Byblos Bank: Difference between revisions
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{{Short description|Lebanese bank}} |
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{{DISPLAYTITLE:Byblos Bank}} |
{{DISPLAYTITLE:Byblos Bank}} |
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{{Infobox company |
{{Infobox company |
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| location_city = Byblos Bank building<br />Elias Sarkis Avenue <br />[[Beirut]] |
| location_city = Byblos Bank building<br />Elias Sarkis Avenue <br />[[Beirut]] |
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| location_country = Lebanon |
| location_country = Lebanon |
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| key_people = [[Semaan Bassil]]<br/>(''Chairman and General Manager'') <ref>{{cite web|title=François Bassil, Semaan Bassil take new Byblos roles|url=http://www.dailystar.com.lb/Business/Local/2015/Aug-06/309899-francois-bassil-semaan-bassil-take-new-byblos-roles.ashx|website=The Daily Star| |
| key_people = [[Semaan Bassil]]<br/>(''Chairman and General Manager'') <ref>{{cite web|title=François Bassil, Semaan Bassil take new Byblos roles|url=http://www.dailystar.com.lb/Business/Local/2015/Aug-06/309899-francois-bassil-semaan-bassil-take-new-byblos-roles.ashx|website=The Daily Star|access-date=12 January 2018}}</ref> |
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| area_served = Africa, Europe, Middle-East<ref name="busyear" /> |
| area_served = Africa, Europe, Middle-East<ref name="busyear" /> |
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| products = [[Retail banking|Consumer banking]], [[Commercial bank]]ing, [[Correspondent banking]], [[Capital markets]] |
| products = [[Retail banking|Consumer banking]], [[Commercial bank]]ing, [[Correspondent banking]], [[Capital markets]] |
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| net_income = {{Increase}} US$ 170.1 million (2017)<ref name="Zawya2017">{{cite news |title=Byblos Bank confirms its solid financial position at end 2017 |url=https://www.zawya.com/story/Byblos_Bank_confirms_its_solid_financial_position_at_end_2017-ZAWYA20180129113754/ | |
| net_income = {{Increase}} US$ 170.1 million (2017)<ref name="Zawya2017">{{cite news |title=Byblos Bank confirms its solid financial position at end 2017 |url=https://www.zawya.com/story/Byblos_Bank_confirms_its_solid_financial_position_at_end_2017-ZAWYA20180129113754/ |access-date=28 August 2018 |publisher=Zawya}}</ref> |
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| assets = {{nowrap|{{Increase}} US$ 22.7 billion (2017)}}<ref name="Zawya2017" /> |
| assets = {{nowrap|{{Increase}} US$ 22.7 billion (2017)}}<ref name="Zawya2017" /> |
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| equity = {{nowrap|{{Increase}} US$ 2.16 billion (2017)}}<ref name="AnRep2017">{{cite web |title=Annual Report 2017 |url=https://www.byblosbank.com/Library/Assets//Gallery/FinancialResult/AnnualReports/Downloadthefull2017AnnualReport/Annual%20Report%202017.pdf |website=ByblosBank.com | |
| equity = {{nowrap|{{Increase}} US$ 2.16 billion (2017)}}<ref name="AnRep2017">{{cite web |title=Annual Report 2017 |url=https://www.byblosbank.com/Library/Assets//Gallery/FinancialResult/AnnualReports/Downloadthefull2017AnnualReport/Annual%20Report%202017.pdf |website=ByblosBank.com |access-date=28 August 2018}}</ref> |
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| num_employees = 2,524 (2016)<ref>{{cite web|last1=Chalu|first1=Philippe|title=Semaan Bassil, PDG de la Byblos Bank|url=https://www.lecommercedulevant.com/article/26698-semaan-bassil-pdg-de-la-byblos-bank|website=Le Commerce du Levant|date=30 September 2016 | |
| num_employees = 2,524 (2016)<ref>{{cite web|last1=Chalu|first1=Philippe|title=Semaan Bassil, PDG de la Byblos Bank|url=https://www.lecommercedulevant.com/article/26698-semaan-bassil-pdg-de-la-byblos-bank|website=Le Commerce du Levant|date=30 September 2016 |access-date=12 January 2018}}</ref> |
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| subsid = {{ubl |Byblos Bank Europe |[[Byblos Bank Armenia]] |Byblos Bank Syria |ADIR Insurance and Reinsurance }} |
| subsid = {{ubl |Byblos Bank Europe |[[Byblos Bank Armenia]] |Byblos Bank Syria |ADIR Insurance and Reinsurance }} |
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| homepage = {{URL|http://www.byblosbank.com/Global|www.byblosBank.com}} |
