The Libyan Agricultural Bank () is an
agricultural
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created f ...
development bank
Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis.
DFIs are often established and owned by governments or ...
operating under special law and owned by the
Libyan government. Established in 1957, it provides advice and guidance on agricultural problems, advances
loans
In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.
The document evidencing the debt ( ...
to
agricultural cooperatives
An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities.
A broad typology of agricultural cooperatives distinguishes between agricultural servic ...
, and generally assists in developing Libya’s agricultural community. The Bank operates one city branch from its headquarters in
Tripoli
Tripoli or Tripolis (from , meaning "three cities") may refer to:
Places Greece
*Tripolis (region of Arcadia), a district in ancient Arcadia, Greece
* Tripolis (Larisaia), an ancient Greek city in the Pelasgiotis district, Thessaly, near Larissa ...
and another 27 branches throughout
Libya
Libya, officially the State of Libya, is a country in the Maghreb region of North Africa. It borders the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–L ...
. The Bank is also a member of the Near East-North Africa Regional Agricultural Credit Association (NENARACA) based in
Amman, Jordan
Amman ( , ; , ) is the capital and the largest city of Jordan, and the country's economic, political, and cultural center. With a population of four million as of 2021, Amman is Jordan's primate city and is the List of largest cities in the ...
.
[See NENARACA Website, Members section]
See also
*
Agriculture in Libya
*
List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Each country in Asia has a list of banks oper ...
*
List of banks in Libya
This is a list of banks in Libya, as reported in 2024.
List of banks
* Agricultural Bank of Libya, state-owned
*
* Aman Bank for Commerce and Investment (ABCI)
* Bank of Valletta
* , state-owned
* Libyan Foreign Bank, state-owned
* Mediterrane ...
Notes
External links
Libyan Agricultural Bank
{{DEFAULTSORT:Agricultural Bank Of Libya
Banks of Libya
Agriculture in Libya
Banks established in 1957
Economy of Tripoli, Libya