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First National Bank (Lebanon)
First National Bank (Arabic: فرست ناشونال بنك) is a Lebanese financial bank, established in the year 1991 under the name (Bank of Commerce SAL). The bank continued to carry out limited banking activities until the year 1994, when a group of Gulf businessmen acquired the bank's shares, including Mr. Mohammed Al-Sager. In the year 2000, ''Lebanon Invest SAL'' acquired 62% of the bank's shares, and in 2002 the aforementioned bank merged with the '' Societe Bancaire du Liban (SBL)'' and the name was changed to ''First National Bank''. The bank includes 24 branches in Lebanon. Key people * Rami Nemer, chairman (2009) See also * List of Banks in Lebanon *Byblos Bank * Audi Bank *Banque du Liban *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. Th ... ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beirut
Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint of Lebanon's Mediterranean coast. Beirut has been inhabited for more than 5,000 years, and was one of Phoenicia's most prominent city states, making it one of the oldest cities in the world (see Berytus). The first historical mention of Beirut is found in the Amarna letters from the New Kingdom of Egypt, which date to the 14th century BC. Beirut is Lebanon's seat of government and plays a central role in the Lebanese economy, with many banks and corporations based in the city. Beirut is an important seaport for the country and region, and rated a Beta + World City by the Globalization and World Cities Research Network. Beirut was severely damaged by the Lebanese Civil War, the 2006 Lebanon War, and the 2020 massive explosion in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lies to its west across the Mediterranean Sea; its location at the crossroads of the Mediterranean Basin and the Arabian hinterland has contributed to its rich history and shaped a cultural identity of religious diversity. It is part of the Levant region of the Middle East. Lebanon is home to roughly six million people and covers an area of , making it the second smallest country in continental Asia. The official language of the state is Arabic, while French is also formally recognized; the Lebanese dialect of Arabic is used alongside Modern Standard Arabic throughout the country. The earliest evidence of civilization in Lebanon dates back over 7000 years, predating recorded history. Modern-day Lebanon was home to the Phoenicians, a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheque
A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the ''drawer'', has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the ''drawee'', to pay the amount of money stated to the payee. Although forms of cheques have been in use since ancient times and at least since the 9th century, they became a highly popular non-cash method for making payments during the 20th century and usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debit Cards
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term ''plastic card'' includes the above and as an identity document. These are similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of a purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a stored value with which a payment is made (prepaid card), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on the Internet and there is no physical card. This is referred to as a virtual card. In many countries, the use of debit cards has become so widespread they have overtaken checks in volume, or have entirely replaced them; in some instances, debit cards h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Al-Sager
Mohammed Jassem Al-Sager (born 18 June 1951; ar, محمد جاسم الصقر) is a journalist, businessman, and politician. Background Al-Sager received a bachelor's degree in economics from Whittier College (California, US) in 1975. He then worked for five years at the Industrial Bank of Kuwait, where he became Corporate Finance Manager. In 1980, he left the bank to become Chairman and Managing Director of Coast Investment & Development Co. Journalism In 1983 he began working as a journalist, serving as editor-in-chief of ''Al-Qabas'' (English: "The Firebrand"), a daily newspaper. He continued in the role until his election to Parliament in 1999. In 1992 he was awarded the International Press Freedom Award of the Committee to Protect Journalists "for courageous reporting on political and human rights issues in the face of government threats of censorship and prosecution". Along with colleague Ibrahim Marzouk, he was sentenced to six months in prison in 1998 on charges of "in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Bancaire Du Liban
Société Bancaire du Liban S.A.L. (former Banque Zilkha) was a Lebanese bank, founded in 1958, and headquartered in Sassine square, Achrafieh, Beirut Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint o .... The bank was founded by the Bashi and Lawi families. On 31 December 2002, the bank merged into First National Bank SALbr>ref> References See also * Banque Zilkha {{DEFAULTSORT:Societe Bancaire Du Liban 1958 establishments in Lebanon 2002 disestablishments in Lebanon Banks established in 1958 Banks disestablished in 2002 Defunct companies of Lebanon Banks of Lebanon Companies based in Beirut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...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] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Du Liban
Banque du Liban (BdL, ar, مصرف لبنان, English: Bank of Lebanon) is the central bank of Lebanon. It was established on August 1, 1963, and became fully operational on April 1, 1964. It is currently headed by Riad Salameh. One of the main responsibilities of the bank is issuing Lebanon's currency, the Lebanese Pound. Other responsibilities include maintaining monetary stability, regulation of money transfers, and maintaining the soundness of the banking sector. Banking is a very important part of Lebanon's economy with over 100 different banks, which makes the role of BdL particularly important. It currently owns 99.37% of the shares of Lebanon's national carrier, Middle East Airlines. The BdL is also the dominant shareholder of the Intra Investment Company (IIC) which in turn owns 53% of Casino du Liban, making it the only central bank worldwide to rule over a Las Vegas-style gambling casino. Besides the main branch in Beirut, it has branches in Aley, Baalbeck, Bikfaya ... [...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] |
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