A leading source at Al-Jumhouria Bank spoke to Al-Marsad. He revealed a major reform campaign. It is the most extensive administrative and organizational reform in over 15 years. The new management recently took office. The campaign included terminating over 40 department and branch managers. These changes affect various Libyan cities. It is part of a comprehensive restructuring plan. The goal is to correct the institutional work path.
The source confirmed this step marks a new phase. It is a new era for Al-Jumhouria Bank. The bank was established in 1963. It is Libya’s largest commercial bank. This is based on its geographical spread, branches, and customer base. The bank has played a vital role for decades. It financed economic activities. It served millions of citizens. This made it a cornerstone of the national banking system.
The source highlighted past challenges for Al-Jumhouria Bank. The bank faced significant setbacks and shocks. These issues stemmed from administrative and financial corruption. Some cases are before the Public Prosecutor’s office. These cases predate the current administration. Weak governance also contributed to problems. The bank suffered from administrative laxity. Many managers had exceeded the legal retirement age.
These factors led to organizational imbalances. They negatively affected performance and service quality. Citizen trust was weakened at times. These challenges created a complex situation. Bold and unconventional decisions were necessary.
The new administration adopted a decisive reform approach. This is with direct support from the Board of Directors. The approach focuses on refreshing leadership. It strengthens administrative discipline. It links responsibility with accountability. The goal is a modern banking system. This system will be based on efficiency, transparency, and professional standards.
The current reform campaign is more than administrative changes. It is part of a broader vision. This vision seeks to rebuild trust in the national bank. It aims to meet current requirements. It will improve services for citizens. The next phase will introduce additional measures. These will develop performance. They will update work mechanisms. Governance will be strengthened in all Libyan branches.