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Libyan Stock Exchange Signs Deal With Trade and Development Bank

Feb. 28 (Bloomberg) -- The Libyan Stock Market signed an agreement with the country’s Trade and Development Bank to become the exchange’s clearing bank, the Libyan news agency reported, citing unidentified bourse officials.

The agreement is part of an attempt to improve how the exchange operates and develop financial services, the news agency said. The bank will implement financial operations through its main branches in Tripoli, the capital, and Benghazi, according to the report.

To contact the reporter on this story: Caroline Alexander in London at calexander1@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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