On the 13th of November 1969, the Act to change the names of commercial operational banks in the country to Arabic names was issued. So the name of the bank was changed from Banco di Roma to Umma Bank. And on the 22nd of December 1970 another Act was issued to nationalize all quotas of foreign banks operating in the country to become fully owned by Libya, so Barclays Bank was renamed Jumhouria Bank.On the 10th of April 2008 the Central Bank of Libya issued its decision to merge the two banks of Umma and Jumhouria into one bank under the name "Jumhouria Bank" with a budget amounting to 20 billion LYD, thus the Bank became the second biggest Libyan bank after the Libyan Foreign Bank.