Banque Libano-Française S.A.L.
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Banque Libano-Française S.A.L.
Banque Libano-Française (BLF, Arabic: البنك اللبناني الفرنسي) is a Lebanon, Lebanese bank holding number 10 on Banque du Liban List of Banks. It was established as a joint stock company in 1967. Its head office is located at the Beirut Liberty Plaza Building, Hamra District, Beirut, Lebanon. It is one of the leading banks in Lebanon and an important participant in the Lebanese economy. As at end of December 2023, BLF operates in Lebanon through a network of 36 branches, 1 e-branch and 180 ATMs. Abroad, BLF Group is present in France and Cyprus (Banque SBA), in Switzerland (LF Finance Suisse), in the United Arab Emirates (a representative office in Abu Dhabi), and in Nigeria (a representative office in Lagos). It has 877 employees, including 799 persons employed in Lebanon. It is also available through several digital channels, namely the My BLF mobile apps. While it has historically been a commercial bank, the Bank has diversified its activities and c ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Compagnie Algérienne
The ''Compagnie Algérienne'', from 1942 o 1948 ''Compagnie Algérienne de Crédit et de Banque'' ("Algerian Credit and Banking Company"), was a significant French bank with operations in Algeria, Morocco, Tunisia and Lebanon as well as mainland France. It was formed in 1877 in a restructuring of its predecessor entity, the ''Société Générale Algérienne'' ("General Algerian Company"), itself founded in 1865-68. The Compagnie Algérienne eventually merged in 1960 with the Banque de l'Union Parisienne. Following a series of subsequent restructurings, its main successor entities as of 2022 are the Crédit du Nord in France, the in Algeria, the Banque de Tunisie in Tunisia, Attijariwafa Bank in Morocco, and the Banque Libano-Française in Lebanon. Société Générale Algérienne The (SGA) was created in Paris on , at a time of ambitious outward-oriented French business initiatives such as the Suez Company (est. 1858) or Imperial Ottoman Bank (est. 1863 with British partn ...
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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 ...
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Fransabank
Fransabank (Arabic: فرنسبنك ) is one of the oldest banks in Lebanon. Today, Fransabank Group has a consolidated presence in eight countries: Lebanon, France, Algeria, Sudan, Belarus, Iraq, UAE (Abu Dhabi) and in Ivory Coast. The Group also ranks first in terms of local branch network with 125 branches strategically spread all over the country. History In 1921, the Bank opened as a branch of Crédit Foncier d'Algérie et de Tunisie (CFAT). In 1963, the bank was renamed to the new name of ''Société Centrale de Banque'', and in 1971 was purchased by Banque Française pour le Moyen-Orient SAL (BFMO), a Lebanese banking company. After numerous mergers with other Lebanese banks, in 1982 the bank was renamed Fransabank. See also * BankMed * Banque Libano-Française * Crédit Libanais * Saradar Bank * Société Générale de Banque au Liban (SGBL) * Lebanese Swiss Bank * List of banks in Lebanon This is a list of banks in Lebanon. List of banks Central bank * Banque ...
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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 ...
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Bank Audi
Bank Audi (Arabic: بنك عودة, previously Bank Audi- Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private banking and Treasury and Capital Markets segments. Bank Audi has a network of 116 branches and more than 300 ATMs, and worldwide correspondents in 25 cities globally. It operates principally in Lebanon, in the MENA region and in Turkey. As of September 2021, Bank Audi's private customers’ deposits reached USD 20.8 billion, with shareholders’ equity reaching US$2.7 billion, and consolidated assets totaling US$28.0 billion. History Bank Audi was founded in 1830, but was only incorporated as a bank in 1962. Members of the Audi family, as well as Kuwaiti investors, were the first shareholders. Since 1983, the shareholder base has expanded and currently consists of more than 1,500 holders of Common Shares and Global Depository Receipts. In ...
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List Of Banks In Lebanon
This is a list of banks in Lebanon. List of banks Central bank * Banque du Liban (BDL) List of Banks Lebanese based banks sorted by their significant presence domestically and overseas: * Bank Audi * Byblos Bank * Bank of Beirut * Bank of Beirut and Arab Countries * BankMed * Banque Libano-Française * BLOM Bank * BSL Bank * Cedrus Bank * Creditbank * Crédit Libanais * First National Bank * Fransabank * Intercontinental Bank of Lebanon (IBL) * Lebanon and Gulf Bank * Saradar Bank * Bank of Beirut * Société Générale de Banque au Liban (SGBL) * Lebanese Swiss Bank * AM Bank (Al-Mawarid Bank) * Lebanese Canadian Bank * Jammal Trust Bank * CSCBank * Intra Bank * Fenicia Bank Foreign banks * Citi * Arab Bank * Banca di Roma * National Bank of Kuwait (Lebanon) Closed banks * Al-Madina Bank See also * Economy of Lebanon * List of banks in the Arab world External links Banking in Lebanon {{DEFAULTSORT:List Of Banks In Lebanon Banks Lebanon Business in Leba ...
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Farid Raphaël
Farid Raphaël (1933–2014) was a Lebanese economist and banker. He was the founder, chairman and general manager of the Banque Libano-Française (BLF). Early life and education He was born Farid Élias Raphaël in Dlebta, Lebanon, on 28 October 1933. He hailed from a Maronite family. He was a graduate of the Saint Joseph University where he obtained a degree in Lebanese law. He also received a degree in French law from the University of Lyon. Career Following his graduation Raphaël started his career at the French bank Compagnie Algérienne de Crédit et de Banque, later known as Compagnie Algérienne, in 1956. He was its deputy director. He established the Banque Libano-Française in 1976. He was appointed minister of finance, minister of justice and minister of telecommunications to the cabinet of Prime Minister Salim Hoss in 1976 which he held until 1979. Then Raphaël was named as the chairman and general manager of the BLF in 1979 which he assumed until his death i ...
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Limassol
Limassol (; el, Λεμεσός, Lemesós ; tr, Limasol or ) is a city on the southern coast of Cyprus and capital of the district with the same name. Limassol is the second largest urban area in Cyprus after Nicosia, with an urban population of 183,658 and a metropolitan population of 239,842. In 2014, Limassol was ranked by TripAdvisor as the 3rd up-and-coming destination in the world, in its Top 10 Traveler's Choice Destinations on the Rise list. The city is also ranked 89th worldwide in Mercer's Quality of Living Survey (2017). In the 2020 ranking published by the Globalization and World Cities Research Network, Limassol was classified as a "Gamma −" global city. History Limassol was built between two ancient Greek cities, Amathus and Kourion, and during Byzantine rule it was known as Neapolis (new town). Limassol's historical centre is located around its medieval Limassol Castle and the Old Port. Today the city spreads along the Mediterranean coast and has extende ...
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Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ...
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Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economist Intelli ...
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Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the context of ...
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