Central Bank of Libya

P.O. Box 1103 : Telegram Address - Libya Banks - Tripoli - Libya

Ref: CBL Circular No. (26/2023)

Date: 2 Rabi' al-Thani / 1445 AH Corresponding to: 17 October 2023 AD

Administrative Ref / CBL No. 804

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To: Presidents of the Boards of Directors of Banks General Managers of Banks

Greetings ...

Subject / Asset and Liability Committee (ALCO)

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Based on the provisions of Law No. (1) of 2005 concerning Banks and its amendments, and in implementation of the supervisory and monitoring role of the Central Bank of Libya over all banks subject to the provisions of the aforementioned law, and within the framework of monitoring the management of banking and currency supervision with the aim of preserving the stability and integrity of the banking sector.

With reference to Circular CBL No. 13/2010 dated 27 September 2010, which was circulated pursuant to the decision of the Board of Directors of the Central Bank of Libya No. (20) of 2010.

And with reference to the periodic letter No. 2022/10 dated 06/10/2022, regarding the submission of a strategic guide for the ALCO policy.

And within the framework of the Central Bank of Libya's trend towards better planning of international policies in line with government requirements, the appointment of the committee from the Board of Directors is replaced by the Executive Management, such that the General Manager is assigned instead of the Chairman of the Board to chair the committee, and the Deputy Chairman is appointed in a paragraph that is part of the committee included in the strategic guide for the Asset and Liability Committee policy, and to inform us of the modification decision within one month from the date of issuance of this letter.

And peace be upon you ...

Naji Muhammad Isa Director of Banking and Currency Supervision Department

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Copied for information to:

• Mr. Al-Muhsin
• Mr. Deputy Al-Muhsin
• Mr. Deputy Director of Banking and Currency Supervision Department for Office Supervision and Compliance Follow-up
• Mr. Deputy Director of Banking and Currency Supervision Department for Inspection
• Mr. Deputy Director of Banking and Currency Supervision Department for Islamic Banking Affairs
• The Scribes of the Risk Management Departments in Banks

Instructions by

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www.cbl.gov.ly , swift code:CBLJLYLX , Fax: +218 21 444 1488 , Tel: +218 21 333 3591