The Central Bank of Libya (CBL) has denied claims that old LD50 ($40) notes can still be exchanged.

The Central Bank of Libya has opened a new branch in the town of Ghariyan, in western Libya.

The Bank of Commerce and Development has again been named by the bourse authorities as the most compliant provider of company information in the second quarter of the year.

The Central Bank of Libya says that rumours about a mishandling of its $2bn (LD2.5bn) deposit made to Egypt this year are unfounded.

Profits at Libya's largest lender rose strongly year-on-year in the second quarter of 2013.

The Central Bank of Libya (CBL) has again extended its deadline for exchanging the old series of 5 and 10 Dinar banknotes, which is now 31 October.

Profits at Libya's third-largest lender, in which Jordan's Arab Bank holds a stake, fell sharply year-on-year in the first six months of 2013.

Staff at Gumhouria Bank branches in Benghazi reportedly halted work on 22 July in protest over security issues. 

The national assembly says it has started accepting applications for the posts of governor and deputy governor of the Central Bank of Libya (CBL).

The Libyan Stock Market (LSM) plans to work with a Dubai-based advisory firm, Amanie Advisors, on developing Sharia-compliant financial products and services.

The company generated some LD76.7m ($61.4m) in insurance revenues in the first half of the year.

Gross profits at Libya's largest privately-owned bank almost doubled year-on-year in the first six months of 2013.

The lender posted a 194% increase in net income during the second quarter of the year.

The company's AGM last week voted in favour of paying out a dividend on profits from the 2012 financial year.

Commercial banks in Sirte held a one-day strike on 14 July in protest at a series of armed robberies in the city, according to the state news agency.