The Umma bank (Ex-Banco di Roma) was established on April 14, 1907 under agreement between the Government of Italy

Italy

Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

 and the Government of the Turkish Sultan

Ottoman Dynasty

The Ottoman Dynasty ruled the Ottoman Empire from 1299 to 1922, beginning with Osman I , though the dynasty was not proclaimed until Orhan Bey declared himself sultan...

, in the late era of Turkish rule before the invasion of Libya. On November 13, 1911 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 Banco di Roma.

On 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