Marcopolis.net Video Interview with Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya, also available here http://www.marcopolis.net/largest-lender-in-libya-lending-in-libya-and-loans-1705.htm
One of the more challenging aspect of banking in Libya is the lack of adequate lending to the private sector. Moreover, with the Islamic banking reform (all banks in Libya must become Islamic by 2015), many banks are hesitant to lend money on the backdrop of uncertain future.
According to Ahmed Rajab, head of the largest lender in Libya, "the problem is that many issues are pending – at the level of the government ministers. For example, the urban area - the Ministry of Finance should designate places where new houses can be build. We have to get the proper license from us or investors who would like to get the loans for building or the real estate in general."
To read the full transcript of the MarcoPolis interview with Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya, visit Marcopolis.net http://www.marcopolis.net/jumhouria-bank-leading-the-libyan-banking-space-maintaining-top-position-3005.htm
