Banking BasicsBanque
Misr Liban (BML) is a Lebanese commercial bank founded in 1929 and headquartered on Riad El Solh Street in the heart of Beirut. The bank is a wholly owned subsidiary of Banque Misr, Egypt's state-owned bank, one of the largest banks in Egypt and the Middle East. BML's major shareholders include Banque Misr S.A.E., Misr Insurance Company S.A.E. and Misr Life Insurance Company S.A.E
ReachBML
has 18 branches across Lebanon, covering major cities including Beirut, Tripoli, Juniyah and Sidon. As part of the Banque Misr Group, BML supports services such as international trade finance, remittances and cross-border transactions through the international network and correspondent banking relationships of the parent company.
Regulation &
ComplianceBML is regulated by the Central Bank of Lebanon (Banque du Liban). The bank has joined Lebanon's deposit insurance program to protect customers' deposits. BML has an independent customer protection department to ensure that complaints are responded to within 15 working days.
Due to the lack of publicly available financial data for BML, it is not possible to provide specific values for its key indicators such as capital adequacy ratio, non-performing loan ratio and liquidity coverage ratio.
Deposits & LoansBML
offers a wide range of deposit products, including demand and time deposits. Term deposit terms range from 7 days to 7 years, and the interest rate depends on the amount and duration of the deposit.
LoansBML
offers a variety of loan products, including personal loans, home loans, and car loans. Personal loans can be up to 30 million Lebanese pounds or US$20,000 and can be borrowed for up to 5 years. The interest rate is the Lebanese benchmark rate (BRR) plus 9%, with a minimum of 20%; USD loans are BRR plus 7% with a minimum of 15%. The loan processing fee is 1% of the loan amount, with a minimum of $100 and a maximum of $200.
Due to the lack of specific fee information about BML, thelist of common fees
cannot provide detailed data such as account management fees, transfer fees, overdraft fees, and ATM interbank withdrawal fees.
Digital Service
ExperienceBML provides a mobile banking app, BM Online, which supports functions such as account inquiry, transaction history viewing, and fund transfer. However, user feedback shows that the app still has room for improvement in terms of features and interface.
Customer Service
QualityBML provides customer service through multiple channels, including phone, email, and online chat. Customers can submit complaints on the bank's official website, and the bank promises to respond within 3 working days.
Security
MeasuresBML takes a number of measures to protect the security of client funds and data, including participation in the deposit insurance scheme and the implementation of anti-fraud technology. However, information on whether ISO 27001 certification is achieved or whether a data breach occurred has not yet been made public.
Featured Services & DifferentiationBML
provides featured services for different client groups, such as private banking services for high-net-worth clients. In addition, the bank also provides a variety of foreign currency deposit products to meet the diversified investment needs of customers.
Market Position & HonorBML
, as one of Lebanon's oldest banks, has a certain influence in the local banking industry. However, information about its global or domestic asset size ranking and the awards it has won has not yet been disclosed.
