Founded: 1963Total Assets*: US$12.09 billionCustomer Deposits*: US$9.62 billionRanking by Assets*: 7 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Realty Business Bank SAL opened in 1963 and was renamed Bank of Beirut in 1970. In 1992, with just five branches operating in Lebanon, the company was purchased by a group of Lebanese bankers and […]
Founded: 1962Total Assets*: US$27.0 billionCustomer Deposits*: US$20.2 billionRanking by Assets*: 1 (*as of Dec 31, 2021, ABL Almanac 2022 converted at 1507.5 LBP/USD) Background From humble beginnings as an exchange house in Saida established in 1830 that extended credit to farmers,1↓Hicham Safieddine, Banking on the State: The Financial Foundations of Lebanon, Stanford Studies in Middle Eastern and Islamic Societies and […]
Founded: 1956Total Assets*: US$7.21 billionCustomer Deposits*: US$4.97 billionRanking by Assets*: 10 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) History Bank of Beirut and Arab Countries (BBAC) was established by three Lebanese investment magnets – Toufic Assaf, Nashaat Skheikhelard, and Jamal Shehaiber – in 1956. Assaf remained Chairman and General Manager until 1996 when, following his […]
Founded: 1944Total Assets*: US$15.53 billionCustomer Deposits*: US$11.64 billionRanking by Assets*: 5 (*as of Dec 31, 2019, ABL Almanac 2022, converted at LL1507.5/US$) Background BankMed SAL (formerly known as Banque de la Méditerranée SAL) was founded in 1944 in Beirut.1Diebold Nixdorf, ‘Bankmed Launches First Deployment Of DN SeriesTM In Lebanon’, accessed 13 March 2023, https://www.prnewswire.co.uk/news-releases/bankmed-launches-first-deployment-of-dn-series-tm-in-lebanon-835063702.html.↓ Today, the bank is closely associated with two-term […]
Founded: 1961Total Assets*: US$9.09 billionCustomer Deposits*: US$6.78 billionRanking by Assets*: 9 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Credit Libanais was founded in 1961 as a Lebanese joint stock company. The bank’s current Chairman-General Manager, Joseph Torbey, is a veteran of both the Lebanese financial and political scenes. His career in the banking sector includes […]
