Sahara Bank
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High Quality Content by WIKIPEDIA articles! The Sahara Bank was established in 1964,designed by Italian Vincenzo Maria Morici. In December 22, 1970, the Revolutionary Command issued another law "the Nationalization Decision" which demanded that all the foreign banks shares were nationalized and became completely owned by Libya. Sahara Bank is now a part of the french-based BNP Paribas group. BNP Paribas escaped the 2007-09 credit crisis relatively unscathed reporting a 3bn net profit for the year of 2008, and 5.8 for 2009, both years boosted by profits from fixed income trading in its BNPPCIB…mehr

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High Quality Content by WIKIPEDIA articles! The Sahara Bank was established in 1964,designed by Italian Vincenzo Maria Morici. In December 22, 1970, the Revolutionary Command issued another law "the Nationalization Decision" which demanded that all the foreign banks shares were nationalized and became completely owned by Libya. Sahara Bank is now a part of the french-based BNP Paribas group. BNP Paribas escaped the 2007-09 credit crisis relatively unscathed reporting a 3bn net profit for the year of 2008, and 5.8 for 2009, both years boosted by profits from fixed income trading in its BNPPCIB (Corporate and Investment Banking) division. BNP Paribas has one of the highest credit ratings in its peer group with the long term debt of the group currently ranked AA by S&P, Aa2 by Moody's and AA by Fitch.