$ 300 million in contributions to the Libyan Egyptian banks

Egyptian banking official estimated the size of Libya's direct investments in banks of 1.8 billion Egyptian pounds (about $ 300 million), according to the newspaper, "the statement" the UAE.

The official pointed out that investments are distributed between the AIB bank, over which the Libyan government about 38.7 percent of $ 1.3 billion, the Bank of the Suez Canal and has the Libyan Foreign Bank to 23.9 percent worth 480 million pounds.

He stressed that contributions to the Libyan Egyptian banks are contributions involving Libya and the Libyan people as the state does not pertain to "Gaddafi" in person, and added that the contributions to the Libyan Egyptian banks on behalf of the state-owned enterprises Jamahiriya.
The Egyptian official added that the fall of the Colonel "Muammar Gaddafi" and rebel control over the majority of Libya will not affect the ownership of these institutions.

He explained that there is Libyan investment bank is directly in the International Arab Banking Corporation and the Suez Canal also by the Arab International Bank, which contributes to the Egyptian and Libyan governments and the Bank owns stakes in them.

For his part, "Abdel-Badie Al-Sadiq Mahmoudi," Assistant Managing Director of Bank of the Suez Canal, which contribute to the Libyan institutions, that contributions to the Libyan Bank does not belong to Gaddafi and his family, but are owned by the Libyan institutions.