Umma Bank

Umma Bank

Infobox_Company
company_name = Umma Bank
company_
company_type = Public
foundation = 1907
location = Tripoli , Libya
industry = Finance
products = Financial Services
homepage = [http://www.umma-bank.com.ly/ www.umma-bank.com.ly]

The Umma bank ( _ar. مصرف الأمة) (Ex-Banca di Roma) was established on April 14, 1907 under agreement between the Government of Italy and the Government of the Turkish Sultan, in the late era of Turkish rule before the invasion of Libya. On November 13, 1969 a "Revolutionary decision" (Libyanization decision) was issued which required the names of all the Commercial banks in Libya to Arabic names. In accordance with the law, it became Umma Bank, instead of Banca di Roma.

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.

Management

Abdulfatah S. Ghaffar is the General Manager.

The Group Executive Board is the executive body of the bank. Its members are:

*Group CEO: Omar M.Saghiar
*Board Member: Habib Kh. Jabouda
*Board Member: Abdulfatah O. Elmadfai
*Board Member: Muftah. A. Azzuza
*Board Member: Naser M. El–Mabrouk
*Board Member: Abd Alnaser Kh. Ganidi

External links

* [http://www.umma-bank.com.ly/ Official Site]


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