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Özgür ERKER Assistant General Manager Treasury and Financial Institutions Division

30 June 2012. Özgür ERKER Assistant General Manager Treasury and Financial Institutions Division. Growth in Number (%). Source: A&T Bank Research. MENA Middle East and North Africa regional forecast. Source: IMF. Libya at a glance. Economic Outlook.

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Özgür ERKER Assistant General Manager Treasury and Financial Institutions Division

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  1. 30 June 2012 Özgür ERKER Assistant General Manager Treasury and Financial Institutions Division

  2. Growth in Number (%) Source: A&T Bank Research

  3. MENA Middle East and North Africa regional forecast Source: IMF

  4. Libya at a glance.. Economic Outlook Source: Economist Intelligence Unit - A&T Bank Research

  5. Libya at a glance.. POLICY TREND Source: Economist Intelligence Unit - A&T Bank Research

  6. Libya at a glance.. FISCAL OUTLOOK Source: Economist Intelligence Unit - A&T Bank Research

  7. Libya at a glance.. MONETARY POLICY Source: Economist Intelligence Unit - A&T Bank Research

  8. Libya at a glance.. International Relations Source: Economist Intelligence Unit - A&T Bank Research

  9. Libya at a glance.. Foreign Trade Source: Economist Intelligence Unit - A&T Bank Research

  10. Libya at a glance.. Country Strong Points • Its geographical location • Considerable natural wealth • Inflows of money associated with oil • The force of private consumption and public investment • Opening up and liberalization policies  which favor private investment and should revitalize Libya's economy • Low foreign debt • A dynamic demography

  11. Libya at a glance.. Country Weak Points • The State is omnipresent in the economy • Extremely dependent on oil resources • An inefficient administration which hinders the development of the private sector • Lack of credit,  control of price and changes, constraining economic growth • Imports restrictions • A high unemployment rate • Finally, even if Libya's rehabilitation in the international community has given confidence to investors, structural reforms remain essential

  12. Trade Relationship between Libya and Turkey Total Export& Import Between Libya and Turkey since 1996 • Libya is the seventhlargest trade partner of Turkey in Africa by 2011

  13. Exports Turkish goods exports to Libya in 2011 decreased to 747 million USD, from 1.9 billion USDin 2010. • Animal and vegetable oils, fats and waxes (157 million USD) • Articles of apparel and clothing accessories (70 million USD) • Iron - steel, (55 million USD) • Manufactures of metals (48 million USD) • Textile yarn, fabrics, made-up articles (46 million USD) • Imports • Turkish goods imports from Libya totaled 139 million USD in 2011, down 67.1% (425 million USD) from 2010, and decreased 83% from 2001. • Petroleum, petroleum products and related materials (55 million USD) • plastics in primary forms (26 million USD) • organic chemicals (19 million USD) • manufactures of metals (9 million USD) • iron and steel (5 million USD)

  14. First 4 months Comparision of Export to Libya

  15. A&T Bank, with 35 years of established history originally operated as a joint venture between • Libyan Foreign Bank (62.37%), • Turkiye İs Bank A.S. (20.58%), • T.C. Ziraat Bank A.S. (15.43%) • Kuwait Investment Co (1.62%). From the outset trade finance was a strong feature of the local and international business of the A&T Bank, an expertise that has been recognized throughout its history. The role conceived for A&T Bank was unique for relations with Turkey in Libya.

  16. A&T Bank by Volumes of Trade Finance Products in Libya Trade volumes by products with Libya can be viewed in below tables.

  17. THANK YOU FOR YOUR ATTENTION

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