Libya intends to expand investment base in Jordan, banker

Director General of the Libyan Foreign Bank Mohamed Mohamed Ben Youssef said his country is determined to expand investment base in Jordan as it enjoys political and economic stability and due to the prudent monetary policies of the Central Bank of Jordan.In a statement to Petra on the sidelines of the Arab Banking Conference, he said that Jordan is a state that enjoys political and economic stability which is a factor that stimulates investments.On Libyan investments in the Kingdom Ben Youssef said that the Libyan Foreign Bank has a stake of 16.5 percent in the Housing Bank, 12.5 percent in the Arab Investment Bank and 4 percent in the Jordan Bank.“Libyans’ confidence in Jordan’s economy is increasing and the increase of Libyans deposits in Jordanian banks is an indication of Libya’s willingness to invest in the Kingdom and support its banking sector,” he added.Registered Libyan investments in the Amman Bourse stand at $742 million and Libya ranks seventh among Arab and foreign investors in the Amman Bourse.