18 Dec 2011
(MENAFN) The UN Security Council said that it gave its orders to unfreeze the assets of the Central Bank of Libya and its subsidiary the Libyan Foreign Bank, reported AP.
The council’s committee added that the move came following a request made by the transitional government in Libya to lift the sanctions imposed on these banks, which would guarantee the return of more than USD40 billion to Libya.
On the other hand, British Foreign Secretary, William Hague, said that the UK’s government was trying to speed up EU’s action to pass a regulation needed to unfreeze around USD10 billion in Libyan frozen assets in the UK, a move followed by the US decision to lift most sanctions against Libya’s banks, releasing more USD30 billion in assets.
It is worth noting that Libya is still subject to UN sanctions, including an arms embargo, moreover, assets of the Gadhafi family and members of the old regime are still frozen, in addition to assets of several other financial institutions.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more