The announcement lifted shares in the sector by as much as four percent in early trading. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Key details
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
“This is the most consequential moment for the sector since the crisis began.”
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The announcement lifted shares in the sector by as much as four percent in early trading.
