2023-07-12

Circular 20/2012 Regarding the Verification of Financial Soundness in Commercial Banks

The financial regulatory authority issued Circular 20/2012 to mandate the systematic verification of financial soundness for commercial banks. This directive establishes standardized assessment protocols and continuous reporting obligations to ensure institutional stability. All licensed commercial banking entities must comply with these verification requirements effective from the publication year.

Libya

Central Bank of Libya

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Circular 20/2012

Year: 2012

Regarding the Verification of Financial Soundness in Commercial Banks

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