588:
22:
252:
232:
212:
401:
Supreme
Council for Economic Affairs and Investment acquired the Banque du Liban's shares in BLC Bank SAL. This was followed by a capital increase of $ 100 million in early 2006 to allow the bank to further grow its business activities. Subsequently, in May 2006, the Supreme Council for Economic
390:
By the end of 2004, BLC Bank (renamed as part of the complete process of restructuring and recapitalization) occupied the 12th spot among the largest banks in
Lebanon in terms of assets and customer deposits. BLC was the first bank in Lebanon to provide micro credit loans focusing on the small
94:
413:(QIA) 97.52% of the capital of BLC Bank SAL after the latter had finalized the successful sell off of its French subsidiary, BLC Bank SAL (France) to QIA. As a result of this, BLC Bank SAL Lebanon ceased to have any shareholding in BLC Bank SAL (France)
508:
782:
850:
545:
55:
534:
121:
406:(QIA), a governmental agency responsible for the ownership and management of the State of Qatar's assets both nationally and internationally.
394:
During this same year, the Bank entered the insurance market and created a fully owned subsidiary, BLC Services SAL, to handle this business.
805:
420:
793:
556:
416:
In April 2008, Maurice
Sehnaoui was appointed Chairman of the Board and General Manager after becoming one of the main shareholders.
817:
503:
339:
by the Abou
Jaoudeh family. It was previously named Banque Libanaise pour le Commerce, renamed to BLC Bank in the end of 2004.
840:
32:
845:
73:
732:
707:
757:
567:
41:
614:
519:
483:
Silver
Capital Holding SAL was established in 2005. Its main shareholders include members of the Ziade Family.
327:
BLC Bank SAL is a
Lebanese joint stock company registered under No.1952 in the Lebanese Commercial Register.
806:
http://www.usbbank.com.cy/data/articles/news/Press%20Release%20USB%20BANK%20and%20BLC%2030-03-2011_EN.pdf
285:
281:
433:
and in March 2011, the Bank further increased its ownership to a 95.61% shareholding of the said bank.
410:
403:
835:
409:
In August 2007, Fransabank SAL, the fourth largest banking institution in
Lebanon, acquired from the
426:
Also in 2009, BLC Bank launched its
Private Banking division to serve its high-net-worth clientele.
368:, in 1999 BLC merged with Union Bank of Lebanon (UBL) group which then included many smaller banks.
794:
http://www.banketto.fr/actualites/la-banque-al-khaliji-annonce-le-rachat-de-blc-bank-france-sa.html
51:
523:
37:
818:
http://www.usbbank.com.cy/default.aspx?tabid=75&it=1&mid=0&itemid=269&langid=2
669:
639:
437:
467:
Holding M. Sehnaoui SAL was established in 2000 and is majority owned by
Maurice Sehnaoui.
347:
342:
In 1956, the bank established a foreign presence with the establishment of BLC Bank SA in
8:
440:. Class A shares were issued in early 2011, and Class B shares were issued in late 2011.
358:
657:
475:
FransaInvest Bank (FIB) is the fully owned investment subsidiary of
Fransabank SAL.
354:
321:
47:
770:
376:
372:
384:
829:
110:
683:
593:
380:
429:
In September 2010, BLC Bank acquired 9.9% of the shares of USB Bank PLC -
324:
services. BLC Bank subsidiaries are BLC Finance SAL and BLC Services SAL.
365:
402:
Affairs and Investment transferred its ownership in BLC Bank SAL to the
452:
276:
224:
371:
In 2002, following mismanagement at the senior management level, the
353:
BLC Finance SAL was established in 1998. Its main activities include
317:
436:
As of January 27, 2011, BLC Bank has listed preferred shares on the
21:
640:"$ {Instrument_CompanyName} $ {Instrument_Ric} News| Reuters.com"
383:, governor of the BDL, appointed a senior management team led by
309:
170:
430:
343:
336:
149:
141:
459:
Established in 1921 and listed as the oldest bank in Lebanon.
684:"BLCFY:OTC US Stock Quote - BLC Bank SAL - Bloomberg Markets"
398:
244:
313:
760:
Executive Magazine, 1 December 2005. Retrieved 2013-03-17.
578:
562:
The Case for BLC Bank, By Thomas Schellen and Gareth Smyth
296:
93:
116:
583:
379:(BDL) -- stepped in and acquired the Bank's shares.
