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 May 2021, Moody’s Investor Services gave a negative rating on the Lebanese banking system, due to political instability. The rating agency also warned of grave consequences on Lebanon’s economy if the central bank’s foreign currency reserves were depleted and if the relations between Lebanese banks and correspondent banks were severed.
For anyone considering a banking career in Lebanon, this list of banks in Lebanon is a helpful guide on where to start. To learn more, see our list of financial institutions.
The Top Banks in Lebanon Include:
Bank Audi is the largest of the banks in Lebanon, based on customers’ deposits, total assets, shareholders’ equity, loans, and advances. It offers a diversified range of financial products and services in personal banking, business banking, and private banking segments.
The bank operates in 11 countries through three financial companies and 10 banks, supported by 125 branches, 494 ATMs, and 35 ITMs. Bank Audi was established in 1830 and was incorporated in its current form in 1962.
Net income: LBP 225.1 billion (2020)
Total assets: LPB 53.4 trillion (2020)
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. It 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, the bank oversees a network of 77 branches in Lebanon, 15 branches in Cyprus/Jordan, two branches in Iraq, and a representative office in Abu Dhabi.
Net income: LBP 391.0 million (2020)
Total assets: LBP 44.88 trillion (3/2021)
Byblos Bank started its operations in 1950 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.
Net income: LBP 80.4 billion (2020)
Total assets: LBP 28.40 trillion (2020)
Established in 1921 as a branch of Credit Foncier d’Algerie de Tunisie, Fransabank is one of the oldest banks in Lebanon. The bank provides retail banking, corporate banking, and investment and private banking services. As of end-2016, it employed 3,381 staff and oversaw a network of 127 domestic branches across the country.
Net income: LBP 243.02 billion (2018)
Total assets: LBP 35.59 trillion (2018)
Societe Generale de Banque au Liban (SGBL)
Societe Generale de Banque au Liban (SGBL) was incorporated in 1953 as a partnership between 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, and tailor-made banking services.
Net income: LBP 303 billion (2016)
Total assets: LBP 28.67 trillion (2016)
Bank of Beirut
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 72 branches across the Lebanese territory, and 24 branches in other countries.
In addition to the traditional branch setup, it also oversees Smart and Hybrid Branches, as well as Satellite Branches to serve as one of the banks in Lebanon more easily accessible by customers living in remote areas.
Net income: LBP -183.0 billion (2019)
Total assets: LBP 21.28 trillion (9/2020)
Bankmed was first established in 1944 as a credit institution called Banque Naaman et Soussou. It offers a range of financial products and services to individual and business customers in Lebanon, supported by 1,788 employees. The group operates a network of 67 local branches, 131 local ATMs, five overseas branches, and five banking subsidiaries.
Net income: LBP -616.65 billion (2019)
Total assets: LBP 23.41 trillion (2019)
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 and global markets, private banking and wealth management, and international and correspondent banking services.
It is one of the banks in Lebanon offering the widest range of services. Based in Beirut, it manages 58 branches and 109 ATMs throughout the country.
Net income: USD 71.0 million (2019)
Total assets: USD 12.27 billion (2019)
Established in 1961, Credit Libanais remains deeply rooted in the country with an established network of international correspondents around the globe. The bank also maintains an international presence in Bahrain and Cyprus and operates a subsidiary bank in Senegal.
Credit Libanais provides its customers, alongside key classical banking activities, sophisticated digital banking services, e-commerce activities, Smart Cards, Points of Sale, ATM networks, and e-banking secure services. The bank’s e-outreach encompasses 9064 electronic point-of-sale, 90 ATMs, 165,000 banking cards distributed, 24/7 secure online banking services, an advanced customer service center, and e-bank applications, to name but a few.
Net income: LBP -31.025 million (2020)
Total assets: LBP 14,777,525 million (2020)
IBL Bank was established in 1961 as Development Bank SAL. In 2008, the bank changed its name to IBL Bank to boost its positioning and brand awareness. Headquartered in Beirut, IBL oversees 21 active branches across the country, as well as three branches in Iraq and another in Cyprus.