Our source exclusively obtained correspondence from the Central Bank of Libya’s Benghazi branch regarding a request by the National Commercial Bank to grant an exception to Safo Food Industries Company to obtain financing for the establishment of a beverage production plant, in view of the project’s economic importance and its contribution to the national economy, according to correspondence from the Banking and Monetary Control Department dated July 20, 2026.
The bank explained that the approval was based on Circulars No. (12/2025) and (25/2025) issued by the Banking and Monetary Control Department, allowing an exception to the maximum expansion limit of the credit portfolio, which may not exceed 7%, while temporarily suspending the granting of direct and indirect financing to legal entities.
It stressed the need to comply with all regulations and circulars issued by the Banking and Monetary Control Department, provide adequate guarantees, and exercise due diligence in this regard.
