Societe Generale de Banque au Liban S.A.L. (SGBL), (
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 سوسيتيه جنرال في لبنان, founded in 1953), is a
Lebanese bank, and a subsidiary of SGBL Group,
and offers banking services in the Middle East (
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 ...
,
Jordan
Jordan, officially the Hashemite Kingdom of Jordan, is a country in the Southern Levant region of West Asia. Jordan is bordered by Syria to the north, Iraq to the east, Saudi Arabia to the south, and Israel and the occupied Palestinian ter ...
), the Gulf (
United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...
) and
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
(Cyprus, France and Monaco).
Antoun Sehnaoui
Antoun Sehnaoui (born 3 November 1972) is a Lebanese banker and film producer, He is the chairman of the board of the SGBL Group, comprising the Société Générale de Banque au Liban (SGBL), the Société Générale de Banque in Jordan (SGBJ) ...
is the company's chairman, chief executive officer and main
shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...
.
The other main shareholders are Kafinvest Holding Lebanon Company SAL,
Société Générale (France) and NSKINV Ltd.
SGBL offers a range of banking services to individuals and companies.
Société Générale (France) holding
In 2020, local reports verified that Société Générale (France) did not divest from its holding in SGBL after an allegation that SGBL is a "troubled and mismanaged bank." Société Générale (France) had set aside provisions to compensate for the downgrade in Lebanon's credit rating for the previous fiscal year because the downgrade caused a decrease in the value of its holding in SGBL.
Corporate social responsibility and sustainable development
Corporate social responsibility and sustainable development have been an integral part of SGBL’s identity and they are based on four pillars: sports,
culture, society and economic growth.
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
*
Crédit Libanais
*
Fransabank
*
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