Bank of Beirut

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2023
2023

In response to economic and operational challenges, a number of branches in Lebanon were strategically reorganized . This decision was driven by the need to streamline operations and adapt to the evolving market conditions.

The bank made notable progress in transaction banking, expanding its reach to more businesses. This growth highlights a strategic focus on enhancing services related to payment processing, cash management, and other transaction-based solutions, while reinforcing its position as a market leader in financial operations within the Medical Sector in Lebanon.

2023
2023
2023

In response to economic and operational challenges, a number of branches in Lebanon were strategically reorganized . This decision was driven by the need to streamline operations and adapt to the evolving market conditions.

The bank made notable progress in transaction banking, expanding its reach to more businesses. This growth highlights a strategic focus on enhancing services related to payment processing, cash management, and other transaction-based solutions, while reinforcing its position as a market leader in financial operations within the Medical Sector in Lebanon.

2022
2022
2022
2022
2022
2022

Bank of Beirut signed a partnership with DHL Express allowing a faster renewal of passports from abroad for Lebanese expatriates

Bank of Beirut cooperates with MasterCard to provide an online payment platform in support of small merchants

Bank of Beirut launched a branch exclusively to serve corporates and businesses operating in the Sultanate of Oman

Bank of Beirut insurance arm, Beirut Brokers s.a.r.l. and Beirut Life s.a.l. started operating under the commercial name of Beirut Insurance Group, leveraging the strengths and resources of both entities

2021
2021
2021

Bank of Beirut worked in tandem with its Fintech and Money Transfer Arm, BoB Finance, to fill the gap of banks in crisis-hit Lebanon, launching a digital wallet 

2020
2020
2020
2020
2020

Bank of Beirut’s Fintech and Money Transfer Arm, BoB Finance witnessed a large expansion of its local network to reach 850 outlets spread across Lebanon

Digital banking solutions catering for NGOs are launched to help nonprofits distribute aids to unbanked beneficiaries hit by Lebanon’s economic crisis

Bank of Beirut backed businesses affected by the Beirut Port blast, offering them facilities at zero% to repair their offices and re-launch their activity

2019
2019
2019
2019
2019
2019
2019
2019
2019
2019

Bank of Beirut invests in a new landmark for its new headquarters in Australia

Bank of Beirut (UK) Ltd has acquired the prestigious 66 Cannon Street property located in the City of London’s financial district for its new headquarters

Bank of Beirut launches the Bank’s digital identity “DIGI”, a complete suite of digital services easily, safely and paperless, by virtue of the most advanced digital technologies

Bank of Beirut Becomes Signatory of the Investors for Governance & Integrity Declaration (IGI).


.Donates 4 vehicles to l’Ecoute NGO in support of their work in the recycling field, offering further support to physically challenged individuals

.Launches its accessibility project whereby branches, ATMs and website were turned accessible for all individuals

.Bank of Beirut launches a new environmental / recycling initiative at bank and national level, engaging with l’Ecoute NGO

.Bank of Beirut joins the Global Compact Network – Lebanon and commits to the 17 SDGs

2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018

Bank of Beirut Wins 5 Banker Middle East Awards: “Fastest Growing Bank”, “Best Retail Bank”, “Best Commercial Bank”, and “Best Transaction Bank”, while Bank of Beirut Chairman Dr. Salim Sfeir was also granted the “Chairman Lifetime Award”

Bank of Beirut Futsal Club wins the Bronze Medal of the Asia Futsal Club Championship, a first in Lebanon

Bank of Beirut is awarded the 2018 Elite Quality Recognition Award for Outstanding Achievement of Best-in-Class MT103 Straight Through Processing (STP)

Bank of Beirut is awarded the ISO 22301 certification in Business Continuity Management by the British Standard Institution (BSI)

Bank of Beirut donates 10 ambulances to the Lebanese Red Cross at the Lebanese Presidential Palace

A Blood Donation drive held in collaboration with the Lebanese Red Cross in Downtown Beirut

Bank of Beirut’s Group Internal Audit upgrades its ISO Certification to the latest version (9001:2015)

The Bank supports youth robotics endeavors and competitions at various universities, including AUB Engineering Design Challenge and NDU VEX

Bank of Beirut announces Merit S.A.L as a new shareholder with a 4.5% stake in the ordinary share capital of the Bank

Laserfiche 2018 Tom Wayman Leadership Award

Bank of Beirut announces Sarkis Nassif as a new shareholder with a 5% stake participation in the Bank’s capital

Launches the Employee Wellness Program along with several Awareness seminars and First-Aid trainings.

