Banks in Libya

Central Bank of Libya	Agricultural Bank HQ	Aman Bank	Wahda Bank HQ

The Libyan economy is dominated by the oil and related industries. Agriculture is the second largest industry. Libyan banking system is dominated by four banks which are owned in full or in the majority by the Libyan Central Bank. Jamahiriya Bank, Wahda Bank, Sahara Bank, Umma Bank and the National Commercial Bank constitute almost ninety percent of Libya's banking sector assets. According to the Central Bank of Libya, there are sixteen banks in Libya. They are: Gumhouria Bank, National Commercial Bank, Sahara Bank, AL Umma Bank, Wahda Bank, Commerce & Development Bank, Aman Bank For commerce & Investment, Al‐Wafa Bank, Alejmaa Alarabi Bank, Mediterranean Bank, National Banking Corporation, Saving and Real‐Estate Investment Bank, Agricultural Bank, Development Bank, Libyan Foreign Bank, and Alsaraya Trading & Devolpment Bank. The process of Bank privatization started in 2007. BNP Paribas acquired 19 percent of Sahara Bank in August 2007. Wahda Bank was acquired by Arab Bank (Jordan) in February 2008. The Central Bank announced in October 2007 that it would merge Umma Bank and Jamahiriya bank into a single entity; that process was completed in 2008.