| homepage = {{URL|http://www.byblosbank.com/Global|www.byblosBank.com}} |
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}} |
}} |
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'''Byblos Bank''' ({{Langx|ar|بنك بيبلوس}}) is a Lebanese bank established in 1963 and headquartered in [[Beirut]], [[Lebanon]]. It is the |
'''Byblos Bank''' ({{Langx|ar|بنك بيبلوس}}) is a Lebanese bank established in 1963 and headquartered in [[Beirut]], [[Lebanon]]. It is the country's third largest bank by assets.<ref name=Fitch>{{cite news|title=Fitch Affirms Byblos Bank at 'B'; Outlook Stable|url=https://www.reuters.com/article/fitch-affirms-byblos-bank-at-b-outlook-s-idUSFit65749620130513|access-date=19 August 2014|work=Reuters|ref=1|archive-date=29 September 2015|archive-url=https://web.archive.org/web/20150929001931/http://www.reuters.com/article/2013/05/13/fitch-affirms-byblos-bank-at-b-outlook-s-idUSFit65749620130513|url-status=live}}</ref> It is one of the Alpha banks in Lebanon, along with [[Banque Libano-Française S.A.L.]], [[Bank Audi]], [[BLOM Bank]], and [[Fransabank]],<ref name=Marcopolis>{{cite web|title=Top Banks in Lebanon|url=http://www.marcopolis.net/top-banks-in-lebanon.htm|website=Marcopolis|access-date=8 October 2014|ref=4}}</ref> which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon.<ref>{{cite web |title=Annual Report 2017 |url=https://www.byblosbank.com/Library/Assets//Gallery/FinancialResult/AnnualReports/Downloadthefull2017AnnualReport/Annual%20Report%202017.pdf |website=ByblosBank.com |access-date=10 August 2018}}</ref> |
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==History== |
==History== |
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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.<ref>{{cite web|title=Byblos Bank|url=http://www.downtownbeirut.com/banks/byblos-bank|website=Down Town Beirut - Directory| |
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.<ref>{{cite web|title=Byblos Bank|url=http://www.downtownbeirut.com/banks/byblos-bank|website=Down Town Beirut - Directory|access-date=6 November 2014}}</ref> 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 established [[Banque du Liban]].<ref>{{cite web|title=The Byblos Bank Story|url=http://www.byblosbank.com.lb/Global-The-Byblos-Bank-Story|website=ByblosBank.com|publisher=Byblos Bank Group|access-date=6 November 2014|archive-url=https://web.archive.org/web/20170713055025/http://www.byblosbank.com.lb/Global-The-Byblos-Bank-Story|archive-date=13 July 2017|url-status=dead}}</ref> |
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It welcomed its first banking clients in 1963 in Jbeil, Lebanon. |
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⚫ | 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]]n town of [[Byblos]], north of [[Beirut]].<ref>{{cite web|title=Banks Lebanon|url=http://www.ostamyy.com/banks/Lebanon.htm|website=Ostamyy| |
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⚫ | 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]]n town of [[Byblos]], north of [[Beirut]].<ref>{{cite web|title=Banks Lebanon|url=http://www.ostamyy.com/banks/Lebanon.htm|website=Ostamyy|access-date=6 November 2014|archive-url=https://web.archive.org/web/20140328064540/http://www.ostamyy.com/banks/Lebanon.htm|archive-date=28 March 2014|url-status=dead}}</ref> [[François Bassil]], the current Chairman of Byblos Bank Group, contributed to the establishment of Byblos Bank S.A.L in 1963.<ref>{{cite web |title=BYBLOS BANK SAL (BYB) |url=https://www.marketscreener.com/BYBLOS-BANK-SAL-6492663/company/ |website=Market Screener |access-date=10 August 2018}}</ref> |
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==International partnerships== |
==International partnerships== |
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Byblos Bank has established partnerships with several international entities including: the [[International Finance Corporation]] (IFC), which is the private sector arm of the World Bank Group,<ref>{{cite web|title=IFC Byblos Bank Investment to Increase Access to Finance for Small and Medium Enterprises|url=http://www.ifc.org/wps/wcm/connect/region__ext_content/regions/europe+middle+east+and+north+africa/ifc+middle+east+north+africa+and+southern+europe/news/ifc+byblos+bank+investment+to+increase+access+to+finance+for+small+and+medium+enterprises1|website=IFC.org| |
