AL BARAKABANKING GROUP
Representative Office, Libya

Founded 2011

It is estimated that Libya’s trade surplus was some $35 billion in 2012, compared with only $5 billion in 2011, as oil facilities were quickly repaired and exports resumed in the wake of the revolution. Reconstruction efforts, combined with new development projects, should impact on economic performance, with annual GDP growth henceforth of around10% being anticipated. Inflation is estimated at around 5% in 2012 as a result of strong money supply growth, but should begin to fall from 2013. Prior to the revolution, ABG had been at an advanced stage in its application to establish a representative office in Libya, but this was put on hold until the country returned to stability. ABG fully intends to pursue this strategy and to participate in the Libyan people’s future development and prosperity in the fullness of time.

Address: Tripoli Tower, Tower 1
14th Floor, Office No. 144
P.O. Box 93271
Tripoli, Libya
Tel: +218 (21) 336 2310
+218 (21) 336 2311
Fax: +218 (21) 336 2312
albaraka.com