827:
36:, potentially preventing the article from being
448:BLC Bank shareholding structure is as follows:
771:http://www.lebanonwire.com/0402/04022406DS.asp
851:Companies listed on the Beirut Stock Exchange
419:In September 2009, BLC Bank acquired 100% of
615:"Beirut Stock Exchange | Issuers | BLC Bank"
387:, to restructure and re-establish BLC Bank.
335:BLC Bank was founded in the early 1950s in
750:
92:
56:reliable, independent, third-party sources
364:After a failed attempt to merge with the
346:which itself opened four branches in the
74:Learn how and when to remove this message
443:
50:by replacing them with more appropriate
540:International Finance Corporation (IFC)
33:too closely associated with the subject
828:
792:BLC Bank - France & UAE branches:
361:, floor brokerage and margin lending.
330:
202:Retail, Corporate, and Private Banking
637:
391:enterprises as a main business line.
15:
497:ATFP (Arab Trade Financing Program)
13:
756:Thomas Schellen and Gareth Smyth,
14:
862:
572:
586:
251:
250:
231:
230:
211:
210:
31:may rely excessively on sources
20:
810:
798:
600:
312:financial institution offering
786:
775:
763:
725:
700:
676:
631:
607:
471:FransaInvest Bank (FIB) 6.25%
463:Holding M. Sehnaoui SAL 18.44%
1:
491:
479:Silver Capital Holding 4.86%
7:
841:1950 establishments in Asia
10:
867:
411:Qatar Investment Authority
404:Qatar Investment Authority
194:(Chairman General Manager)
846:Companies based in Beirut
291:
275:
262:
242:
222:
206:
198:
177:
159:
136:
128:
108:
100:
91:
758:'The Case for BLC Bank'
733:"The Case For BLC Bank"
708:"The Case For BLC Bank"
373:Central Bank of Lebanon
215:98.28 million USD
769:Micro-Credit for SME:
551:Trade Finance Magazine
514:Beirut Stock Exchange:
397:In December 2005, the
235:45.3 million USD
444:Shareholder structure
438:Beirut Stock Exchange
255:3.1 billion USD
638:Editorial, Reuters.
423:- Lebanon's shares.
816:BLC Press Release:
804:BLC Press Release:
359:proprietary trading
331:Historical overview
264:Number of employees
104:Joint Stock Company
88:
737:Executive Magazine
712:Executive Magazine
668:has generic name (
164:BLC Bank Building,
86:
303:
302:
271:
258:
238:
218:
187:(General Manager)
84:
83:
76:
858:
836:Banks of Lebanon
820:
814:
808:
802:
796:
790:
784:
779:
773:
767:
761:
754:
748:
747:
745:
744:
729:
723:
722:
720:
719:
704:
698:
697:
695:
694:
680:
674:
673:
667:
663:
661:
653:
651:
650:
635:
629:
628:
626:
625:
611:
596:
591:
590:
589:
579:Official Website
322:asset management
299:
286:BLC Services SAL
269:
256:
254:
253:
247:
236:
234:
233:
216:
214:
213:
155:
153:
96:
89:
85:
79:
72:
68:
65:
59:
24:
16:
866:
865:
861:
860:
859:
857:
856:
855:
826:
825:
824:
823:
815:
811:
803:
799:
791:
787:
781:Business Week:
780:
776:
768:
764:
755:
751:
742:
740:
731:
730:
726:
717:
715:
706:
705:
701:
692:
690:
682:
681:
677:
665:
664:
655:
654:
648:
646:
636:
632:
623:
621:
613:
612:
608:
603:
592:
587:
585:
575:
494:
446:
377:Banque du Liban
355:fund management
333:
295:
284:
282:BLC Finance SAL
265:
243:
227:
193:
189:
188:
186:
180:
173:
167:
165:
147:
145:
120:
113:
80:
69:
63:
60:
45:
25:
12:
11:
5:
864:
854:
853:
848:
843:
