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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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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 Source: Economist Intelligence Unit - A&T Bank Research
Libya at a glance.. POLICY TREND Source: Economist Intelligence Unit - A&T Bank Research
Libya at a glance.. FISCAL OUTLOOK Source: Economist Intelligence Unit - A&T Bank Research
Libya at a glance.. MONETARY POLICY Source: Economist Intelligence Unit - A&T Bank Research
Libya at a glance.. International Relations Source: Economist Intelligence Unit - A&T Bank Research
Libya at a glance.. Foreign Trade Source: Economist Intelligence Unit - A&T Bank Research
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
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
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
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)
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.
A&T Bank by Volumes of Trade Finance Products in Libya Trade volumes by products with Libya can be viewed in below tables.