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AM Bank
AM Bank (or Al-Mawarid Bank, Arabic: بنك الموارد) is a Lebanese medium-size bank that was established in 1980, by Salim Khaireddine, Maroun Kissirwani, and Omar Jundi. The bank provides basic banking services, card processing, investment banking and insurance brokerage. The bank was the first in the country to introduce credit cards in 1995 and to mobile banking in 2010. It is registered under Banque du Liban list at #101. Board of directors * Marwan Kheireddine (Chairman, General Manager) * Ibrahim Hanna Daher * Majid Jumblat * Omar Jundi * Edmond Jreissati * Ibrahim Houssamy * Mahmoud Zeidan * Wassim Khaireddine Products and services The bank provides commercial banking products and services, including current and saving account options with credit, debit and prepaid cards available. It offers personal loans, car loans, educational loans and housing loans. It also offers insurance and investment plans. Other services include online and mobile banking, bills do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AmBank
AmBank Group comprises AMMB Holdings Berhad (AMBANK 1015) is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance. The Group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmBank Islamic, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 175 branches and 766 ATM machines in Malaysia (as stated on its website). AmBank Group was founded in 1975 as Persian - Malaysian Development Bank by Hussain Najadi, the Founder. Tan Sri Azman Hashim, the current group chairman, has an interest of 14.01% in AMMB Holdings as at 30 June 2014. The single largest shareholder in AMMB Holdings is Australia's ANZ Group with a stake of 23.78% as at 30 June 2014.AMMB Holdings Berhad "Annual Report 2014" In 2006, Amcorp's interest in AMMB was reduced to 18.8% from 32.9% after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tripoli, Lebanon
Tripoli ( ar, طرابلس/ALA-LC: ''Ṭarābulus'', Lebanese Arabic: ''Ṭrablus'') is the largest city in northern Lebanon and the second-largest city in the country. Situated north of the capital Beirut, it is the capital of the North Governorate and the Tripoli District. Tripoli overlooks the eastern Mediterranean Sea, and it is the northernmost seaport in Lebanon. It holds a string of four small islands offshore. The Palm Islands were declared a protected area because of their status of haven for endangered loggerhead turtles (''Chelona mydas''), rare monk seals and migratory birds. Tripoli borders the city of El Mina, the port of the Tripoli District, which it is geographically conjoined with to form the greater Tripoli conurbation. The history of Tripoli dates back at least to the 14th century BCE. The city is well known for containing the Mansouri Great Mosque and the largest Crusader fortress in Lebanon, the Citadel of Raymond de Saint-Gilles. It has the second hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1980
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980 Establishments In Lebanon
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 ** Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beirut Stock Exchange
The Beirut Stock Exchange (BSE, Arabic: بورصة بيروت) is the principal and only stock exchange of Lebanon. Located in Beirut, it is a public institution run by a committee including a Chairman, a Vice-Chairman and eight members appointed via a decree issued by the Council of Ministers, in accordance with a proposal by the Minister of Finance. All BSE members are Lebanese Joint stock companies (SAL) with a capital above £L500,000 and registered at the secretariat of the Commercial Register in. Members include holding companies and offshore companies. The BSE authorizes Brokerage firms the operation and trade in securities listed on the BSE according to the Bourse trading system and also lists the issuing companies (called "Listed companies") that have any of their stocks or other financial instruments listed. History Beirut Stock Exchange, the second oldest market in the region, was established in 1920 by a decree of the French commissioner. Trading at that time was co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Lebanon
The economy of Lebanon has been experiencing, as of late 2019, a large-scale, multi-dimensional crisis, including a banking collapse, a liquidity crisis and a sovereign default. It is classified as a developing, lower-middle-income economy. The nominal GDP was estimated at $19 billion in 2020, with a per capita GDP amounting to $2,500. In 2018 government spending amounted to $15.9 billion, or 23% of GDP. The economy significantly expanded after the 2006 Lebanon War, with growth averaging 9.1% between 2007 and 2010. After 2011, the local economy was affected by the Syrian civil war, growing by a yearly average of 1.7% on the 2011–2016 period and by 1.5% in 2017. In 2018, the size of the GDP was estimated to be $54.1 billion. Lebanon is the third-highest indebted country in the world in terms of debt-to-GDP ratio. As a consequence, interest payments consumed 48% of domestic government revenues in 2016, thus limiting the government's ability to make needed investments in infras ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jammal Trust Bank
