Austria banks hold USD1.4b Libyan deposits

01 Mar 2011

(MENAFN) Austrian central bank Governor, Ewald Nowotny, said that banks in the country hold more than USD1.4 billion for Libyan customers, reported Reuters.

The governor refused to unveil total assets owned by Libyans in the country. Total assets cover property and company stakes in addition to money.

The governor confirmed that his country is abiding by the sanctions imposed against Libyan leader Muammar Gaddafi and his closest advisers, which includes freezing bank accounts.

The daily Wiener Zeitung, said that by these sanctions, at least USD1.7 billion in assets in Austria would be frozen.

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