Bank Profiles

Byblos Bank

Founded: 1950Total Assets*: US$17.24 billionCustomer Deposits*: US$13.2 billionRanking by Assets*: 4 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) History Businessman Semaan Bassil Sr. and his brother Youssef Melkan Bassil established Société Commerciale et Agricole Byblos Bassil Frères & Co. in 1950, renaming it Byblos Bank in 1963 after their city of origin.¹ […]

Editorial Staff

31 March 2023

Bank Profiles

MEAB

Founded: 1991Total Assets*: US$1.46 billionCustomer Deposits*: US$1.41 billionRanking by Assets*: 20 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Middle East and Africa Bank SAL (MEAB) was set up in 1991 by the Hojeij family.¹ Its current chairman is Ali Hojeij.²‘MEAB Announces New Board Chairman’, MEAB bank of Lebanon, […]

Jonathan Cole

31 March 2023

Bank Profiles

SGBL

Société Générale de Banque au Liban

Editorial Staff

31 March 2023

Bank Profiles

Lebanese Swiss Bank

Founded: 1962Total Assets*: US$2.87 billionCustomer Deposits*: US$2.42 billionRanking by Assets*: 19 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Lebanese Swiss Bank (LSB) was founded in 1962. In 1973, the bank was bought by Credit Suisse and henceforth operated under the Credit Suisse (Moyen Orient) SAL.¹ In 1988, the bank […]

Jonathan Cole

31 March 2023

Bank Profiles

Fransabank

Founded: 1921Total Assets*: US$15.06 billionCustomer Deposits*: US$12.34 billionRanking by Assets*: 6 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background First established as a Lebanese branch of Crédit Foncier D’Algérie et de Tunisie (CFAT) in 1921, Fransabank is the oldest registered bank in Lebanon. The bank changed name and ownership multiple times until Adnan and Adel Kassar bought a majority shareholding in […]

Editorial Staff

31 March 2023

Bank Profiles

Creditbank

Founded: 1981Total Assets*: US$3.68 billionCustomer Deposits*: US$2.97 billionRanking by Assets*: 13 (*as of Dec 31, 2020, Bilanbanques 2021, converted at LL1507.5/US$) Background Creditbank was founded in 1981 under the name Credit Bancaire by Joseph Khalife and Fouad Zoghby. It acquired Credit Lyonnais SAL, the local subsidiary of the French bank Credit Lyonnais, in 2002, and changed its name to Creditbank.¹Creditbank, […]

Editorial Staff

31 March 2023

Bank Profiles

Saradar

Founded: 2016Total Assets*: US$2.04 billionCustomer Deposits*: US$1.73 billionRanking by Assets*: 18 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background The Saradar family established its first financial enterprise in 1948 when Marius Saradar registered a joint stock company under the name Banque Saradar SAL in 1956.¹ Marius’ son Joe ascended to […]

Jonathan Cole

31 March 2023

Bank Profiles

BEMO

Founded: 1994Total Assets*: US$2.40 billionCustomer Deposits*: US$1.67 billionRanking by Assets*: 17 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Banque Bemo SAL was established in 1994 by the Obegi Group, a conglomerate of companies owned by a family of the same name.¹ ²‘The Group – Obegi Group’, accessed […]

Jonathan Cole

31 March 2023

Bank Profiles

BLC

Founded: 1949Total Assets*: US$3.50 billionCustomer Deposits*: US$2.80 billionRanking by Assets*: 16 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background The Abou Jaoudeh family founded BLC in 1949 under the name Banque Libanaise pour le Commerce.¹ Over half a century of operations, the bank opened subsidiaries in France (1956), Switzerland (1961), and Brazil […]

Jonathan Cole

31 March 2023

Bank Profiles

IBL

Intercontinental Bank Lebanon

Editorial Staff

31 March 2023

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