Bankmed SAL (
Arabic
Arabic (, ' ; , ' or ) is a Semitic languages, Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C ...
: بنك البحر المتوسط ش.م.ل; formerly ''Bankmed SAL)'' is a
Lebanese bank, established in 1944, owned by the holding company ''GroupMed''.
It is one of Lebanon’s top five banks by both assets and deposits,
and has 36 branches in
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 li ...
,and one in
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-speaki ...
(called ''Bankmed Suisse''). Bankmed is owned by the family of
Rafic Hariri
Rafic Bahaa El Deen Al Hariri ( ar, رفيق بهاء الدين الحريري; 1 November 1944 – 14 February 2005) was a Lebanese business tycoon and politician who served as the Prime Minister of Lebanon from 1992 to 1998 and again from ...
,
the former prime minister and billionaire businessman who was assassinated in 2005. The bank is also the largest shareholder in
Solidere
Solidere s.a.l. is a Lebanese joint-stock company in charge of planning and redeveloping Beirut Central District following the conclusion, in 1990, of the Lebanese Civil War. By agreement with the government, Solidere has special powers of emin ...
, the real estate company that rebuilt
Beirut's Central District after the
Lebanese Civil War
The Lebanese Civil War ( ar, الحرب الأهلية اللبنانية, translit=Al-Ḥarb al-Ahliyyah al-Libnāniyyah) was a multifaceted armed conflict that took place from 1975 to 1990. It resulted in an estimated 120,000 fatalities a ...
.
In 2020, former minister
Raya El Hasan was appointed as chairperson of the board after the resignation of Mohammad Hariri.
Bankmed’s total assets by 2018 were $19 billion.
Background
Egypt-based Jordanian businessman Alaa Al Khawaja acquired the 42.24 percent stake of
Ayman Hariri
Ayman Rafic Hariri (born 16 May 1978) is a Lebanese billionaire businessman, the second-youngest son of tycoon Rafic Hariri. He is the CEO and co-founder of the social network Vero, and the former deputy CEO of Saudi Oger.
Early life
Ayman Ha ...
in GroupMed Holding which fully owns Bankmed. The other shareholders in GroupMed are
Saad Hariri
Saad El-Din Rafik Al-Hariri ( ar, سعد الدين رفيق الحريري, translit=Saʿd ad-Dīn Rafīq al-Ḥarīrī; born 18 April 1970) is a Lebanese-Saudi politician who served as the prime minister of Lebanon from 2009 to 2011 and 2016 t ...
(42.24%) and
Nazek Hariri (the remaining 15.5 percent).
Key people
*
Raya El Hasan, Chairperson of the Board
* Michel Accad, Executive General Manager
*
Nazik Hariri
Nazik Hariri (née Audi; ar, نازك حريري) is the widow of former Prime Minister of Lebanon Rafic Hariri. She married him in 1976. Nazik is of Palestinian origin.
She married twice. She has three children from her second spouse, Rafic Ha ...
, Board Member
See also
*
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 B ...
*
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 ma ...
*
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 ban ...
*
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.B ...
*
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 ...
*
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 ...
References
{{reflist
Banks of Lebanon
1944 establishments in Asia