Established in Jbeil, Lebanon, in 1950, the Byblos Bank Group is a leading financial institution focused on domestic and selected overseas markets. Byblos Bank now has an extensive branch network spread evenly across Lebanon. The Group also has expanded to several other countries, including Armenia, Belgium, Cyprus, France, Iraq, Nigeria, Sudan, Syria, the United Arab Emirates, the United Kingdom and, most recently, the Democratic Republic of the Congo.
Milestones
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Establishment of Société Commerciale et Agricole Byblos Bassil Frères & Co., engaged in natural silk and leather tanning and agricultural credit activities. |
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Acquisition of 66.7% stake in Solidaire Banque Internationale, a bank incorporated in the Democratic Republic of the Congo, now renamed as Byblos Bank RDC. |
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Listing on the London Stock Exchange; issuance of USD 200 million in Series 2009 Preferred Shares; opening of Representative Office in Nigeria. |
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Opening of 75th branch of Byblos Bank S.A.L. in Lebanon; issuance of USD 200 million in Series 2008 Preferred Shares; acquisition of Unicredit Banco Di Roma's Lebanon branch. |
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Acquisition of 100 percent stake in Armenia's International Trade Bank C.J.S.C., renamed Byblos Bank Armenia C.J.S.C. |
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Commencement of Byblos Bank S.A.L. operations in Erbil, Iraq. |
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Opening of Representative Office in Abu Dhabi, UAE; opening of Byblos Bank Syria S.A. with Byblos Bank S.A.L. holding 41.5 percent of shares, the OPEC Fund 7.5 percent and Syrian investors 51 percent. |
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The Islamic Corporation for the Development of the Private Sector takes a 10 percent stake in Byblos Bank Africa, joining the OPEC Fund for International Development (20 percent) as a minority shareholder. |
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Opening of Byblos Bank Africa in Khartoum, Sudan. |
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Acquisition of assets and liabilities of ABN AMRO Bank N.V.'s Lebanon branch. |
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Acquisition of Wedge Bank Middle East's Lebanon branch; acquisition of assets of ING Barings' Lebanon branch. |
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Acquisition of Bank of Nova Scotia's Lebanon branch. |
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Full integration of the subsidiary in Europe as Byblos Bank Europe S.A. |
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Acquisition of Banque de Beyrouth pour le Commerce; listing of 30 percent of shares on Beirut Stock Exchange. |
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Establishment of Adonis Insurance and Reinsurance Company S.A.L. (ADIR). |
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Company's name changed to Byblos Bank S.A.L. and registration with Central Bank of Lebanon. |
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Company's name changed to Société Bancaire Agricole Byblos Bassil Frères & Co. |
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