Holds a blood donation drive in collaboration with the Lebanese Red Cross in Downtown Beirut


Launches its sustainable initiative, distributing food supplies during Ramadan and Christmas

Support CleverNes in breaking the Guinness World Record for the largest Recyclable plastic Mosaic

2017
2017
2017
2017

Bank of Beirut introduces the "Hybrid Banking" concept through its first of its kind flagship branch in Jdeide B115

Opening of Bank of Beirut’s first set of “Satellite” community branches opened in remote areas, a first of its kind in the Lebanese Banking sector

2016
2016
2016
2016
2016
2016
2016

Bank of Beirut is awarded by Banker ME for its “Best Insurance Product – The Savings Plans”, “Best Online Banking Service”, “Best SME Product – B Business”.

Bank of Beirut is recognized by Banker ME as “Best Transaction Bank” and “Best Commercial Bank”.

Salim G. Sfeir, Chairman - CEO of Bank of Beirut, is nominated Best Banker for the year 2016 for his Outstanding Contribution to Banking and Finance” by Banker Middle East.

USD 100 Million non-cumulative, redeemable Preferred Shares (Series “K”) are issued.
USD 50 Million new common shares are issued.

Partnership with the Lebanese Red Cross

2015
2015
2015
2015
2015
2015
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 expands its local network.

Bank of Beirut is 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.

2014
2014
2014
2014
2014
2014
2014
2014
2014
  • A Representative Office in Ghana – Accra is established.

Bank of Beirut expands its local network.

Bank of Beirut is awarded by Banker ME as the “Fastest Growing Bank in Lebanon".

The Premium Lounge serving high net-worth clients is initiated.

Bank of Beirut is awarded by MasterCard for the success of the first NGO project in Lebanon “Caritas Affinity Card”.

USD 75 Million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series “J”) are issued.

The Walk, Sultanate of Oman, is the fourth established Branch.

2013
2013
2013
2013
2013
2013
2013
2013
2013
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 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.

Bank of Sydney Ltd becomes the new name for the Australian subsidiary.

2012
2012
2012
2012
2012
2012
2012
  • Ghubra-Shatti al Qurm, Sultanate of Oman, is the third established Branch.

The new logo reflects the restyled corporate identity.

Bank of Beirut Online Banking renders the Bank the leading provider of cash management services to commercial clients in Lebanon.

USD 125 Million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series “I”) are issued.

Bank of Beirut policy “Know Your Customer” (KYC) is adhered to.

2011
2011
2011
2011
2011
2011
2011
2011

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.

USD 135 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "H") are issued.

  • 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.
2010
2010
2010
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.
2009
2009
2009
2009
2009
2009
2009
2009

A branch in Frankfurt, Germany, is established by Bank of Beirut (UK) Ltd.

Salim G. Sfeir, Chairman of Bank of Beirut, is elected Banker of the Year.

The Academy is established.

  • The Bank is appointed as Agent of Western Union in Lebanon.

USD 75 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "F") are issued.

Bank of Beirut breaks all records for housing loans issued in Lebanese Pounds.

2008
2008
2008
2008
2008
2008
2008
  • The 11-branch network of Al-Madina Bank SAL is acquired.

Sohar, Sultanate of Oman, is the second initiated Branch.

Bank of Beirut teams up with EIB (the European Investment Bank) for SME-centric credit programs.

USD 60 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "E") are issued.

Visa Infinite Card is introduced.

2007
2007
2007
2007
2007
2007
  • USD 100 million non-Cumulative, Perpetual, Redeemable Preferred Shares (Series "D") are issued.

Charity and sports programs are sponsored.

Bank of Beirut teams up with IFC for SME-centric credit programs.

"Bank of Beirut Invest SAL" (a wholly-owned Investment Bank regulated by the Central Bank of Lebanon) is incorporated.

2006
2006
2006
2006
2006
2006
  • Bank of Beirut (UK) Ltd. acquires the private banking portfolio of Scotiabank in UK.

The Muscat Shatti El Korm Branch, Sultanate of Oman, is established.

The Education Savings Account is launched.

The Corporate Governance Guidelines are instituted.

2005
2005
2005
2005
  • "BOB Finance SAL", a 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.
2004
2004

A Representative Office in Lagos, Nigeria, is established.

2003
2003
2003

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

2002
2002
2002
2002
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.

2001
2001
2001
  • A Representative Office in Dubai, UAE, sees the light.
  • The Non-Resident Lebanese package (NRL) is offered to expatriates in GCC.
2000
2000

First Lebanese investment Fund is launched.

1999
1999
1999
1999
  • "Transorient Bank SAL" (medium-size Lebanese bank) is acquired.

Bank of Beirut Cards are launched.

Bank of Beirut begins to focus on SMEs.

1998
1998
1998
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.

1997
1997
1997
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.

1995
1995
1995

A Matrix Management approach is adopted.

1994
1994
1994

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

1993
1993
1993

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

1970
1970
1970

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

1963
1963
1963

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

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