Arab Bank Plans Return to Libya After Uprising Forces Exit
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Arab Bank Plc., Jordan’s largest lender, is seeking to regain access to its Al Wahda bank unit in Libya after last year’s uprising forced it to exit the country.
“As a result of the events which took place in Libya, we have not been involved in the management of Al Wahda bank since early 2011,” Arab Bank Chairman Sabih Al Masri wrote in an e-mailed response to questions to Bloomberg on Sept. 6. “We hope to be in a position to discuss with the new authorities in Libya how we might reengage our presence in the country.”