Regulatory Alerts2010-01-26
Added · Updated
Central Bank of Libya Circular 2010/4 - Decision No. 3 of 2010 on Determining Financial Structure and Credit Portfolios of Banks
Decision No. 3 of 2010 establishes maximum limits for the financial structure and credit portfolios of commercial banks in Libya, replacing Decision No. 45 of 2008. It sets the maximum total deposit liabilities at thirty times the bank's core capital and limits the net direct credit portfolio to 70% of total deposit liabilities. The decision further caps direct credit facilities in specific categories at 30% each and restricts indirect facilities, such as letters of credit and guarantees, based on core capital multiples and collateral discount rates. Banks must rectify any non-compliance with these thresholds within six months of the decision's issuance.
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