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: 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‘Overview – LSB’, accessed 13 July 2023, https://www.lebaneseswissbank.com/about-us/overview.↓ In 1988, the bank […]
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‘BLC Bank’, accessed 13 July 2023, https://www.blcbank.com/content/about/milestones.aspx?modid=1.1↓ Over half a century of operations, the bank opened subsidiaries in France (1956), Switzerland (1961), and Brazil […]
Legal loopholes and self-interested gatekeepers will likely prevent justice from running its course
Understanding Lebanon’s compromised judiciary, the challenges to judicial independence, and the impact on human rights, using two case studies: freedom from torture and the right to own property.