838:
822:
821:
809:
797:
785:
774:
762:
749:
724:
699:
675:
630:
619:www.bse.com.lb
605:
604:
602:
599:
598:
597:
582:
581:
574:
573:External links
571:
570:
569:
559:
558:
548:
547:
537:
536:
526:
525:
521:
511:
510:
505:
493:
490:
489:
488:
481:
480:
473:
472:
465:
464:
457:
456:
445:
442:
332:
329:
308:(BLC:LB) is a
301:
300:
293:
289:
288:
279:
273:
272:
266:
263:
260:
259:
248:
240:
239:
228:
223:
220:
219:
208:
204:
203:
200:
196:
195:
181:
178:
175:
174:
169:
166:Adlieh, Beirut
163:
161:
157:
156:
138:
134:
133:
130:
126:
125:
114:
109:
106:
105:
102:
98:
97:
82:
81:
28:
26:
19:
9:
6:
4:
3:
2:
863:
852:
849:
847:
844:
842:
839:
837:
834:
833:
831:
819:
813:
807:
801:
795:
789:
783:
778:
772:
766:
759:
753:
738:
734:
728:
713:
709:
703:
689:
688:Bloomberg.com
685:
679:
671:
659:
645:
641:
634:
620:
616:
610:
606:
595:
584:
580:
577:
576:
568:
566:
565:
564:
563:
557:
555:
554:
553:
552:
546:
544:
543:
542:
541:
535:
533:
532:
531:
530:
524:
522:
520:
518:
517:
516:
515:
509:
506:
504:
501:
500:
499:
498:
486:
485:
484:
478:
477:
476:
470:
469:
468:
462:
461:
460:
454:
451:
450:
449:
441:
439:
434:
432:
427:
424:
422:
417:
414:
412:
407:
405:
400:
395:
392:
388:
386:
382:
378:
374:
369:
367:
362:
360:
356:
351:
349:
345:
340:
338:
328:
325:
323:
319:
315:
311:
307:
298:
294:
290:
287:
283:
280:
278:
274:
267:
261:
249:
246:
241:
229:
226:
221:
209:
205:
201:
197:
192:
185:
184:Bassam Hassan
182:
176:
172:
162:
158:
151:
143:
139:
135:
131:
127:
123:
118:
117:BSE Ticker LB
115:
112:
107:
103:
99:
95:
90:
78:
75:
67:
57:
53:
49:
43:
39:
35:
34:
29:This article
27:
23:
18:
17:
812:
800:
788:
777:
765:
752:
741:. Retrieved
739:. 2005-12-01
736:
727:
716:. Retrieved
714:. 2005-12-01
711:
702:
691:. Retrieved
687:
678:
666:|first=
647:. Retrieved
643:
633:
622:. Retrieved
618:
609:
594:Banks portal
561:
560:
550:
549:
539:
538:
528:
527:
513:
512:
496:
495:
487:Others 1.87%
482:
474:
466:
458:
447:
435:
428:
425:
418:
415:
408:
396:
393:
389:
381:Riad Salameh
370:
363:
352:
341:
334:
326:
306:BLC Bank SAL
305:
304:
277:Subsidiaries
245:Total assets
191:Nadim Kassar
190:
183:
160:Headquarters
122:Reuters Code
101:Company type
70:
61:
46:Please help
30:
385:Shadi Karam
366:Byblos Bank
297:BLCBank.com
830:Categories
743:2019-08-23
718:2019-08-23
693:2020-11-21
649:2019-08-23
624:2019-08-23
601:References
492:References
453:Fransabank
225:Net income
179:Key people
64:March 2013
48:improve it
38:verifiable
421:Lati Bank
350:in 1973.
318:insurance
152:, Lebanon
144:, Lebanon
111:Traded as
52:citations
658:cite web
529:Reuters:
310:Lebanese
199:Products
148:1950 in
140:1950 in
129:Industry
87:BLC Bank
314:banking
292:Website
207:Revenue
171:Lebanon
146: (
137:Founded
42:neutral
507:ATFP:
502:ATFP:
455:68.58%
431:Cyprus
344:France
337:Beirut
270:(2010)
257:(2010)
237:(2010)
217:(2010)
150:Beirut
142:Beirut
124:: BLCB
399:Qatar
119:: BLC
670:help
320:and
268:642
132:Bank
40:and
644:U.S
348:UAE
54:to
832::
735:.
710:.
686:.
662::
660:}}
656:{{
642:.
617:.
357:,
316:,
168:,
746:.
721:.
696:.
672:)
652:.
627:.
375:—
154:)
77:)
71:(
66:)
62:(
58:.
44:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