Byblos Bank has established partnerships with several international entities including: the [[International Finance Corporation]] (IFC), which is the private sector arm of the World Bank Group,<ref>{{cite web|title=IFC Byblos Bank Investment to Increase Access to Finance for Small and Medium Enterprises|url=http://www.ifc.org/wps/wcm/connect/region__ext_content/regions/europe+middle+east+and+north+africa/ifc+middle+east+north+africa+and+southern+europe/news/ifc+byblos+bank+investment+to+increase+access+to+finance+for+small+and+medium+enterprises1|website=IFC.org|access-date=7 October 2014|ref=6}}</ref> the [[French Development Agency|Agence 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]]).<ref>{{cite web|title=Soutenir une banque libanaise dans sa stratégie de développement international|url=http://www.proparco.fr/Accueil_PROPARCO/Projets_PROPARCO/Tous-les-projets/Liban-2010-Byblos-Bank|website=Proparco.fr|access-date=13 October 2014|ref=7}}</ref> These institutions are among the Bank's most notable shareholders. In 2009, Byblos Bank appointed [[The Bank of New York Mellon]] as a depositary bank.<ref name=Mellon>{{cite web|title=The Bank of New York Mellon Appointed as Depositary Bank by Byblos Bank S.A.L.|url=http://news.bnymellon.com/index.php?s=20295&item=127213|website=BNY Mellon|access-date=3 November 2014|ref=12|archive-url=https://web.archive.org/web/20141103094834/http://news.bnymellon.com/index.php?s=20295&item=127213|archive-date=3 November 2014|url-status=dead}}</ref> |
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==Listing and areas served== |
==Listing and areas served== |
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Byblos Bank is listed on the [[Beirut Stock Exchange]]<ref>{{cite web|title=Byblos Bank (BYB) |url=http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |archive-url=https://archive.today/20141030134512/http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |url-status=dead |archive-date=30 October 2014 |website=Beirut Stock Exchange |access-date=13 October 2014 |ref=9 }}</ref> and became in 2009 the first Lebanese issuer to be listed on the [[London Stock Exchange]].<ref>{{cite web|title=The London Stock Exchange is delighted to welcome Byblos Bank sal to the Main Market |url=http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |website=London Stock Exchange |access-date=13 October 2014 |ref=10 |url-status=dead |archive-url=https://web.archive.org/web/20140714034815/http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |archive-date=14 July 2014 }}</ref> It also actively operates in 9 countries in the [[Middle East]], [[Europe]], and [[Africa]]: [[the United Kingdom]], [[France]], [[Belgium]], [[Syria]], [[Armenia]], [[Cyprus]], [[the United Arab Emirates]], [[Iraq]], and [[Nigeria]].<ref name="busyear">{{cite web|title=ILLUSTRIOUS BANKING|url=https://www.thebusinessyear.com/lebanon-2012/illustrious-banking/interview|website=The Business Year| |
Byblos Bank is listed on the [[Beirut Stock Exchange]]<ref>{{cite web|title=Byblos Bank (BYB) |url=http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |archive-url=https://archive.today/20141030134512/http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |url-status=dead |archive-date=30 October 2014 |website=Beirut Stock Exchange |access-date=13 October 2014 |ref=9 }}</ref> and became in 2009 the first Lebanese issuer to be listed on the [[London Stock Exchange]].<ref>{{cite web|title=The London Stock Exchange is delighted to welcome Byblos Bank sal to the Main Market |url=http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |website=London Stock Exchange |access-date=13 October 2014 |ref=10 |url-status=dead |archive-url=https://web.archive.org/web/20140714034815/http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |archive-date=14 July 2014 }}</ref> It also actively operates in 9 countries in the [[Middle East]], [[Europe]], and [[Africa]]: [[the United Kingdom]], [[France]], [[Belgium]], [[Syria]], [[Armenia]], [[Cyprus]], [[the United Arab Emirates]], [[Iraq]], and [[Nigeria]].<ref name="busyear">{{cite web|title=ILLUSTRIOUS BANKING|url=https://www.thebusinessyear.com/lebanon-2012/illustrious-banking/interview|website=The Business Year|access-date=10 October 2016|archive-url=https://web.archive.org/web/20190420181625/https://www.thebusinessyear.com/lebanon-2012/illustrious-banking/interview|archive-date=20 April 2019|url-status=dead}}</ref><ref>{{cite web|title=Byblos Bank Releases Financial Results for First Half of 2017|url=https://www.byblosbank.com/about/news-room/byblos-bank-releases-financial-results-for-first-half-of-2017|website=Byblos Bank|access-date=30 May 2018}}</ref><ref>{{cite web |title=Byblos Bank cherche à se retirer de la RDCongo |url=https://www.lecommercedulevant.com/article/28400-byblos-bank-cherche-a-se-retirer-de-la-rdcongo |website=Le Commerce du Levant |date=28 June 2018 |access-date=10 August 2018}}</ref> |
