Jump to content

Byblos Bank: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
Next edit →
Content deleted Content added
VisualWikitext
Bluebird34 (talk | contribs)
120 edits
←Redirected page to Byblos bank
 
Bluebird34 (talk | contribs)
120 edits
No edit summary
Line 1: Line 1:
#REDIRECT [[Byblos bank]],
{{DISPLAYTITLE:Byblos Bank}}
{{Infobox company
|name = Byblos Bank
|type = [[Public company|Public]]
|traded_as = [[Beirut Stock Exchange|BYB (BSE)]]<br/>[[London Stock Exchange|BYB (LSE)]]
|industry = [[Bank]]ing, [[Financial services]]
|foundation = {{Start date|1963 (current) <br>1950 as Société Commerciale et Agricole Byblos Bassil Frères & Co.}}
|founders = François S. Bassil, Semaan Bassil, Youssef Melkan Bassil, Victor Fernainé, Fouad Fernainé
|location_city = Byblos Bank Headquarters<br />Ashrafieh, Elias Sarkis Avenue<br />[[Beirut]]
|location_country = Lebanon
|key_people = [[François S. Bassil]]<br>''Chairman & General Manager''
|area_served = Worldwide
|products = [[Retail banking|Consumer banking]], [[Commercial bank|Commercial banking]], [[Correspondent banking]], [[Capital market]]
|net_income = {{Decrease}} US$ 112.8&nbsp;million (2014)<ref name=TDS>{{cite news|title=Byblos Bank registers slight drop in profits|url=http://www.dailystar.com.lb/Business/Local/2014/Oct-28/275573-byblos-bank-registers-slight-drop-in-profits.ashx#ixzz3HQ8oSP8i|accessdate=29 October 2014|publisher=The Daily Star|ref=11}}</ref>
|assets = {{nowrap|{{Increase}} US$ 19&nbsp;billion (2014)}}<ref name="TDS" />
|equity = {{nowrap|{{Decrease}} US$ 1.91&nbsp;billion (2014)}}<ref name="TDS" />
|num_employees = 1,799 (2014)
|subsid = Byblos Bank Europe S.A, Byblos Bank Africa, ADIR Insurance and Reinsurance S.A.L, Byblos Bank Syria, Byblos Bank Armenia, Byblos Bank RDC
|homepage = {{URL|https://www.byblosbank.com/|ByblosBank.com}}
}}

'''Byblos Bank''' (abbreviated as '''BYB''') 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=http://www.reuters.com/article/2013/05/13/fitch-affirms-byblos-bank-at-b-outlook-s-idUSFit65749620130513|accessdate=19 August 2014|agency=Reuters|ref=1}}</ref> In 2014, [[The Banker]] magazine listed Byblos Bank as having the highest [[Tier 1 capital]] to assets ratio among Lebanese banks for the fifth consecutive year,<ref>{{cite news|title=Byblos Bank: Lebanon’s Most Solid Bank for Fifth Straight Year|url=http://executive-bulletin.com/finance/byblos-bank-lebanons-most-solid-bank-for-fifth-straight-year|accessdate=30 September 2014|publisher=Executive Magazine|date=18 August 2014|ref=2}}</ref> making it the country’s most solid bank. In 2013, Forbes listed the Bank as the 134th company in the Arab world.<ref>{{cite web|title=#134 Byblos Bank|url=http://www.forbesmiddleeast.com/en/lists/people/pname/byblos-bank/pid/11669|website=Forbes|accessdate=18 August 2014|ref=3}}</ref>
==History==
The bank held about 10% of system assets at end-2012,<ref name="Fitch" /> and is one of the Alpha banks in Lebanon, along with [[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|accessdate=8 October 2014|ref=4}}</ref> which are its main competitors. Byblos Bank currently operates 78 branches in Lebanon.<ref name="busyear">{{cite news|title=Illustrious Banking|url=http://www.thebusinessyear.com/publication/article/2/26/lebanon-2012/illustrious-banking|accessdate=10 October 2014|publisher=The Business Year|ref=5}}</ref> It 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|accessdate=7 October 2014|ref=6}}</ref> 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]]).<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=http://www.proparco.fr/Accueil_PROPARCO/Projets_PROPARCO/Tous-les-projets/Liban-2010-Byblos-Bank|accessdate=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 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|accessdate=3 November 2014|ref=12}}</ref>

==Branches==
Byblos Bank is listed on the [[Beirut Stock Exchange]] (BYB)<ref>{{cite web|title=Byblos Bank (BYB)|url=http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx|website=Beirut Stock Exchange|accessdate=13 October 2014|ref=9}}</ref> and became in 2009 the first Lebanese issuer to list in the [[London Stock Exchange]] for twelve years.<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|accessdate=13 October 2014|ref=10}}</ref> It also actively operates in 11 countries in the Middle East, Europe, and Africa including: the United Kingdom, France, Belgium, Armenia, Cyprus, the United Arab Emirates, Syria, Iraq, Sudan, Nigeria, and the Democratic Republic of the Congo.<ref name="busyear" />

