct credit portfolios and imposes a cap of 70% of total deposit liabilities on net direct credit portfolios, while restricting individual credit categories to 30% of the total. It further regulates indirect facilities such as letters of credit and guarantees based on core capital and specific collateral deductions, granting banks a six-month compliance period.
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