 | |
 Theheadquarters of Byblos Bank inBeirut | |
| Company type | Société anonyme libanaise |
|---|---|
| BYB (BSE) BYB (LSE) | |
| Industry | Banking,Financial services |
| Founded | 1963 (current) 1950 as Société Commerciale et Agricole Byblos Bassil Frères & Co. |
| Founders | Semaan Melkan Bassil, Youssef Melkan Bassil, Victor Fernainé, Fouad Fernainé |
| Headquarters | , Lebanon |
Area served | Africa, Europe, Middle-East[1] |
Key people | Semaan Bassil (Chairman and General Manager)[2] |
| Products | Consumer banking,Commercial banking,Correspondent banking,Capital markets |
 US$ 170.1 million (2017)[3] | |
| Total assets | US$ 22.7 billion (2017)[3] |
| Total equity | US$ 2.16 billion (2017)[4] |
Number of employees | 2,524 (2016)[5] |
| Subsidiaries |
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| Website | www.byblosBank.com |
Byblos Bank (Arabic:بنك بيبلوس) is a Lebanese bank established in 1963 and headquartered inBeirut,Lebanon. It is the country's third largest bank by assets.[6] It is one of the Alpha banks in Lebanon, along withBanque Libano-Française S.A.L.,Bank Audi,BLOM Bank, andFransabank,[7] which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon.[8]
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.[9] 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.[10]
It welcomed its first banking clients in 1963 in Jbeil, Lebanon.
The initial founders include Semaan Melkan Bassil, Youssef Melkan Bassil, Victor Fernainé and Fouad Fernainé, all hailing from powerful families based in the ancientPhoenician town ofByblos, north ofBeirut.[11]François Bassil, the current Chairman of Byblos Bank Group, contributed to the establishment of Byblos Bank S.A.L in 1963.[12]
Byblos Bank has established partnerships with several international entities including: theInternational Finance Corporation (IFC), which is the private sector arm of the World Bank Group,[13] theAgence française de développement (AFD), which is a public institution providing development financing and its subsidiary, the Société de Promotion et Participation pour la Coopération Economique (PROPARCO).[14] These institutions are among the Bank's most notable shareholders. In 2009, Byblos Bank appointedThe Bank of New York Mellon as a depositary bank.[15]
Byblos Bank is listed on theBeirut Stock Exchange[16] and became in 2009 the first Lebanese issuer to be listed on theLondon Stock Exchange.[17] It also actively operates in 9 countries in theMiddle East,Europe, andAfrica:the United Kingdom,France,Belgium,Syria,Armenia,Cyprus,the United Arab Emirates,Iraq, andNigeria.[1][18][19]
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| National | |
