Adonis Insurance and Reinsurance (ADIR)
Partnership With NATIXIS Assurances - France
ADIR is a subsidiary of Byblos Bank established in 1983. The company combines financial stability with an ongoing quest for product innovation and an uncompromising commitment to its customers in terms of service, coverage, and proper handling of claims. ADIR provides a comprehensive range of standard and tailored insurance products to both individual and institutional clients, including life, fire, general accident and medical coverage, among others. In 2001, Natixis Assurances, the fifth largest bancassurance group in France and an affiliate of Natixis Banques Populaires, acquired a 34 percent stake in ADIR, with Byblos Bank retaining a controlling interest of 64 percent. The Group believes that the association with the French banking giant will continue to facilitate the offering of bancassurance services to Byblos Bank customers in Lebanon and other selected markets where ADIR seeks to forge local partnerships.
Byblos Bank Europe S.A.
Byblos Bank Europe S.A. is a European-regulated Belgian bank with total assets of almost USD 1 billion and total equity of more than USD 120 million. Since 1976, Byblos Bank Europe S.A. has been offering Trade Finance and Correspondent Banking services to Arab traders and entrepreneurs, European exporters, and MENA financial institutions. Through its Head Office in Brussels and its Paris (1980) and London (1981) branches, Byblos Bank Europe S.A. covers most of the African and Middle Eastern markets. As part of the Byblos Bank Group network, Byblos Bank S.A. has a highly specialized team that fulfills all the Commercial Banking needs of its customers. The Bank is also engaged in Treasury and Institutional Banking with emerging-market banks.
Byblos Bank Africa
After three decades of prosperous business in Sudan via local banks and a selected customer base, the Group established Byblos Bank Africa in 2003. Operating under Islamic Sharia’a, Byblos Bank Africa’s main lines of business are commercial banking and correspondent banking. Following a capital increase in 2012, Byblos Bank S.A.L. remains the largest shareholder in Byblos Bank Africa (56.9%), followed by the OPEC Fund for International Development (17.5%) and the Islamic Corporation for the Development of the Private Sector (8.75%).
Byblos Invest Bank S.A.L.
Byblos Invest Bank S.A.L. was established in 2003 as a means of increasing medium- and long-term investment options for the Group’s customers. Under Lebanese law and the regulations of the Central Bank and the Banking Control Commission, Byblos Invest Bank S.A.L. is a specialized institution: its main objectives are to allow customers to benefit from attractive interest rates on term deposits for periods longer than six months, and to provide medium- and long-term loans to new and expanding companies. In addition to ongoing Treasury activities, Byblos Invest Bank S.A.L. offers the following services through its Investment Banking Department: Business Plans, Feasibility Studies, Company Valuation, Company Restructuring, and Mergers & Acquisitions. In addition, Byblos Invest Bank can be instrumental in mobilizing funds (debt, equity, and quasi-equity) through private placement memorandums, as well as in matchmaking between potential investors and sellers.
Byblos Bank Syria S.A.
Founded in 2005, Byblos Bank Syria has developed a wide range of commercial, corporate and retail banking services to meet the needs of clients in the Syrian market. In 2011, Byblos Bank Syria successfully completed a capital increase to 6.12 billion Syrian Pounds (SYP), equivalent to 12,240,000 shares. Byblos Bank S.A.L. increased its share in Byblos Bank Syria from 41.5% to 52.37%, while the OPEC Fund for International Development share remained at 7.5% and that of Syrian investors stood at 40.13%. In May 2012, a 5:1 stock split was carried out, increasing the number of shares to 61,200,000 at SYP 100 per share.
Byblos Bank Armenia C.J.S.C.
Following the 2007 acquisition of a 100% stake in International Trade Bank, the institution was renamed Byblos Bank Armenia and commenced operations in 2008 as the Group’s fourth overseas subsidiary. Byblos Bank S.A.L. holds 65% of Byblos Bank Armenia’s shares, while the European Bank for Reconstruction and Development (25%) and the OPEC Fund for International Development (10%) hold the remainder. With four branches – three of them in the capital, Yerevan – Byblos Bank Armenia continues to develop products that address local needs.
Byblos Bank RDC S.A.R.L.
On 27 March 2010, Byblos Bank S.A.L. participated in the capital increase of Solidaire Banque Internationale S.A.R.L., a bank incorporated in the Democratic Republic of the Congo. Byblos Bank S.A.L. became the major shareholder, with 66.67 percent of the shares, and acquired management control. Renamed Byblos Bank RDC S.A.R.L., the Bank operates as an independent subsidiary of the Byblos Bank Group, with its Head Office in Kinshasa and one branch in the capital’s Gombe District. It provides mainly commercial lending, transfers and payments, letters of credit, letters of guarantee, and documentary collection services.