State-controlled Gumhouria Bank, Libya's largest lender by asset size, made a net profit of LD95.3m ($75m) in the first half of 2012, with total assets up slightly on the previous quater.

Figures released to Libya's stock market regulator in early August showed that Gumhouria held total assets of LD30.4bn ($24bn) at the end of June 2012, a 4.5% rise from the LD29.1m ($23bn) in total assets at the end of the first quarter.

The statement said that the results had not been verified by an external auditor.

Gumhouria Bank is Libya's largest, accounting for roughly 40% of total commercial bank assets in the country. It operates around 146 branches nationwide and employs some 5,500 people.

At the end of March 2012 the bank had a loan to deposit ratio of 21.1%

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