Bankmed SAL (
Arabic
Arabic (, , or , ) is a Central Semitic languages, Central Semitic language of the Afroasiatic languages, Afroasiatic language family spoken primarily in the Arab world. The International Organization for Standardization (ISO) assigns lang ...
: بنك البحر المتوسط ش.م.ل; formerly ''Banque de la Méditerranée S.A.L)'' is a
Lebanese bank, established in 1944, owned by the holding company ''GroupMed''.
It is one of Lebanon’s top five banks by both assets and deposits,
and has 36 branches in
Lebanon
Lebanon, officially the Republic of Lebanon, is a country in the Levant region of West Asia. Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, it is bordered by Syria to the north and east, Israel to the south ...
, and one in
Geneva
Geneva ( , ; ) ; ; . is the List of cities in Switzerland, second-most populous city in Switzerland and the most populous in French-speaking Romandy. Situated in the southwest of the country, where the Rhône exits Lake Geneva, it is the ca ...
(called ''Bankmed Suisse''). Bankmed is owned by the family of
Rafic Hariri
Rafic Bahaa El Deen al-Hariri (; 1 November 1944 – 14 February 2005) was a Lebanese businessman and politician who served as Prime Minister of Lebanon, prime minister of Lebanon from 1992 to 1998 and again from 2000 to 2004.
Hariri headed fi ...
,
the former prime minister and billionaire businessman who was assassinated in 2005. The bank is also the largest shareholder in
Solidere
Solidere s.a.l. is a Lebanese joint-stock company in charge of planning and redeveloping Beirut Central District following the conclusion, in 1990, of the Lebanese Civil War. By agreement with the government, Solidere has special powers of emi ...
, the real estate company that rebuilt
Beirut's Central District after the
Lebanese Civil War
The Lebanese Civil War ( ) was a multifaceted armed conflict that took place from 1975 to 1990. It resulted in an estimated 150,000 fatalities and led to the exodus of almost one million people from Lebanon.
The religious diversity of the ...
.
In 2020, former minister
Raya El Hasan was appointed as chairperson of the board after the resignation of Mohammad Hariri.
Bankmed’s total assets by 2018 were $19 billion.
Background
Egypt-based Jordanian businessman Alaa Al Khawaja acquired the 42.24 percent stake of
Ayman Hariri
Ayman Rafic Hariri (أيمن الحريري; born 16 May 1978) is a Lebanese billionaire businessman, the second-youngest son of tycoon Rafic Hariri. He is the CEO and co-founder of the social network Vero, and the former deputy CEO of Saudi ...
in GroupMed Holding which fully owns Bankmed. The other shareholders in GroupMed are
Saad Hariri
Saad El-Din Rafik Al-Hariri ( ; born 18 April 1970) is a Lebanese people, Lebanese businessman and politician who served as the Prime Minister of Lebanon, prime minister of Lebanon from 2009 to 2011 and 2016 to 2020. The son of Rafic Hariri, he ...
(42.24%) and
Nazek Hariri (the remaining 15.5 percent).
Key people
*
Raya El Hasan, Chairperson of the Board
* Michel Accad, Executive General Manager
*
Nazik Hariri
Nazik Hariri (née Audi; ) is the widow of former Prime Minister of Lebanon Rafic Hariri. She married him in 1976. Nazik is of Palestinians in Lebanon, Palestinian origin.
She married twice. She has three children from her second spouse, Rafic H ...
, Board Member
See also
*
List of Banks in Lebanon
*
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 Lib ...
*
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 ...
*
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 ...
*
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 ran ...
*
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. ...
References
{{reflist
Banks of Lebanon
1944 establishments in Asia