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Fri, 09 Jan 2009 | 03:08 GMT

Byblos Bank   (BYB.LBSE)
Also known as: Byblos Bank Group
Sector | Industry
Financial Services | Commercial Banks
 
Country of Origin
Lebanon
Last Trade
1.63 USD
0.00%
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Oct 11, 2007
 
Joint Stock
 
 
Retail and corporate commercial banking including deposits, loans and credit cards; private banking; bancassurance.
Société Commerciale et Agricole Byblos Bassil Frères et Co and Société Bancaire Agri-cole Byblos Bassil Frères et Co
1950
1,500
84
Lebanon (74)
Syria (6)
Iraq
 
Sudan
France
UK
 
Belgium
Cyprus
 
 
UAE
 
 
 
 
BYB 
Ordinary 
USD 
 
 Key Officers
Francois Bassil
Chairman and Managing Director and General Manager
Semaan Bassil
Vice Chairman and General Manager and Acting Head of Financial Markets
 
 Contact Details
Address:
Byblos Bank Building
Elias Sarkis Avenue
Achrafieh
P.O. Box 11-5605
Beirut
Lebanon
 
+961 1-335200
 
+961 1-339436
 
achrafieh@byblosbank.com.lb
 
www.byblosbank.com.lb

 
  Latest Headline
Moody’s Upgrades Outlook For Four Lebanese Banks - MEES
 
  Business Overview
Byblos Bank (Byblos) traces its roots back to 1950, when Victor and Fouad Ferneiné, Semaan and Youssef Melkan Bassil founded "Société Commerciale et Agricole Byblos Bassil Frères and Co". The company initially dealt with natural silk and leather tanning and carried out some lending activities related to the agricultural, commercial and transportation sectors. In 1961, the company's name was changed to "Société Bancaire Agri-cole Byblos Bassil Frères et Co". In 1963, the new name became Byblos Bank and was registered at the Central Bank of LebanonCentral Bank of LebanonLoading....

Byblos provides a list of services that include retail, corporate, private and correspondent banking. It also offers, through its subsidiaries, insurance, and investment services.

During the 1975 civil war in Lebanon, Byblos expanded internationally by establishing a sister bank in Brussels in 1976 as well as branches in Paris in 1980, London in 1981, and Cyprus in 1984. It focused on serving Lebanese and Arab clientele in addition to serving as correspondent banker for selected banks in some Middle Eastern countries.

In 1983, Byblos established Adonis Insurance and Reinsurance Company (ADIR)Adonis Insurance and Reinsurance Company (ADIR)Loading.... In December 1997, Byblos merged with Banque Beyrouth pour le Commerce. In 1998, Byblos Bank Europe was integrated into Byblos and in May of the same year, Byblos listed 30% of its outstanding shares on the Beirut Stock ExchangeBeirut Stock ExchangeLoading....

In May 2001, Byblos signed a partnership with Bancassurrance Group "Natexis Banque Populaire". The French Group acquired 34% of ADIR. Same year Byblos acquired Wedge Bank. Also in 2001, Byblos acquired the assets of ING BARINGS in Lebanon.

In March 2002, Byblos was granted a USD5 million credit line from Saudi Fund for DevelopmentSaudi Fund for DevelopmentLoading... (SFD). The same year, Byblos acquired the assets and liabilities of ABN AMRO Bank (Lebanon Branch).

In March 2003, Byblos issued USD100 million Preferred Shares and increased its capital to USD500 million. Also in 2003, Byblos opened a new Bank in Sudan, Byblos Bank AfricaByblos Bank AfricaLoading.... In October 2003, Byblos established Byblos Invest Bank, which offers middle and long-term investment possibilities.

In 2005, Byblos established a subsidiary in Syria. Byblos Bank SyriaByblos Bank SyriaLoading... became the sixth private bank to set up operations in Syria following legislation to reform and modernize the banking sector. In July 2006, Byblos received license approval from the Central Bank of IraqCentral Bank of IraqLoading... and announced plans to launch a new branch in 2007.

In January 2006, Byblos announced that it will list all its shares in the Beirut Stock ExchangeBeirut Stock ExchangeLoading....
 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Byblos Bank Iraq Iraq 100.00%
International Trade Bank Armenia 100.00%
Byblos Invest Bank Lebanon 99.99%
Byblos Bank Europe Belgium 99.95%
Adonis Brokerage House Lebanon 99.40%
Adonis Insurance and Reinsurance Company [via Byblos Invest Bank] Lebanon 64.00%
Byblos Bank Africa Sudan 56.86%
Byblos Venture Region-wide 50.00%
Byblos Bank Syria Syria 41.50%
Adonis Insurance and Reinsurance - Syria Syria 40.00%
ADIR Syria Syria -
Berytech Lebanon -
Investments
 
Name  Country  Holding
Jordan Ahli Bank Jordan 9.88%
Funds
 
Name  Country  Holding
Byblos Private Equity Fund Lebanon -
Equity Linked Notes Lebanon -
Index Linked Notes Lebanon -
Related Organizations
 
Name  Country  Holding
Association of Banks In Lebanon Lebanon -
 
 
  Representatives
Auditors
Semaan Gholam and Company
Ernst and Young Lebanon
Law Firms
 
Abouhamed Merheb Nohra Chamoun and Chedid
 
 
Competitors  
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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