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Dat-Elemad Administrative complex Tower No. 2 Tripoli P.O.Box 2542 Tel : (+218 - 21) 3350155 /60 FAX : (+218 - 21) 3350164 (LAFBLYLT) Swift LABL LAFB Reuter

After emergence of the Great First of September Revolution and issue of decision providing for raising the percentage of national shareholding in foreign banks to (51%) on 13.11.1969, all foreign banks operating in the Great Jamahiriya at that time were subjected to this Revolutionary decision. However, one bank only continued procrastination in implementing this decision, i.e. the British Bank named (Barclays Bank) which demanded for equal sharing of Management between both parties. - Read more

Foreign Exchange & Financial Services Company is a joint stock Libyan company established in accordance with the decision of the General Peoples' Committee No. 611 of 1994 & the Secretary of the General People's Committee for Economy & Commerce decision No. 327 of 1994 with a capital of L.D. 7 million or the equivalent of US $ 19 million. The amount was paid in full and equally among the shareholders. The company started operating officially on November 15, 1994. - Read more

You are invited to Libyan Stock Market and to know its issues and achievements. We are ready to answer your inquiries and we are looking to receive your suggestions and contributions. - Read more

Wahda bank is a Libyan Joint Stock Company founded according to the law number (153) for the year of 1970 issued on 22/12/1970 . The Paid capital is ( LD 36,000,000 ) L.D thirty six million only, equity shareholder until 31/12/2004 is ( LD 108,000,000 ) L.D one hundred and eight million only CBL owns 87% and private sector 13% of the shares. - Read more

The Central Bank of Libya (CBL) is 100% state ownership and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the Central Bank shall be to maintain monetary stability in Libya, and to promote the sustained growth of the economy in accordance with the general economic policy of the state . Management of the general affairs of the Bank within the policies of the country is entrusted to a Board of Directors consisting of the Governor as chairman, Deputy Governor as Vice-Chairman, and Six other members, who usually represent other financial and economic interests. The Governor is the chief executive officer responsible for the implementation of the policy of the Bank and the management of its affairs; he also represents the Bank in all its relations with other parties. The CBL started its operations on April 1, 1956 to replace the Libyan Currency committee which was established in the year 1951 and whose functions were confined to maintaining sterling assets against the issue of local currency, thus having no role in controlling money supply or credit or in supervising banks. - Read more

Umma bank (Ex-Banca di Roma) was established on 14.04.1907 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. The Revolution was particularly keen, in its first historical statement, on liberation of the human being from the oppression thereon. The Revolutionary decision (Libyanization decision) was issued for changing all names of Commercial banks to Arabic names on 13.11.1969. Accordingly, it became Umma Bank, instead of Banca di Roma. By issue of historic decision of the Revolutionary Command on 22.12.1970 (Nationalization decision), in which all the foreign banks shares were nationalized and became completely (100 %) owned by Libyan people. The bank endeavoured to develop its human and material capacities in all fields internally and externally. It worked for preparing the scientifically aware cadres, capable of coping with the new developments by continual training of its employees internally and abroad. The bank has also been provided with modern equipment and machines, and connection of its branches with computer system optimally for providing best services to its clients. The bank is primarily keen on performing all banking activities, thus contributing to promotion of the national economy in the various fields. - Read more