In an end of year goodwill message to shareholders, the Temporary Committee, management and staff, the suspended chairman of Assaray Trade and Investment Bank (ATIB), Naaman Elbouri said the bank has shown its resilience. ATIB, it will be recalled, one of the leading private banks in Libya, had its board suspended and a temporary one installed by the Central Bank of Libya (CBL) last May. ATIB is challenging its board suspension in court. Institutional resilience‘‘Despite all challenges, what emerged from the CBL suspension was a profound demonstration of ATIB’s institutional resilience — a testament to the strength of ATIB management and staff, not being reliant nor depending on specific individuals. We remain confident that in the weeks to come, a favourable court verdict/decree will reinstate the board, which we are confident will be respected by CBL Board and Governor.’, concluded Elbouri.

Source: Libya Today December 31, 2023 16:35 UTC