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Many Lebanon's observers pointed that the initiative lacked transparency: There has been no clear indication of the number of start-up funded, jobs created and money spent. [ 19 ] [ 20 ] The initiative was unable to overcome a major hurdle of the Lebanese economy: banks' extremely risk-averse and conservative attitude towards investment.
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 ...
The bank ranks tenth in Lebanon in terms of assets, with 12,247 billion Lebanese pounds in 2018 compared to 10,444 billion pounds in 2017, an increase of 17.26%. [ 6 ] In 2017, the bank's net profits reached 74 billion Lebanese pounds, with a liquidity rate of 79.77% and a capital efficiency of 14.75%, which is higher than the requirements of ...
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Bank of Beirut was founded in 1963 as Realty Business Bank S.A.L. and in 1970, changed its name to the current name. [1] In 1993, a group of bankers and businessmen headed by Salim Sfeir , the current chairman and CEO, [ 2 ] [ 3 ] acquired the five-branch bank, which ranked 35 out of the 71 banks operating that year, and in 1997, Bank of Beirut ...
BEIRUT (Reuters) - Lebanon's central bank faces leadership uncertainty from Monday when the governor steps down with no appointed successor, risking new dysfunction in a state already hollowed out ...
In 1980 the name was changed to (Lebanon and Gulf Bank), after the ownership of its shares was transferred to a new group of Lebanese businessmen. The bank operates from the headquarter in Beirut Central District, has 18 branches in Lebanon, a branch in Cyprus since1986, another in Iraq, and a representative office in Dubai. [4]
In 2007, Dr. Naaman Azhari was appointed chairman of BLOM BANK Group, and honorary chairman of BLOM BANK Group in 2020, while his son, Saad Azhari, became chairman of the board and general manager of BLOM BANK. [7] The bank adopted BLOM BANK as its brand name in 2000 and acquired the Lebanese subsidiary of HSBC Bank Middle East in 2017. [8]
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