Recently published figures show the bank recorded a profit at the end of the third quarter of 2012.

A statement published by the Libyan Stock Market (LSM) said that as of 30/9/2012 Mediterranean Bank has incurred total expenses of LD1.6m ($1.3m) and generated net income before tax of LD3.8m ($3m).

It was not clear whether these figures referred to the third quarter of 2012, or the first three quarters of 2012. The statement said that the figures had not been verified by an external auditor.

Mediterranean Bank was established in 1997 and was formerly known as the Benghazi Ahli Bank.