Fransabank (
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 ...
: فرنسبنك ) is one of the oldest
bank
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 m ...
s 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 ...
. 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
The ''Crédit Foncier d'Algérie et de Tunisie'' (, , abbr. CFAT) was a French colonial bank. It was originally founded in 1880 as the ''Crédit Foncier et Agricole d'Algérie'' (CFAA, ), an Algerian affiliate of Crédit Foncier de France, and ...
(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 Lebanon’s top five banks ...
*
Banque Libano-Française
*
Crédit Libanais
*
Saradar Bank
*
Société Générale de Banque au Liban (SGBL)
*
Lebanese Swiss Bank
*
List of banks in Lebanon
External links
Official Website
References
{{reflist
Banks established in 1921
Banks of Lebanon
Companies based in Beirut