2024-06-04 15:44:38
Al Wahda Financial institution issued an announcement reassuring its clients after the zero clearing incident that occurred in one of many financial institution’s branches lately.
The assertion confirmed that the financial institution has ample monetary allocations to face any potential challenges, noting that it witnessed a rise within the quantity of belongings and liabilities in the course of the first 5 months of the present yr.
The assertion touched on the dangers dealing with the banking sector typically, stressing that Al-Wahda Financial institution is dedicated to implementing a “sound precautionary coverage” to confront dangers and challenges.
The assertion indicated that the quantity of the financial institution’s monetary allocations as of Might 30, 2024 amounted to the equal of 1.533 billion Libyan dinars, of which 630 million dinars have been an allocation for uncertain money owed, and 884 million dinars have been an allocation for value fluctuations.
The assertion additionally acknowledged that the financial institution witnessed a rise within the quantity of belongings and liabilities by 20% in the course of the interval from January to Might 2024 in comparison with the identical interval final yr, bringing the overall belongings and liabilities to greater than 26 billion Libyan dinars.
The assertion indicated that the financial institution’s deposit liabilities amounted to 22.468 billion Libyan dinars on Might 30, 2024, which displays clients’ confidence within the financial institution.
The assertion confirmed that the Board of Administrators and the manager administration of the financial institution took all crucial measures relating to the zero clearing incident, and that the financial institution won’t be affected by this incident and can take all crucial precautions to stop it from recurring sooner or later.
Earlier, the Central Financial institution of Libya froze 10 financial institution accounts of authorized entities, along with 141 financial institution accounts, at Al-Wahda Financial institution, in opposition to the backdrop of their finishing up suspicious banking operations, represented by the incident of checks beneath assortment within the businessmen department.
Supply: Al Wahda Financial institution + Libya Al Ahrar.
2024-06-04 15:44:38