Byblos Bank is the third largest bank in Lebanon, founded in 1963 and headquartered in Beirut. Its predecessor dates back to 1950 as the "Société Commerciale et Agricole Byblos Bassil Frères & Co.", founded by the Bassil and Fernainé families. The bank is a publicly traded company under the ticker symbol BYB and traded on the Beirut Stock Exchange and the London Stock Exchange. Major shareholders include the World Bank Group's International Finance Corporation (IFC) and PROPARCO, part of the French Development Agency (AFD), reflecting its international and diversified shareholder structure.
ReachByblos Bank operates in nine countries in the Middle East, Europe and Africa, including Lebanon, Iraq, Syria, Armenia, Belgium, France, the United Kingdom, Nigeria and Cyprus. It has 88 branches and an extensive ATM network in Lebanon, as well as branches and ATMs in places like Baghdad, Erbil and Sulaymaniyah in Iraq. In addition, the bank has Smart ATMs® and E-branches, which provide 24/7 cash deposit and check deposit services.
Regulation &
ComplianceByblos Bank is regulated by the Banque du Liban and complies with Basel III capital adequacy requirements. The bank's capital adequacy ratio was 16.3%, well above the regulatory requirement of 12%. In addition, the bank's loan loss provision coverage ratio exceeded 100%, demonstrating its robust risk management strategy.
The capital
adequacy ratio of the Bank for Financial Health is 16.3%, indicating a strong capital base. The non-performing loan ratio was 4.37 per cent, which decreased to 1.43 per cent after netting, indicating good loan quality. In terms of liquidity, the bank's liquidity ratio is 51%, ensuring sufficient short-term solvency.
Deposits &
LoansDepositsByblos Bank offers a wide range of fixed deposits with interest rates depending on the tenor and currency of the deposit. For example, in Iraq, interest rates range from 1.25 per cent to 4.75 per cent for US dollar term deposits and 0.50 per cent to 5.25 per cent for Iraqi dinars. In addition, the bank offers a five-year savings account called "Start Saving" with an annual interest rate of 4%.
Loan
banks offer a variety of loan products, including personal loans, home loans, and car loans. For example, personal loans can be up to $30,000 with a term of up to 4 years and competitive interest rates. 75% of the home loan's financed home price and 72% of the auto loan's financed car price, both with flexible repayment options.
Alist of common fees
and commissions can be found on Byblos Bank's official website, covering account management fees, transfer fees, overdraft fees, ATM interbank withdrawal fees, and more. For example, the EasySave account comes with free mobile banking and 24/7 customer support.
Digital Service
ExperienceByblos Bank offers a feature-rich mobile banking app that supports both iOS and Android platforms. The app offers features such as account management, real-time transfers, bill payments, and investment tools. In addition, the bank has launched a digital banking platform called "BO2", through which users can open and manage accounts online.
Customer Service Quality
Bank offers 24/7 customer service support, including phone support and live chat. Customers can contact the bank by calling +961 1 205050 or 1650. In addition, the bank actively responds to customer inquiries and feedback on social media.
Security
MeasuresByblos Bank uses advanced security technologies, including HTTPS, SSL encryption, and user authentication, to ensure the safety of customer funds and data. The mobile banking app does not store account information on the device, and if the device is lost, the customer can contact the bank immediately to freeze the account.
Featured Services & DifferentiationThe
bank provides a variety of distinctive services to meet the needs of different customer groups. For example, the EasySave account is suitable for savers who want to get a high interest rate, and the Start Saving account offers a long-term savings option. In addition, the bank also provides private banking services to provide customized financial solutions for high-net-worth clients.
Market Position & AccoladesByblos
Bank is one of the leading banks in Lebanon and ranks third in the country in terms of assets in terms of assets. The bank also has a certain influence in the international market and has established cooperative relations with a number of international financial institutions. Its solid financial position and extensive service network give it a competitive advantage in the Middle East and European markets.
