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Byblos Bank (abbreviated as BYB) is a Lebanese bank established in 1963 and headquartered in
BLF
,
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 ...
, 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 ...
. 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.
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 ...
BLF
,
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 ...
, BLOM Bank
BLOM BANK ( French: Banque du Liban et D’Outre Mer; Arabic: بنك لبنان والمهجر) is a Lebanese bank established in 1951 and has been frequently selected as the Best Bank in Lebanon by the most recognized regional and international ...
, and 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 ...
, 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 establishedBanque 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 ...
.
The initial founders include Semaan Melkan Bassil, Youssef Melkan Bassil, Victor Fernainé and Fouad Fernainé, all hailing from powerful families based in the ancient Phoenicia
Phoenicia () was an ancient thalassocratic civilization originating in the Levant region of the eastern Mediterranean, primarily located in modern Lebanon. The territory of the Phoenician city-states extended and shrank throughout their histor ...
n town of Byblos
Byblos ( ; gr, Βύβλος), also known as Jbeil or Jubayl ( ar, جُبَيْل, Jubayl, locally ; phn, 𐤂𐤁𐤋, , probably ), is a city in the Keserwan-Jbeil Governorate of Lebanon. It is believed to have been first occupied between 880 ...
, north of 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 ...
. François Bassil
François Semaan Bassil (born March 15, 1934) is a prominent Lebanese banker. He was chairman and General Manager of Byblos Bank, one of Lebanon's top three banks from July 1979 to July 2015, and has served as chairman of the Board of the Associa ...
, the current Chairman of Byblos Bank Group, contributed to the establishment of Byblos Bank S.A.L in 1963.
International partnerships
Byblos Bank has established partnerships with several international entities including: theInternational Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...
(IFC), which is the private sector arm of the World Bank Group, the Agence française de développement
The French Development Agency (french: Agence française de développement, AFD) is a public financial institution that implements the policy defined by the French Government. It works to fight poverty and promote sustainable development. This pub ...
(AFD), which is a public institution providing development financing and its subsidiary, the Société de Promotion et Participation pour la Coopération Economique ( PROPARCO). These institutions are among the Bank’s most notable shareholders. In 2009, Byblos Bank appointed The Bank of New York Mellon
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financ ...
as depositary bank.
Listing and areas served
Byblos Bank is listed on theBeirut 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 ...
(BYB) and became in 2009 the first Lebanese issuer to be listed on the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
. It also actively operates in 9 countries in the Middle East
The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...
, Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
, and Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
including: the United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
, France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
, Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
, Armenia
Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Ox ...
, Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geo ...
, the United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...
, Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...
, and Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...
.
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 ...
*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 ...
*Semaan Bassil
Semaan Bassil (born 1965) is the Chairman - General Manager of Byblos Bank S.A.L., Lebanon’s third largest listed bank, and Chairman - General Manager of Byblos Invest Bank S.A.L. He also sits on the boards of several Byblos Bank subsidiaries, a ...
* Joumana Bassil Chelala
*François Bassil
François Semaan Bassil (born March 15, 1934) is a prominent Lebanese banker. He was chairman and General Manager of Byblos Bank, one of Lebanon's top three banks from July 1979 to July 2015, and has served as chairman of the Board of the Associa ...
*Bank of Beirut
Bank of Beirut (Arabic: بنك بيروت, not to be confused with Bank of Beirut and the Arab Countries) is a commercial bank in Beirut, Lebanon. Bank of Beirut was founded in 1963 as Realty Business Bank S.A.L. and in 1970, changed its name to ...
* Cedrus Bank
Cedrus Bank (part of the Cedrus Group) is a Lebanese bank founded in 2015, which caters to individuals and businesses in Lebanon and the region.
On March 3, 2018, ''Cedrus Invest Bank'' announced the acquisition of Standard Chartered Bank in Leb ...
* Banque Libano-Française
* First National Bank
* Intercontinental Bank of Lebanon (IBL)
Intercontinental Bank of Lebanon (IBL Bank, Arabic: انتركونتيننتال لبنان) one of the financial banks in Lebanon, established in 1961 as ''Development Bank SAL (بنك الإنماء)''.
In September 1998, the majority of the b ...
* Lebanon and Gulf Bank Bank of Lebanon and the Gulf (LGB Bank SAL, Arabic: بنك لبنان والخليج) is one of the financial banks of Lebanon. it was established in 1963, and was then named (Bank of Credit Agricole). In 1980 the name was changed to (Lebanon and Gu ...
* Saradar Bank
Saradar Bank (Arabic: بنك موقع) is a Lebanese bank, licensed by the Banque du Liban, previously known as ''Audi-Saradar Bank'' during the merging with Bank Audi from 2004 till 2016. There is very little information known about Saradar Bank ...
* AM Bank (Al-Mawarid Bank)
References
External links
* {{Authority control Banks of Lebanon 1963 establishments in Lebanon Companies based in Beirut