It was Libya's first offshore banking institution licensed to operate internationally.

The intent was to ensure that the bank could continue to operate normally, and in conformity with international policies.

[2][3] LFB provides services and operations to facilitate international trade, money flows for investment and payment, and loans to government and official institutions as well as to the private sectors.

[5] As of 2004, the bank had current assets worth 7,200 million Libyan dinars and non-current assets worth 4,746 million Libyan dinars.

The share capital reserve stood at 416 million Libyan dinars.