Jamal Trust Bank (JTB, Arabic: جمّال ترست بنك) was a Lebanese bank founded in 1963, which was forced to close under US sanctions in 2019 for "helping to fund" the Lebanese Shiite Hezbollah movement in Lebanon. JBL had 25 branches in Lebanon, and representative offices in Nigeria, the Ivory Coast and Britain. History It was founded in 1963 as ''Invest Bank''. In 1971, it was bought by Ali Jammal and was renamed from to ''Jammal Investment Bank'' and finally JTB. The Jammal family are major shareholders, and Anwar Jammal, Ali's son, is its chairman and CEO. US sanctions 2019 In 2019, Riad Salameh, Governor of the Central Bank, said that he has approved the JTB self-liquidation request, which came after the sanctions in August of the same year, by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, which stated that the bank had "facilitated banking activities for Hezbollah". See also * List of Lebanese banks * Lebanese Canadian B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Byblos Bank
Byblos Bank (abbreviated as BYB) is a Lebanese bank established in 1963 and headquartered in Beirut, Lebanon. It is the country’s third largest bank by assets. It is one of the Alpha banks in Lebanon, along with Banque Libano-Française S.A.L.BLF, Bank Audi, BLOM Bank, and Fransabank, which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon. History Byblos Bank was initially founded in 1950 as “Société Commerciale et Agricole Byblos Bassil Frères & Co.”, a Lebanese company specialized in natural silk, leather tanning, and agricultural credit activities. In 1961, the company’s name was changed to “Société Bancaire Agricole Byblos Bassil Frères & Co.”, and in 1963 it was established as Byblos Bank S.A.L and registered at the newly established Banque du Liban. The initial founders include Semaan Melkan Bassil, Youssef Melkan Bassil, Victor Fernainé and Fouad Fernainé, all hailing from powerful families based in the ancient Phoenician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanese Canadian Bank
The Lebanese Canadian Bank (LCB), now defunct, was a bank based in Beirut in Lebanon, which maintained a network of 35 branches in Lebanon and a representative office in Montreal, Quebec, Canada. The bank was established in 1960 as Banque des Activities Economiques SAL and was a subsidiary of the Royal Bank of Canada Middle East from 1968 to 1988, when it became a privately owned Lebanese bank. LCB provided corporate, retail, and investment products, and maintained extensive correspondent accounts with banks worldwide, including several U.S. financial institutions. In 2009, LCB's total assets were worth more than $5 billion. In 2011, the US Drug Enforcement Administration and US Treasury and other US government authorities took legal action against LCB alleging that LCB had helped launder hundreds of millions of dollars monthly for a drug trafficking network between South America and the Middle East and Europe, via West Africa, a network which also helped the funding of Hezbollah a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Achrafieh
Achrafieh ( ar, الأشرفية) is an upper-class area in eastern Beirut, Lebanon. In strictly administrative terms, the name refers to a sector (''secteur'') centred on Sassine Square, the highest point in the city, as well as a broader quarter (''quartier''). In popular parlance, however, Achrafieh refers to the whole hill that rises above Gemmayze in the north and extends to Badaro in the south, and includes the Rmeil quarter. Although there are traces of human activity dating back to the neolithic era, the modern suburb was heavily settled by Greek Orthodox merchant families from Beirut's old city in the mid-nineteenth century. The area contains a high concentration of Beirut's Ottoman and French Mandate era architectural heritage. During the civil war, when Beirut was separated into eastern and western halves by the Green Line, Achrafieh changed from a mostly Christian residential area (compared to bustling, cosmopolitan Hamra, in Ras Beirut) to a commercial hub in its o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jounieh
Jounieh ( ar, جونيه, or ''Juniya'', ) is a coastal city in Keserwan District, about north of Beirut, Lebanon. Since 2017, it has been the capital of Keserwan-Jbeil Governorate. Jounieh is known for its seaside resorts and bustling nightlife, as well as its old stone souk, ferry port, paragliding site and gondola lift (''le téléphérique''), which takes passengers up the mountain to the shrine of Our Lady of Lebanon in Harissa. Above Jounieh, and on the way to Harissa, a small hill named Bkerké ( ar, بكركي, links=no, or ''Bkerki''), overlooking the Jounieh bay, is the seat of the Patriarch of the Maronite Catholic Church of Lebanon. Residents of Jounieh and the surrounding towns are overwhelmingly Maronite Catholics. Maameltein is a district of the city. History The medieval Muslim historian al-Idrisi (d. 1165) notes that Jounieh was a sea fortress whose inhabitants were Jacobite Christians. The Syrian geographer Yaqut al-Hamawi (d. 1226) called it a dependen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baakleen
Baakleen or Baakline ( ar, بعقلين) is a major Druze town located in Mount Lebanon, Chouf District, 45 kilometers southeast of Beirut. Altitude 850 – 920 meters high, population is 30,000, area 14 square km, number of homes 2,870. Bordering Towns: Deir El Qamar, Beit Eddine, Aynbal, Deir Dourit, Symkanieh, and Jahlieh. History Founded in the 12th century by the Maan emirs, Baakline served as their capital until the early 17th century when its most famous Emir Fakhreddin II, moved to Deir el Qamar. Today, Baakline is an important Druze town and seat of the sect's religious leader. The beautiful grand serail, the main administrative building of Baakline before World War II, has been restored and transformed into a public library. In the area of the Serail are some Druze religious buildings of the 18th and 19th centuries, including, ancient tombs and Ain Aldiaa water source. The roots of Lebanon as we know it today go back to Baakline. Around the year 1120 A.D., Ami ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
