60 Years and more to come
Founded in 1952 by the late Michel Ayoub Saab, Federal Bank of Lebanon S.A.L. (FBL) is one of the oldest banks in Lebanon, being the number 16 among the first 20 banks to be licensed in the country. The majority of the shares of FBL are now held by the founders two sons: Ayoub-Farid M. Saab and Fadi M. Saab.
FBL operates through its Head Office in Beirut and its 9 branches throughout the country. Led by a skilled management team and dedicated staff, the Bank provides a full range of banking products and services. These include: Commercial, Trade and Corporate Finance, Retail Banking, Smart Cards, ATMs,and Financial Market Brokerage. FBL is part of the Saabs financial group which includes FBME Bank Limited, with branches in Tanzania and Cyprus and a representative office in Moscow, and Trade Finance Bank in Russia. During the civil war, FBL had to curtail its activities in Lebanon and the shareholders redirected their energies toward the international scene. The Bank, however, kept its presence in Lebanon and since the civil war has expanded its activities and re-positioned itself as a boutique bank.
FBME Bank was founded in Cyprus in 1983 and became a gateway to business in Western and Eastern Europe as well as the Middle East. From its original base in Cyprus, the Group expanded to Russia, where it opened a Representative Office in Moscow in 1993 and to Africa, where it established its presence by opening a Bank in Tanzania in 2003.
Along with its presence in the Banking Sector, FBME established a wholly-owned subsidiary, FBME Card Services Limited in Cyprus in 2005, a company to issue and manage payment cards mainly for the European market.
The Group is complemented by a broad network of international correspondent banks offering the most suitable banking solutions to the Groups customers.
FBL Proposed Vision, Mission & Strategy
Federal Bank of Lebanon SAL
We want to be a boutique Bank with distinctive characteristics catering primarily to small and medium sized businesses locally and high net worth clients internationally.
In order to realize our vision, we seek to develop a talented team of banking professionals and work closely with our sister Bank, FBME.
The banks efforts will be directed towards becoming an efficient, effective and profitable bank.
At the end of last year we have significantly re-organized the way we do our business, the result of a clearly articulated strategy to transform our Bank into a well-structured and cost effective enterprise.
Implemented structural changes and undertook projects and initiatives designed to directly address each of these strategic imperatives.
At the beginning of 2012, implementation and execution of our strategy has seen us put in place a number of initiatives designed ultimately to drive shareholder returns. We re-aligned business within the bank into four business units, organized along segment lines (Retail, Corporate, Treasury). Overall, the intent was to re-position our business in order to capitalize on our strengths. The new operating structure will be well focused and client driven across the board. The aim of “FBL” should provoke not only thoughts of trustworthy and dependable 60-year old bank but also of being “best in class” across a number of important metrics.
To reach these strategic targets, we conducted an in-depth analysis of our business to isolate the primary levers in our financial and operating performance, the results of which are five financial and five non-financial medium-term strategic priorities, which we will pursue relentlessly into 2012-2015. We believe that by focusing on the five financial and five non-financial priorities, we will transform FBL into an institution that delights shareholders, clients, and employees.
Name of Chairman: Mr. Ayoub-Farid Michel Saab
Name of General Manager Mr. Michel Rowihab
Bank Address and P.O.Box: Head Office- Ashrafieh- Charles Malek Avenue, Renno Bldg. P.O.Box: 11-2209 Beirut- Lebanon
Phone Numbers +961 1 212300/6
Fax +961 1 215847