==See also==

*[[List of Banks in Lebanon]]

*[[Banque du Liban]]

*[[Economy of Lebanon]]

==References==
{{reflist}}

==External links==
{{Commons category}}
* {{Official website|https://www.byblosbank.com}}

[[Category:Banks of Lebanon]]
[[Category:1963 establishments in Lebanon]]

Revision as of 09:09, 5 November 2014

Byblos Bank
Company typePublic
BYB (BSE)
BYB (LSE)
IndustryBanking, Financial services
Founded1963 (current)
1950 as Société Commerciale et Agricole Byblos Bassil Frères & Co. (1963 (current)
1950 as Société Commerciale et Agricole Byblos Bassil Frères & Co.)
FoundersFrançois S. Bassil, Semaan Bassil, Youssef Melkan Bassil, Victor Fernainé, Fouad Fernainé
Headquarters
Byblos Bank Headquarters
Ashrafieh, Elias Sarkis Avenue
Beirut
,
Lebanon
Area served
Worldwide
Key people
François S. Bassil
Chairman & General Manager
ProductsConsumer banking, Commercial banking, Correspondent banking, Capital market
Decrease US$ 112.8 million (2014)[1]
Total assetsIncrease US$ 19 billion (2014)[1]
Total equityDecrease US$ 1.91 billion (2014)[1]
Number of employees
1,799 (2014)
SubsidiariesByblos Bank Europe S.A, Byblos Bank Africa, ADIR Insurance and Reinsurance S.A.L, Byblos Bank Syria, Byblos Bank Armenia, Byblos Bank RDC
WebsiteByblosBank.com

Byblos Bank (abbreviated as BYB) is a Lebanese bank established in 1963 and headquartered in Beirut, Lebanon. It is the country’s third largest bank by assets.[2] In 2014, The Banker magazine listed Byblos Bank as having the highest Tier 1 capital to assets ratio among Lebanese banks for the fifth consecutive year,[3] making it the country’s most solid bank. In 2013, Forbes listed the Bank as the 134th company in the Arab world.[4]

History

The bank held about 10% of system assets at end-2012,[2] and is one of the Alpha banks in Lebanon, along with Bank Audi, BLOM Bank, and Fransabank,[5] which are its main competitors. Byblos Bank currently operates 78 branches in Lebanon.[6] It has established partnerships with several international entities including: the International Finance Corporation (IFC), which is the private sector arm of the World Bank Group,[7] 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).[8] These institutions are among the Bank’s most notable shareholders. In 2009, Byblos Bank appointed The Bank of New York Mellon as depositary bank.[9]

Branches

Byblos Bank is listed on the Beirut Stock Exchange (BYB)[10] and became in 2009 the first Lebanese issuer to list in the London Stock Exchange for twelve years.[11] It also actively operates in 11 countries in the Middle East, Europe, and Africa including: the United Kingdom, France, Belgium, Armenia, Cyprus, the United Arab Emirates, Syria, Iraq, Sudan, Nigeria, and the Democratic Republic of the Congo.[6]

See also

References

  1. ^ a b c "Byblos Bank registers slight drop in profits". The Daily Star. Retrieved 29 October 2014.
  2. ^ a b "Fitch Affirms Byblos Bank at 'B'; Outlook Stable". Reuters. Retrieved 19 August 2014.
  3. ^ "Byblos Bank: Lebanon's Most Solid Bank for Fifth Straight Year". Executive Magazine. 18 August 2014. Retrieved 30 September 2014.
  4. ^ "#134 Byblos Bank". Forbes. Retrieved 18 August 2014.
  5. ^ "Top Banks in Lebanon". Marcopolis. Retrieved 8 October 2014.
  6. ^ a b "Illustrious Banking". The Business Year. Retrieved 10 October 2014.
  7. ^ "IFC Byblos Bank Investment to Increase Access to Finance for Small and Medium Enterprises". IFC.org. Retrieved 7 October 2014.
  8. ^ "Soutenir une banque libanaise dans sa stratégie de développement international". http://www.proparco.fr/Accueil_PROPARCO/Projets_PROPARCO/Tous-les-projets/Liban-2010-Byblos-Bank. Retrieved 13 October 2014. {{cite web}}: External link in |website= (help)
  9. ^ "The Bank of New York Mellon Appointed as Depositary Bank by Byblos Bank S.A.L." BNY Mellon. Retrieved 3 November 2014.
  10. ^ "Byblos Bank (BYB)". Beirut Stock Exchange. Retrieved 13 October 2014.
  11. ^ "The London Stock Exchange is delighted to welcome Byblos Bank sal to the Main Market". London Stock Exchange. Retrieved 13 October 2014.
Wikimedia Commons has media related to Byblos Bank.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Byblos_Bank&oldid=632534535"