Top Banks in Lebanon
Overview of Lebanon's leading financial institutions
Overview of Lebanon's leading financial institutions
Founded in 1967, the Banking Control Commission of Lebanon (BCCL) is an administratively independent body created to assume the functions of the Central Bank of Lebanon’s banking control department. The BCCL supervises financial institutions, comptoirs, exchange institutions, and banks in Lebanon. It evaluates the financial soundness of the institutions primarily through periodic on-site and off-site investigations.
In 2017, the value of the Lebanese banking sector’s assets reached USD 227 billion, with 14 banks accounting for 87% of the total amount. Moody’s Investor Services also upgraded its outlook on the domestic banking system from negative to stable, reflecting an improvement in the country’s economic growth and better political stability.
For anyone considering a banking career in Lebanon, this list is a helpful guide on where to start. To learn more, see our list of financial institutions.
Bank Audi is the largest bank in Lebanon based on customers’ deposits, total assets, shareholders’ equity, loans, and advances. The bank offers a diversified range of financial products and services in personal banking, business banking, and private banking segments. It operates in 11 countries through three financial companies and 10 banks, supported by 204 branches, 474 ATMs, and 35 ITMs. Bank Audi was established in 1830 and was incorporated in its current form in 1962.
Revenue: USD 1.51 billion (2017)
Net income: USD 559 million (2017)
Total assets: USD 43.75 billion (2017)
Established in 1951, BLOM Bank is one of the biggest banks in Lebanon, offering a full range of banking products and services to its clients. The bank operates through the following segments: Private Banking, Commercial Banking, Corporate Banking, Investment Banking, Retail Banking, Islamic Banking, Capital Market Services, Asset and Wealth Management, and Insurance Products and Services. Headquartered in Beirut, it oversees a network of 77 branches in Lebanon, 15 branches in Cyprus/Jordan, two branches in Iraq, and a representative office in Abu Dhabi.
Revenue: USD 2.78 billion (2017)
Net income: USD 731.55 million (2017)
Total assets: USD 49.06 billion (2017)
Byblos Bank started its operations in 1963 in Jbeil, Lebanon. The bank, along with its subsidiaries and affiliated banks, offers a full range of banking and insurance services to both local and foreign clients. Headquartered in Beirut, it manages several branches in Lebanon and in nine other locations abroad.
Revenue: LBP 1.7 trillion (2017)
Net income: LBP 256.45 billion (2017)
Total assets: LBP 34.16 trillion (2017)
Established in 1921 as a branch of Credit Foncier d’Algerie de Tunisie, Fransabank is one of Lebanon’s oldest banks. The bank provides retail banking, corporate banking, and investment and private banking services. As of end-2016, the bank employed 1,712 staff and oversaw a network of 124 domestic branches across the country.
Revenue: LBP 1.63 trillion (2016)
Net income: LBP 302.94 billion (2016)
Total assets: LBP 31.44 trillion (2016)
Societe Generale de Banque au Liban (SGBL) was incorporated in 1953 Banque Belgo-Libanaise sal, a partnership among Banque Belge pour l’Etranger, Michel Sehnaoui & Sons, and Compagnie Belge de Banque et de Gestion. SGBL operates through three main segments – Retail, Corporate, and Private Banking – offering a wide range of standard, diversified, as well as tailor-made banking services.
Revenue: LBP 1.35 trillion (2016
Net income: LBP 303 billion (2016)
Total assets: LBP 28.67 trillion (2016)
Bank of Beirut provides consumer banking, commercial banking, corporate banking, correspondent banking, asset management and capital market services in both domestic and regional markets. The bank manages 70 branches across the Lebanese territory, 24 branches in other countries, as well as representative offices in Nigeria, Ghana and the UAE (Dubai). In addition to the traditional branch setup, it also oversees Smart and Hybrid Branches, as well as Satellite Branches to serve customers in remote areas.
Net income: USD 201.37 million (2016)
Total assets: USD 17.21 billion (2016)
Bankmed was first established in 1944 as a credit institution called Banque Naaman et Soussou. The bank offers a range of financial products and services to individual and business customers in Lebanon, supported by 2,658 employees. The group operates a network of 65 local branches, 131 local ATMs, five overseas branches, and five banking subsidiaries.
Revenue: LBP 1.09 trillion (2016)
Net income: LBP 176.82 billion (2016)
Total assets: LBP 22.71 trillion (2016)
Banque Libano-Francaise provides commercial and corporate banking services in Lebanon, focusing on medium and large private sector businesses. The bank also offers retail banking, investment banking anf global markets, private banking and wealth management, and international and correspondent banking services. Based in Beirut, it manages 58 branches and 109 ATMs throughout the country.
Revenue: LBP 900.48 billion (2016)
Net income: LBP 168.42 billion (2016)
Total assets: LBP 19.17 trillion (2016)
Founded in 1961, Credit Libanais engages in retail banking, corporate banking, and electronic banking services in Lebanon. The bank is one of the pioneers in Lebanese banking technology, launching ATM services, payment platforms, POS technologies, and internet banking innovations. The group’s network comprises 77 branches, 95 ATMs, and 10,329 POS terminals. In addition to Lebanon, it is also present in Bahrain, Cyprus, Iraq, Senegal, and Canada.
Revenue: LBP 853 billion (2016)
Net income: LBP 106.94 billion (2016)
Total assets: LBP 16.07 trillion (2016)
IBL Bank was established in 1961 as Development Bank SAL. In 2008, the bank changed its name to IBL Bank from Intercontinental Bank of Lebanon to boost its positioning and brand awareness. Headquartered in Beirut, IBL oversees 20 active branches across the country, as well as three branches in Iraq and another in Cyprus.
Revenue: LBP 582.04 billion (2016)
Net income: LBP 121.14 billion (2016)
Total assets: LBP 10.21 trillion (2016)
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map…. For banking careers, you will have a significant edge over the competition with our financial modeling courses.
This has been a guide to the top banks in Lebanon. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: