Born on August 19, 1963, under the name of “Realty Business Bank S.A.L”, Bank of Beirut adopts its current name in 1970.
End of 1992, a group of bankers and businessmen headed by the current Chairman-General Manager, Mr. Salim Sfeir, acquired the five-branch Bank of Beirut which, in terms of assets, ranked 35 out of 71 banks operating then.
The Bank operates, at present, in Lebanon through its network of 59 branches, 58 on-site ATMs and 16 off-site ATMs installed either at customers’ premises or in strategic non-bank locations such as commercial centers; however, it does not limit itself to financial activities, but it also opens up its wings to encompass the social too by committing itself to Caritas, various support programs, educational loans, credit facilities…
On the international level, and so as to reflect its unremitting commitment to offer a second-to-none service, Bank of Beirut extended its commercial banking services to a number of countries through different subsidiaries regulated by the Financial Services Authority (“FSA”) for the wholly owned, Bank of Beirut (U.K.) Ltd and the Germany branch in Frankfurt; regulated by the Central Bank of Cyprus for the Limassol branch; and by the Central Bank of Oman for the 3 branches in Muscat, Ghubra and Sohar. Bank of Beirut also boasts its representative office in the United Arab Emirates (Dubai) to service the Gulf region; a representative office in Nigeria (Lagos) and a representative office in Iraq (Baghdad).
2013 has witnessed more than one single event, the birth of the next generation Automated Teller Machines with instant cash and check deposit (CCDM) providing customers with the most flexible universal banking access, the name launch of Bank of Sydney in Melbourne, the STP award for 2012 for Bank of Beirut’s excellent delivery of commercial payments and financial transfers, the opening of the B-Smart virtual Branch and the IT award among the 7 Alpha Banks. Moreover, thanks to its Young Achievers Program (YAP), Bank of Beirut has landed “Best CSR Initiative”.
On the other hand, Misys, the global leader in financial services software, announced in December 2013 that Bank of Beirut, one of Lebanon’s leading commercial banks, is expanding its business and has successfully gone live on Misys Sophis VALUE.