Libya's largest lender, Gumhouria Bank, plans to convert itself into a fully Islamic bank over the next two years.

A delegation from the Central Bank of Libya (CBL) visited Washington earlier this month to take part in the IMF and World Bank spring meetings.

The Central Bank of Libya (CBL) has issued a final deadline of 30 May for exchanging the old series of 5 and 10 Dinar banknotes.

Libya's largest lender recorded a healthy profit in the first three months of the year, while its total assets jumped sharply on the previous quarter.

The Libyan Stock Market (LSM), which runs the Tripoli bourse, reported a loss of LD585,000 ($468,000) in the first three months of the year.

The Takaful Insurance Company has organised an event in Benghazi on Islamic insurance practices.

The Central Bank of Libya (CBL) has opened the application process to issue licenses for new Islamic banks and for the conversion of conventional banks.

Libya's fourth-largest lender, which is part-owned by France's BNP Paribas, saw its profits rise sharply quarter-on-quarter in the first three months of the year.

The Central Bank of Libya (CBL) is organising the latest in a series of Islamic banking workshops in north-east Libya.

United Bank for Commerce and Investment (UBCI) plans to gain shareholder approval later this month for an LD8m ($6.4m) increase in capital.

The company generated a profit in the first three months of 2013, reporting gross revenues of LD44.2m ($35.4m).

The head of the Bahrain-based Al Baraka Group, one of the region's largest Islamic banking institutions, says the firm may set up a sharia-compliant lender in Libya.

The National Commercial Bank (NCB), Libya's second-largest lender, saw its assets rise by around 3.5% quarter-on-quarter.

The General National Congress (GNC) has published Law 7 of 2013, providing details on this year's state budget of LD66.9bn ($53.5bn).

The Bank of Commerce and Development (BCD) has reported its income for the first three months of 2013, while assets rose strongly on the previous period.