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Intercontinental Bank Of Lebanon
Intercontinental Bank of Lebanon (IBL Bank, Arabic: انتركونتيننتال لبنان) is a Lebanese Bank with headquarters and main branch located in Achrafieh, Beirut, Lebanon. , the bank had 20 branches in Lebanon, in addition to foreign branches in Cyprus, Erbil, Baghdad, and Basra. History The bank was established in 1961 as ''Development Bank SAL (بنك الإنماء)''. In September 1998, the majority of the bank's shares were bought by a group of Lebanese and foreign investors. A year later, in September 1999, the bank acquired the entire shares of ''BCP Bank Group'', and since that date it has operated under the name Intercontinental Bank of Lebanon (IBL). Key people * Salim Habib, Chairman and General Manager (formerly a member of parliament) * Kamal Abi Ghosn, Executive Member of the Board * Dr. Elie A. Assaf, Independent Member of the Board * Me. Michel J. Tuéni, Executive Member of the Board See also * List of Banks in Lebanon * Banque du Liban * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baghdad
Baghdad ( or ; , ) is the capital and List of largest cities of Iraq, largest city of Iraq, located along the Tigris in the central part of the country. With a population exceeding 7 million, it ranks among the List of largest cities in the Arab world, most populous cities in the Middle East and Arab world and forms 22% of the Demographics of Iraq, country's population. Spanning an area of approximately , Baghdad is the capital of its Baghdad Governorate, governorate and serves as Iraq's political, economic, and cultural hub. Founded in 762 AD by Al-Mansur, Baghdad was the capital of the Abbasid Caliphate and became its most notable development project. The city evolved into a cultural and intellectual center of the Muslim world. This, in addition to housing several key academic institutions, including the House of Wisdom, as well as a multi-ethnic and multi-religious environment, garnered it a worldwide reputation as the "Center of Learning". For much of the Abbasid era, duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Lebanon
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Lebanon
The economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, including a banking collapse, the Lebanese liquidity crisis and a sovereign default. It is classified as a developing, lower-middle income economy. The nominal GDP was estimated at $19 billion in 2020, with a per capita GDP amounting to $2,500. In 2018 government spending amounted to $15.9 billion, or 83% of GDP. The Lebanese economy went through a significant expansion after the 34-day war of 2006, with growth averaging 9.1% between 2007 and 2010. After 2011 the local economy was affected by the Syrian civil war, growing by a yearly average of 1.7% on the 2011–2016 period and by 1.5% in 2017. In 2018, the size of the GDP was estimated to be $54.1 billion. Between 2019 and 2021, the economy shrank by 53.4%, the highest contraction in a list of 193 countries. Since 2020, the International Monetary Fund no longer publishes data on the Lebanese economy. Lebanon is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fransabank
Fransabank (Arabic: فرنسبنك ) is one of the oldest banks in Lebanon. Today, Fransabank Group has a consolidated presence in eight countries: Lebanon, France, Algeria, Sudan, Belarus, Iraq, UAE (Abu Dhabi) and Ivory Coast. The Group also ranks first in terms of local branch network with 125 branches strategically spread all over the country. History In 1921, the Bank opened as a branch of Crédit Foncier d'Algérie et de Tunisie (CFAT). In 1963, the CFAT was renamed to the new name of ''Société Centrale de Banque'', and in 1971 its Lebanese entity was purchased by Banque Française pour le Moyen-Orient SAL (BFMO), a Lebanese banking company. After numerous mergers with other Lebanese banks, in 1982 the bank was renamed Fransabank. See also * BankMed Bankmed SAL (Arabic: بنك البحر المتوسط ش.م.ل; formerly ''Banque de la Méditerranée S.A.L)'' is a Lebanon, Lebanese bank, established in 1944, owned by the holding company ''GroupMed''. It is one of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Byblos Bank
Byblos Bank () is a Lebanese bank established in 1963 and headquartered in Beirut, Lebanon. It is the country's third largest bank by assets. It is one of the Alpha banks in Lebanon, along with Banque Libano-Française S.A.L., Bank Audi, BLOM Bank, and Fransabank, which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon. History 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. 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. 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 powe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Audi
Bank Audi (, previously Bank Audi- Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private banking and Treasury and Capital Markets segments. Bank Audi operates principally in Lebanon, Europe and the MENA region. As at end-March 2025, Bank Audi’s consolidated assets reached LBP 1,311,298 billion, principally driven by private customers’ deposits of LBP 1,115,003 billion, with shareholders’ equity reaching LBP 84,097 billion. Bank Audi’s group staff headcount exceeds 1,650 employees and its shareholders’ base encompasses more than 1,500 holders of common shares and/or holders of Global Depositary Receipts (GDRs) representing common shares. History Bank Audi was founded in 1830, but was only incorporated as a bank in 1962. Members of the Audi family, as well as Kuwaiti investors, were the first shareholders. Since 1983, the shareholder base ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Du Liban
''Banque du Liban'' (; English: Bank of Lebanon) is the central bank of Lebanon. It was established on August 1, 1963, and became fully operational on April 1, 1964. In 2023, Wassim Mansouri stepped up as interim governor of the Banque du Liban after Lebanon failed to name a successor to Riad Salameh, whose term finished in July 2023. Salameh, who was chairman for 30 years, has been accused of corruption, money laundering and running the largest Ponzi scheme in history; he was additionally labeled "the world’s worst central banker". He is currently under sanctions by Canada, the United Kingdom and the United States. One of the main responsibilities of the bank is issuing Lebanon's currency, the Lebanese Pound. Other responsibilities include maintaining monetary stability, regulation of money transfers, and maintaining the soundness of the banking sector. Banking is a very important part of Lebanon's economy with over 100 different banks, which makes the role of BdL particul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basra
Basra () is a port city in Iraq, southern Iraq. It is the capital of the eponymous Basra Governorate, as well as the List of largest cities of Iraq, third largest city in Iraq overall, behind Baghdad and Mosul. Located near the Iran–Iraq border at the north-easternmost extent of the Arabian Peninsula, the city is situated along the banks of the Shatt al-Arab that empties into the Persian Gulf. It is consistently one of the hottest cities in Iraq, with summer temperatures regularly exceeding . Built in 636 as a military camp, Basra played an important role as a regional hub of knowledge, trade and commerce during the Islamic Golden Age and is home to the first mosque built outside the Arabian Peninsula. It was a center of the History of slavery, slave trade in Mesopotamia, until the Zanj Rebellion, Zanj rebellion in Battle of Basra (871), 871. Historically, Basra is one of the ports from which the fictional Sinbad the Sailor embarked on his journeys. It has experienced numerou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erbil
Erbil (, ; , ), also called Hawler (, ), is the capital and most populated city in the Kurdistan Region of Iraq. The city is the capital of the Erbil Governorate. Human settlement at Erbil may be dated back to the 5th millennium BC. At the heart of the city is the ancient Citadel of Erbil and Mudhafaria Minaret. The earliest historical reference to the region dates to the Third Dynasty of Ur of Sumer, when King Shulgi mentioned the city of Urbilum. The city was later conquered by the Assyrian people, Assyrians. In the 3rd millennium BC, Erbil was an independent power in its area. It was conquered for a time by the Gutians. Beginning in the late 2nd millennium BC, it came under Assyrian control. Subsequent to this, it was part of the geopolitical province of Assyria under several empires in turn, including the Median Empire, the Achaemenid Empire (Achaemenid Assyria), Macedonian Empire, Seleucid Empire, Kingdom of Armenia (antiquity), Armenian Empire, Parthian Empire, Assyria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