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==See also== |
==See also== |
Latest revision as of 16:45, 11 December 2024
Company type | Société anonyme libanaise |
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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 in Beirut, Lebanon. It is the country's third largest bank by assets.[6] It is one of the Alpha banks in Lebanon, along with Banque Libano-Française S.A.L., Bank Audi, BLOM Bank, and Fransabank,[7] which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon.[8]
History
[edit]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 established Banque 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 ancient Phoenician town of Byblos, north of Beirut.[11] François Bassil, the current Chairman of Byblos Bank Group, contributed to the establishment of Byblos Bank S.A.L in 1963.[12]
International partnerships
[edit]Byblos Bank has established partnerships with several international entities including: the International Finance Corporation (IFC), which is the private sector arm of the World Bank Group,[13] the Agence 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 appointed The Bank of New York Mellon as a depositary bank.[15]
Listing and areas served
[edit]Byblos Bank is listed on the Beirut Stock Exchange[16] and became in 2009 the first Lebanese issuer to be listed on the London Stock Exchange.[17] It also actively operates in 9 countries in the Middle East, Europe, and Africa: the United Kingdom, France, Belgium, Syria, Armenia, Cyprus, the United Arab Emirates, Iraq, and Nigeria.[1][18][19]
See also
[edit]- List of Banks in Lebanon
- Banque du Liban
- Economy of Lebanon
- Semaan Bassil
- Joumana Bassil Chelala
- François Bassil
References
[edit]- ^ a b "ILLUSTRIOUS BANKING". The Business Year. Archived from the original on 20 April 2019. Retrieved 10 October 2016.
- ^ "François Bassil, Semaan Bassil take new Byblos roles". The Daily Star. Retrieved 12 January 2018.
- ^ a b "Byblos Bank confirms its solid financial position at end 2017". Zawya. Retrieved 28 August 2018.
- ^ "Annual Report 2017" (PDF). ByblosBank.com. Retrieved 28 August 2018.
- ^ Chalu, Philippe (30 September 2016). "Semaan Bassil, PDG de la Byblos Bank". Le Commerce du Levant. Retrieved 12 January 2018.
- ^ "Fitch Affirms Byblos Bank at 'B'; Outlook Stable". Reuters. Archived from the original on 29 September 2015. Retrieved 19 August 2014.
- ^ "Top Banks in Lebanon". Marcopolis. Retrieved 8 October 2014.
- ^ "Annual Report 2017" (PDF). ByblosBank.com. Retrieved 10 August 2018.
- ^ "Byblos Bank". Down Town Beirut - Directory. Retrieved 6 November 2014.
- ^ "The Byblos Bank Story". ByblosBank.com. Byblos Bank Group. Archived from the original on 13 July 2017. Retrieved 6 November 2014.
- ^ "Banks Lebanon". Ostamyy. Archived from the original on 28 March 2014. Retrieved 6 November 2014.
- ^ "BYBLOS BANK SAL (BYB)". Market Screener. Retrieved 10 August 2018.
- ^ "IFC Byblos Bank Investment to Increase Access to Finance for Small and Medium Enterprises". IFC.org. Retrieved 7 October 2014.
- ^ "Soutenir une banque libanaise dans sa stratégie de développement international". Proparco.fr. Retrieved 13 October 2014.
- ^ "The Bank of New York Mellon Appointed as Depositary Bank by Byblos Bank S.A.L." BNY Mellon. Archived from the original on 3 November 2014. Retrieved 3 November 2014.
- ^ "Byblos Bank (BYB)". Beirut Stock Exchange. Archived from the original on 30 October 2014. Retrieved 13 October 2014.
- ^ "The London Stock Exchange is delighted to welcome Byblos Bank sal to the Main Market". London Stock Exchange. Archived from the original on 14 July 2014. Retrieved 13 October 2014.
- ^ "Byblos Bank Releases Financial Results for First Half of 2017". Byblos Bank. Retrieved 30 May 2018.
- ^ "Byblos Bank cherche à se retirer de la RDCongo". Le Commerce du Levant. 28 June 2018. Retrieved 10 August 2018.