BBAC (Bank of Beirut and the Arab Countries)

0 standards supported

Overview

BBAC (Bank of Beirut and the Arab Countries) is Lebanese commercial bank + Lebanese retail + institutional + foreign investors free float + one of Lebanon's mid-sized commercial banks + founded Mar 31 1956 in Beirut Lebanon as Lebanese-Arab pan-Arab commercial bank operating amid ongoing Lebanese banking + economic crisis since 2019 ^{1, Lebanon report}.

History

Mar 31 1956 — BBAC Bank of Beirut and the Arab Countries SAL founded in Beirut Lebanon as Lebanese-Arab pan-Arab commercial bank distinctive Lebanese banking heritage.

Oct 17 2019 — Lebanese banking + economic crisis triggers Lebanese commercial banking sectoral collapse with capital controls + Lebanese Pound LBP currency collapse + Banque du Liban BdL Ponzi scheme allegations.

2014 — BBAC Mobile banking app launch.

Ownership & operator

Operating entity: BBAC Bank of Beirut and the Arab Countries SAL (Lebanese commercial bank).

Major shareholders: Lebanese retail + institutional + foreign investors free float.

Regulators: Banque du Liban BdL + national regulators across 2+ countries.

Technical integration

BBAC Mobile app (iOS + Android) + bbacbank.com online + BBAC branch network across Lebanon + Cyprus international branches + BBAC Visa + Mastercard cards; EMVCo QRCPS QR payments + Lebanese Pound LBP + US Dollar USD domestic transfers (amid Lebanese banking + economic crisis since 2019).

Implementations & partners

Major Lebanese banking + payments competitors: Byblos Bank (Byblos Bank; BSE: BYB) + Bank of Beirut (Bank of Beirut; BSE: BOB) + Fransabank (Fransabank SAL) + BankMed (BankMed) + Société Générale de Banque au Liban (SGBL) (SGBL) + Banque Libano-Française (BLF) (Banque Libano-Française BLF) + Crédit Libanais (Crédit Libanais; EuroMTF: CRDL).

Regulators: Banque du Liban BdL + national regulators across 2+ countries.

Status

Crisis-active, Lebanese commercial bank + Lebanese retail + institutional + foreign investors free float + one of Lebanon's mid-sized commercial banks + founded Mar 31 1956 in Beirut Lebanon as Lebanese-Arab pan-Arab commercial bank operating amid ongoing Lebanese banking + economic crisis since 2019 ^{1, 2}.

Sources

1 BBAC — official
2 BBAC — Wikipedia
^{Lebanon report} In-corpus: reports/countries/LB-lebanon.md

Source

Biography extracted from bbac-lebanon.md. See matrix.md for standards-support matrix if present.