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Exclusive: Central Bank Plans to Dismiss National Commercial Bank’s Board of Directors and Refer It for Investigation over Financial and Administrative Violations

The Central Bank of Libya plans to dismiss the Board of Directors of the National Commercial Bank following violations related to procedures governing the holding of general assemblies, as well as violations of Central Bank circulars concerning the granting of credit and advances.

The Board of Directors of the National Commercial Bank is expected to be referred for investigation over the alleged violations.

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