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The Libyan Arab Foreign Bank (LAFB) was establisehd in 1972 in Tripoli - Libya as the first offshore bank Licensed to operate internationally. The bank is 100% owned by the Central Bank of Libya. LAFB, Encompasses a variety of services and operators facilitating international trade, money flows for investment and payment, and loans to government and official institutions as well as to the private sectors. Its valum in the international markets is relatively concentrated on services as insurance and confirmation of letters of credit, creation of acceptance credits, supply of foreign exchange.
