Glass Decades: The Sunset of Gulf Exceptionalism
The Iran war has forced a reckoning for the GCC’s 35-year project to build security and splendor.
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Credit Libanais
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 […]
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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‘Overview – LSB’, accessed 13 July 2023, https://www.lebaneseswissbank.com/about-us/overview.↓ In 1988, the bank […]
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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‘Ownership Structure | Banque Bemo’, accessed 13 July 2023, https://www.bemobank.com/ownership-structure.↓ 2↓‘The Group – Obegi Group’, accessed […]
