# Byblos Bank > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Byblos_Bank > Markdown URL: https://mediated.wiki/source/Byblos_Bank.md > Source: https://en.wikipedia.org/wiki/Byblos_Bank > Source revision: 1356426097 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Lebanese bank}} {{DISPLAYTITLE:Byblos Bank}} {{Infobox company | name = Byblos Bank | logo = File:Byblos Bank logo.png | image = Byblos-bank-hq-eliew.jpg | image_caption = The [headquarters](/source/headquarters) of Byblos Bank in [Beirut](/source/Beirut) | type = [Société anonyme libanaise](/source/Soci%C3%A9t%C3%A9_anonyme_libanaise) | traded_as = [BYB (BSE)](/source/Beirut_Stock_Exchange)
[BYB (LSE)](/source/London_Stock_Exchange) | industry = [Bank](/source/Bank)ing, [Financial services](/source/Financial_services) | founded = 1963 (current)
1950 as Société Commerciale et Agricole Byblos Bassil Frères & Co. | founders = Semaan Melkan Bassil, Youssef Melkan Bassil, Victor Fernainé, Fouad Fernainé | hq_location_city = Byblos Bank building
Elias Sarkis Avenue
[Beirut](/source/Beirut) | hq_location_country = Lebanon | key_people = [Semaan Bassil](/source/Semaan_Bassil)
(''Chairman and General Manager'') {{cite web|title=François Bassil, Semaan Bassil take new Byblos roles|url=http://www.dailystar.com.lb/Business/Local/2015/Aug-06/309899-francois-bassil-semaan-bassil-take-new-byblos-roles.ashx|website=The Daily Star|access-date=12 January 2018}} | area_served = Africa, Europe, Middle-East | products = [Consumer banking](/source/Retail_banking), [Commercial bank](/source/Commercial_bank)ing, [Correspondent banking](/source/Correspondent_banking), [Capital markets](/source/Capital_markets) | net_income = {{Increase}} US$ 170.1 million (2017){{cite news |title=Byblos Bank confirms its solid financial position at end 2017 |url=https://www.zawya.com/story/Byblos_Bank_confirms_its_solid_financial_position_at_end_2017-ZAWYA20180129113754/ |access-date=28 August 2018 |publisher=Zawya}} | assets = {{nowrap|{{Increase}} US$ 22.7 billion (2017)}} | equity = {{nowrap|{{Increase}} US$ 2.16 billion (2017)}}{{cite web |title=Annual Report 2017 |url=https://www.byblosbank.com/Library/Assets//Gallery/FinancialResult/AnnualReports/Downloadthefull2017AnnualReport/Annual%20Report%202017.pdf |website=ByblosBank.com |access-date=28 August 2018}} | num_employees = 2,524 (2016){{cite web|last1=Chalu|first1=Philippe|title=Semaan Bassil, PDG de la Byblos Bank|url=https://www.lecommercedulevant.com/article/26698-semaan-bassil-pdg-de-la-byblos-bank|website=Le Commerce du Levant|date=30 September 2016 |access-date=12 January 2018}} | subsidiaries = {{ubl |Byblos Bank Europe |[Byblos Bank Armenia](/source/Byblos_Bank_Armenia) |Byblos Bank Syria |ADIR Insurance and Reinsurance }} | website = {{URL|http://www.byblosbank.com/Global|www.byblosBank.com}} }} '''Byblos Bank''' ({{Langx|ar|بنك بيبلوس}}) is a Lebanese bank established in 1963 and headquartered in [Beirut](/source/Beirut), [Lebanon](/source/Lebanon). It is the country's third largest bank by assets.{{cite news|title=Fitch Affirms Byblos Bank at 'B'; Outlook Stable|url=https://www.reuters.com/article/fitch-affirms-byblos-bank-at-b-outlook-s-idUSFit65749620130513|access-date=19 August 2014|work=Reuters|ref=1|archive-date=29 September 2015|archive-url=https://web.archive.org/web/20150929001931/http://www.reuters.com/article/2013/05/13/fitch-affirms-byblos-bank-at-b-outlook-s-idUSFit65749620130513|url-status=live}} It is one of the Alpha banks in Lebanon, along with [Banque Libano-Française S.A.L.](/source/Banque_Libano-Fran%C3%A7aise_S.A.L.), [Bank Audi](/source/Bank_Audi), [BLOM Bank](/source/BLOM_Bank), and [Fransabank](/source/Fransabank),{{cite web|title=Top Banks in Lebanon|url=https://www.marcopolis.net/top-banks-in-lebanon.htm|website=Marcopolis|access-date=8 October 2014|ref=4}} which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon.{{cite web |title=Annual Report 2017 |url=https://www.byblosbank.com/Library/Assets//Gallery/FinancialResult/AnnualReports/Downloadthefull2017AnnualReport/Annual%20Report%202017.pdf |website=ByblosBank.com |access-date=10 August 2018}} ==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.{{cite web|title=Byblos Bank|url=http://www.downtownbeirut.com/banks/byblos-bank|website=Down Town Beirut - Directory|access-date=6 November 2014}} 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](/source/Banque_du_Liban).{{cite web|title=The Byblos Bank Story|url=http://www.byblosbank.com.lb/Global-The-Byblos-Bank-Story|website=ByblosBank.com|publisher=Byblos Bank Group|access-date=6 November 2014|archive-url=https://web.archive.org/web/20170713055025/http://www.byblosbank.com.lb/Global-The-Byblos-Bank-Story|archive-date=13 July 2017|url-status=dead}} 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 powerful families based in the ancient [Phoenicia](/source/Phoenicia)n town of [Byblos](/source/Byblos), north of [Beirut](/source/Beirut).