Regulatory Alerts2022-06-07
Central Bank of Libya Circular Letter No. 2013/72
The Central Bank of Libya issued Circular Letter No. 2013/72 to formally notify commercial banks and relevant authorities of the official name change of the Sudanese Islamic Co-operative Development Bank to Nile Bank for Trade and Development, effective 17 February 2013. The circular mandates that all banking institutions update their records to reflect the new corporate identity while confirming that all existing agreements, contracts, and contact details remain legally binding and unchanged. Additionally, the document includes the Ministry of Justice's commercial registration certificate and outlines the statutory filing requirements under the 1976 Companies Law to ensure full regulatory compliance following the rebranding.
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