Bank of Beirut, founded in 1963, is a commercial bank based in Beirut, Lebanon. The bank began life in 1963 as Realty Business Bank, before changing its name to Bank of Beirut in 1973.
It expanded rapidly in the 1990s when it acquired several other banks; it was first listed on the Stock Exchange in 1997. The bank now has more than 90 branches, across four continents. The UK subsidiary, Bank of Beirut (UK) Ltd, was established in 2002 and now has additional branches in Frankfurt, Sydney, Melbourne and Adelaide.
Bank of Beirut Products and Services
Bank of Beirut works with individual and corporate customers in Lebanon, Africa, Europe, Australia, North America and the Middle East. Services include:
Loans (personal, educational, housing, small business, and motor)
Trade finance facilities (letters of guarantee, letters of credit, drafts)
The bank also offers its customers an extensive range of additional services, including:
Child education and housing programmes
Insurance products including home, lost income, travel and life insurance
BoB finance / Western Union services
The bank also has an extensive portfolio of services for corporate and business clients. These include e-commerce gateway services, payments and transfers and payroll and demand services.
Bank of Beirut Awards
Bank of Beirut has won several accolades in recent years, including ‘Fastest Growing Bank’, ‘Best Retail Bank’ Lebanon, ‘Best Commercial Bank Lebanon’ and ‘Best Transaction Bank Lebanon from Banker Middle East.
Security at Bank of Beirut
Bank of Beirut has an extensive online security statement which can be viewed in full at their website. This statement covers customer data usage by the company, and measures that the bank has in place to keep money safe.