The UK lender HSBC has reopened its representative office in Libya. The bank closed the office in February following the outbreak of unrest in the country. In an emailed statement to the press, HSBC states that with the end of hostilities and the return to stability it can return to business.

“This is a significant development and we are delighted to reopen our doors in Tripoli. We look forward to playing our part in working with the new authorities and helping to return Libya to stability and growth,” says Timothy Gray, chief executive officer of HSBC Libya.