Agricultural Bank of Libya

Agricultural Bank of Libya
Libyan Agricultural Bank
Type State-owned
Industry Banking
Founded 1957
Headquarters 52, Omar El Mokhtar Street, Tripoli, Libya
Products Agriculture
Total assets USD $340 million (as of 1995)
Employees 550 (as of 1995)

The Libyan Agricultural Bank (Arabic: المصرف الزراعي‎) is an agricultural development bank operating under special law and owned by the Libyan government. Established in 1957, it provides advice and guidance on agricultural problems, advances loans to agricultural cooperatives, and generally assists in developing Libya’s agricultural community. The Bank operates one city branch from its headquarters in Tripoli and another 27 branches throughout Libya. The Bank is also a member of the Near East-North Africa Regional Agricultural Credit Association (NENARACA) based in Amman, Jordan.[1]


Activities and products

The bank provides in-kind and in-cash short-term, medium and long-term agricultural credit to individual farmers, agricultural cooperative societies and agricultural companies. Additionally, it mobilizes individual and group savings in rural areas. It cashes checks issued by customers and provides guarantees to depositors or borrowers. The bank also subsidizes prices for various agricultural inputs and purchases crops at prices exceeding the prevailing market prices, reselling them to customers at reduced prices. 100% of the Bank’s loan portfolio is allocated to the agricultural sector.

See also


  1. ^ See NENARACA Website, Members section

External links

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Bank of England — Bank of England …   Wikipedia

  • Bank of Thailand — ธนาคารแห่งประเทศไทย (ธปท.) Seal of the Bank of Thailand …   Wikipedia

  • Bank of Eritrea — Headquarters Asmara, Maekel, Eritrea Established 1914 Governor Kibreab Woldemariam (acting)[1] Central bank of Eritrea Curren …   Wikipedia

  • Libya — /lib ee euh/, n. 1. Anc. Geog. the part of N Africa W of Egypt. 2. Italian, Libia. a republic in N Africa between Tunisia and Egypt: formerly a monarchy 1951 69. 5,648,359; 679,400 sq. mi. (1,759,646 sq. km). Cap.: Tripoli. * * * Libya… …   Universalium

  • Libya — <p></p> <p></p> Introduction ::Libya <p></p> Background: <p></p> The Italians supplanted the Ottoman Turks in the area around Tripoli in 1911 and did not relinquish their hold until 1943 when… …   The World Factbook

  • List of companies of Libya — List of Libyan companies.Agricultural*Technofarm Libya [] Airlines*Afriqiyah Airways *Air Libya *Air One Nine *Alajnihah Airways *Buraq Air *Ghadames Air Transport *Libyan Airlines *Libyan Arab Air Cargo *Tobruk Air …   Wikipedia

  • Economy of Libya — Infobox Economy country = Libya width = 290px currency = Libyan dinar (LD) year = calendar year |organs = OPEC, Common Market for Eastern and Southern Africa |rank = NA |gdp = profit$67 billion (2005) |growth = 8.5% (2005 est.) |per capita =… …   Wikipedia

  • Agriculture in Libya — Although agriculture is the second largest sector in the economy, Libya depends on imports in most foods. Climatic conditions and poor soils limit farm output, and domestic food production meets about 25% of demand. Domestic conditions limit… …   Wikipedia

  • Outline of Libya — The following outline is provided as an overview of and topical guide to Libya: Contents 1 General reference 2 Geography of Libya 2.1 Environment of Libya 2.1.1 …   Wikipedia

  • European Central Bank — European Central Bank …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.