{{cite web|title=Banks Lebanon|url=http://www.ostamyy.com/banks/Lebanon.htm|website=Ostamyy|access-date=6 November 2014|archive-url=https://web.archive.org/web/20140328064540/http://www.ostamyy.com/banks/Lebanon.htm|archive-date=28 March 2014|url-status=dead}} [François Bassil](/source/Fran%C3%A7ois_Bassil), the current Chairman of Byblos Bank Group, contributed to the establishment of Byblos Bank S.A.L in 1963.{{cite web |title=BYBLOS BANK SAL (BYB) |url=https://www.marketscreener.com/BYBLOS-BANK-SAL-6492663/company/ |website=Market Screener |access-date=10 August 2018}} ==International partnerships== Byblos Bank has established partnerships with several international entities including: the [International Finance Corporation](/source/International_Finance_Corporation) (IFC), which is the private sector arm of the World Bank Group,{{cite web|title=IFC Byblos Bank Investment to Increase Access to Finance for Small and Medium Enterprises|url=http://www.ifc.org/wps/wcm/connect/region__ext_content/regions/europe+middle+east+and+north+africa/ifc+middle+east+north+africa+and+southern+europe/news/ifc+byblos+bank+investment+to+increase+access+to+finance+for+small+and+medium+enterprises1|website=IFC.org|access-date=7 October 2014|ref=6}} the [Agence française de développement](/source/French_Development_Agency) (AFD), which is a public institution providing development financing and its subsidiary, the Société de Promotion et Participation pour la Coopération Economique ([PROPARCO](/source/PROPARCO)).{{cite web|title=Soutenir une banque libanaise dans sa stratégie de développement international|url=http://www.proparco.fr/Accueil_PROPARCO/Projets_PROPARCO/Tous-les-projets/Liban-2010-Byblos-Bank|website=Proparco.fr|access-date=13 October 2014|ref=7}} These institutions are among the Bank's most notable shareholders. In 2009, Byblos Bank appointed [The Bank of New York Mellon](/source/The_Bank_of_New_York_Mellon) as a depositary bank.{{cite web|title=The Bank of New York Mellon Appointed as Depositary Bank by Byblos Bank S.A.L.|url=http://news.bnymellon.com/index.php?s=20295&item=127213|website=BNY Mellon|access-date=3 November 2014|ref=12|archive-url=https://web.archive.org/web/20141103094834/http://news.bnymellon.com/index.php?s=20295&item=127213|archive-date=3 November 2014|url-status=dead}} ==Listing and areas served== Byblos Bank is listed on the [Beirut Stock Exchange](/source/Beirut_Stock_Exchange){{cite web|title=Byblos Bank (BYB) |url=http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |archive-url=https://archive.today/20141030134512/http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/SearchByCode/0/Default.aspx |url-status=dead |archive-date=30 October 2014 |website=Beirut Stock Exchange |access-date=13 October 2014 |ref=9 }} and became in 2009 the first Lebanese issuer to be listed on the [London Stock Exchange](/source/London_Stock_Exchange).{{cite web|title=The London Stock Exchange is delighted to welcome Byblos Bank sal to the Main Market |url=http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |website=London Stock Exchange |access-date=13 October 2014 |ref=10 |url-status=dead |archive-url=https://web.archive.org/web/20140714034815/http://www.londonstockexchange.com/companies-and-advisors/news-events/welcome/19-02-09-byblos-bank.htm |archive-date=14 July 2014 }} It also actively operates in 9 countries in the [Middle East](/source/Middle_East), [Europe](/source/Europe), and [Africa](/source/Africa): [the United Kingdom](/source/the_United_Kingdom), [France](/source/France), [Belgium](/source/Belgium), [Syria](/source/Syria), [Armenia](/source/Armenia), [Cyprus](/source/Cyprus), [the United Arab Emirates](/source/the_United_Arab_Emirates), [Iraq](/source/Iraq), and [Nigeria](/source/Nigeria).{{cite web|title=ILLUSTRIOUS BANKING|url=https://www.thebusinessyear.com/lebanon-2012/illustrious-banking/interview|website=The Business Year|access-date=10 October 2016|archive-url=https://web.archive.org/web/20190420181625/https://www.thebusinessyear.com/lebanon-2012/illustrious-banking/interview|archive-date=20 April 2019|url-status=dead}}{{cite web|title=Byblos Bank Releases Financial Results for First Half of 2017|url=https://www.byblosbank.com/about/news-room/byblos-bank-releases-financial-results-for-first-half-of-2017|website=Byblos Bank|access-date=30 May 2018}}{{cite web |title=Byblos Bank cherche à se retirer de la RDCongo |url=https://www.lecommercedulevant.com/article/28400-byblos-bank-cherche-a-se-retirer-de-la-rdcongo |website=Le Commerce du Levant |date=28 June 2018 |access-date=10 August 2018}} ==See also== *[List of Banks in Lebanon](/source/List_of_Banks_in_Lebanon) *[Banque du Liban](/source/Banque_du_Liban) *[Economy of Lebanon](/source/Economy_of_Lebanon) *[Semaan Bassil](/source/Semaan_Bassil) *[Joumana Bassil Chelala](/source/Joumana_Bassil_Chelala) *[François Bassil](/source/Fran%C3%A7ois_Bassil) {{Portal|Banks}} ==References== {{Reflist}} ==External links== * {{Official website|https://www.byblosbank.com}} {{Authority control}} Category:Banks of Lebanon Category:1963 establishments in Lebanon Category:Companies based in Beirut --- Adapted from the Wikipedia article [Byblos Bank](https://en.wikipedia.org/wiki/Byblos_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Byblos_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.