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Milestones
Milestones

1963

  • "Realty Business Bank s.a.l," is born in the heart of the Lebanese capital city.

 

1973

  • The Bank is renamed "Bank of Beirut s.a.l".

 

1993

  • The current controlling group headed by Mr. Salim G. Sfeir acquires the five-branch Bank.

 

1994

  • The 4-branch network of "Banque Libano-Bresilienne SAL" is acquired.

 

1995

  • A Matrix Management approach is adopted.

 

1997

  • Bank of Beirut is listed on Beirut Stock Exchange.
  • A strategic alliance with Emirates Bank NBD sees the light.
  • The Bank is the first Lebanon-based bank to offer tailor-made asset and portfolio management services.
  • 2 Risk Participation Agreements with IFC (International Finance Corporation) are signed.

 

1998

  • The 5-branch network of "Mebco Bank SAL" is acquired.
  • "Beirut Brokers Company SARL" is instituted.
  • Bank of Beirut’s network reaches 30 branches.

 

1999

  • "Transorient Bank SAL" (medium-size Lebanese bank) is acquired.
  • Bank of Beirut Cards are launched.
  • Bank of Beirut begins to focus on SMEs.
  •  

2000

  • 1st Lebanese investment Fund is launched.

 

2001

  • A Representative Office in Dubai, UAE, sees the light.
  • The Non-Resident Lebanese package (NRL) is offered to expatriates in GCC.

 

2002

  • Regulated by the Central Bank of Cyprus, a branch is launched in Limassol – Cyprus.
  • "Beirut Riyadh Bank SAL" (medium-size Lebanese bank) is acquired.
  • "Bank of Beirut (UK) Ltd.", fully owned subsidiary in the United Kingdom, is established.
  • USD 55 million Cumulative, Convertible, Callable Preferred Shares (Series "A") are issued.

 

2003

  • USD 34.5 million Cumulative, Convertible, Callable Preferred Shares (Series "B") are issued.

 

2004

  • A Representative Office in Lagos, Nigeria, is established.

 

2005

  • "BOB Finance SAL", wholly-owned financial institution regulated by the Central Bank of Lebanon, is incorporated.
  • USD 73 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "C") are issued.

 

2006

  • Bank of Beirut (UK) Ltd. acquires the private banking portfolio of Scotiabank in UK.
  • The Muscat, Sultanate of Oman, branch is established.
  • The Education Savings Account is launched.
  • The Corporate Governance Guidelines are instituted.

 

2007

  • USD 100 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "D") are issued.
  • "Bank of Beirut Invest SAL" (a wholly owned Investment Bank regulated by the Central Bank of Lebanon) is incorporated.
  • The Profile Cards are introduced to the market.
  • Charity and sports programs are sponsored.
  • Bank of Beirut teams up with IFC for SME-centric credit programs.

 

2008

  • The 11-branch network of Al-Madina Bank SAL is acquired.
  • A second branch in Sohar, Sultanate of Oman, is initiated.
  • USD 60 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "E") are issued.
  • Visa Infinite Card is introduced.
  • Bank of Beirut teams up with EIB (the European Investment Bank) for SME-centric credit programs.

 

2009

  • The Bank is appointed as Agent of Western Union in Lebanon.
  • A branch in Frankfurt, Germany, is established by Bank of Beirut (UK) Ltd.
  • USD 75 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "F") are issued.
  • Salim G. Sfeir, Chairman of Bank of Beirut, is elected Banker of the Year.
  • Bank of Beirut breaks all records for home loans issued in Lebanese Pounds.
  • The Academy is established.

 

2010

  • ALIG Life SAL (insurance company) becomes "Beirut Life Co."
  • USD 124.950 million non-Cumulative, Perpetual, Redeemable, Convertible Preferred Shares (Series "G") are issued.

 

2011

  • 92.5% of the shares of Laiki Bank (Australia) Ltd. are acquired and the Bank bears the name of "Beirut Hellenic Bank"; since changed to Bank of Sydney.
  • USD 135 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "H") are issued.
  • Bank of Beirut teams with Caritas to assist less fortunate people.
  • The state-of-the-art Disaster Centre started its operations in October.
  • The university Affinity Card programs are promoted in 6 universities.
  • Bank of Beirut is the first bank to open till 10 p.m.

 

2012

  • The branch in Ghobra is the third established in the Sultanate of Oman.
  • The new logo reflects the restyled corporate identity.
  • Bank of Beirut’s Online Banking renders the Bank the leading provider of cash management services to commercial clients in Lebanon.
  • Bank of Beirut policy “Know Your Customer” (KYC) is adhered to.
  • USD125Million non- Cumulative, Perpetual, Redeemable Preferred Shares (Series “I”) are issued.

 

2013

  • E-Learning is launched.
  • A new credit card with earnings to the works and missions of Caritas is launched.
  • FATCA (Foreign Account Tax Compliance Act) is abided by and is strictly implemented.
  • CCDM (Cash and Check Deposit Machines) are put on the market.
  • Bank of Sydney Ltd becomes the new name of the Australian subsidiary.
  • Bank of Beirut has successfully gone live on Misys Sophis VALUE
  • CashBack loyalty program is launched in November
  • B-Smart, our 24/7 virtual branch, opens its doors in December

 

2014

  • A Representative Office in Ghana – Accra is established.
  • Bank of Beirut expanded its local network.
  • Bank of Beirut was awarded by Banker ME as the “Fastest Growing Bank in Lebanon.
  • The Premium Lounge serving high net-worth clients is initiated.
  • Bank of Beirut was awarded by MasterCard for the success of the first NGO project in Lebanon “Caritas Affinity Card”.

 

2015

  • Bank of Beirut was awarded by Banker ME as “Best Transaction Bank in the Levant” and “Best Commercial Bank in Lebanon”.
  • Chairman-CEO of Bank of Beirut was recognized as “Banker of the Year in the MENA Region” at the Banker ME Industry Awards.
  • Bank of Beirut expanded its local network .
  • Bank of Beirut was awarded by Banker ME for its “Best Fund”, “Best Cash Management”, “Best Home Finance Product” and Best SME Card”.
  • The B-Smart network is expanded.

2016

  • A new Branch in Barka – Sultanate of Oman is established
  • Bank of Beirut was awarded by Banker ME for its “Best Insurance Product – The Savings Plans”, “Best Online Banking Service”, “Best SME Product – B Business”.
  • Bank of Beirut was recognized by Banker ME as “Best Transaction Bank” and “Best Commercial Bank”.
  • Salim G. Sfeir, Chairman of Bank of Beirut, is elected Best Banker for the year 2015 for his Outstanding Contribution to Banking and Finance” by Banker Middle East.
  • USD100 Million non- cumulative, redeemable Preferred Shares (Series “K”) are issued.
  • USD 50 Million new common shares are issued.
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