Bank of Beirut SAL
Bank of Beirut was incorporated as a commercial bank on August 19, 1963, under the name of "Realty Business Bank S.A.L". The Bank adopted its current name in 1970. In late 1992, the Bank was acquired by a group of bankers and businessmen headed by the current Chairman-General Manager. In that year, the Bank had five branches and ranked thirty-five in terms of assets out of 71 banks operating then.
Since 1993, the Bank has expanded its operations through organic growth, strategic alliances with regional Arab banking institutions and acquisitions, with the aim of enhancing its market position while minimizing risks.
Today, Bank of Beirut is one of Lebanon's leading commercial banks offering an extensive range of wholesale and retail banking services. The Bank has positioned itself in the local market as the provider of efficient banking services and competitive products, targeting mainly affluent individuals and SMEs, selective sizeable capital investment projects and local "prime" corporations.
The Bank's primary activities consist of retail banking services, including consumer lending, deposits and saving plans, Bancassurance products and cards; a wide range of commercial and corporate banking services, including a variety of credit facilities and lending to large corporations and SMEs; correspondent banking services; trade finance services, including letters of credit and letters of guarantee as well as treasury, capital markets and asset management activities. In 1997, the Bank was the first bank in Lebanon to launch asset management services targeting high net-worth customers in both domestic and regional markets.
We have even reached the Land Down Under with Bank of Sydney and its 16-branch network. On the domestic level, Bank of Beirut operates through a local network of over 70 branches extended throughout the Lebanese territory.
On the international level, the Bank provides commercial banking services in the United Kingdom and across Europe, through our wholly owned subsidiary, Bank of Beirut (U.K.) Ltd, regulated by the Financial Services Authority ("FSA"). The Bank also operates a branch in Germany (Frankfurt), a branch in Cyprus (Limassol) regulated by the Central Bank of Cyprus; 3 branches in the Sultanate of Oman (Muscat, Ghubra and Sohar) regulated by the Central Bank of Oman; a representative office in the United Arab Emirates (Dubai) to service the Gulf region; a representative office in Nigeria (Lagos); and a subsidiary in Australia, Beirut Hellenic Bank Ltd., with a network of 16 branches located in Sydney, Melbourne and Adelaide, regulated by the Australian Prudential Regulation Authority ("APRA").
For more information please refer to www.bankofbeirut.com