Founded in 1956 BBAC (Bank of Beirut and the Arab Countries) is today known as one of the leading Lebanese commercial banks. The banks total assets amount to 5.11 billion USD and it is staffed by more than 800 employees in its head office and various branches.
BBAC has managed to establish itself as a prominent Lebanese bank by laying down solid foundations for sound corporate governance effective risk management progressive business strategies innovative use of technology and quality services. This has allowed it to create value at multiple levels and to stay true to its vision. Year after year this has had a significant impact on the banks sustainability and financial growth which along with its unwavering commitment to community development has shaped its image and reputation.
Through its head office in Beirut and its network of 38 branches located throughout Lebanon BBAC offers the full scope of banking and financial services positioning it as a universal bank fully capable of meeting the needs and demands of all its customers from individuals to companies of various sizes. These services include Retail Banking Corporate Banking Commercial Banking and Trade Finance Private Banking Treasury and Capital Markets and Bancassurance through a subsidiary. BBAC has a branch in Cyprus (Limassol) two branches in Iraq (Erbil and Baghdad) and a representative office in the United Arab Emirates (Abu Dhabi) as well as 55 ATM machines located throughout various Lebanese regions to accommodate all of its customers banking needs.
As a constructive partner in the communities in which it operates BBAC has been taking concrete steps to realize its corporate social responsibility objectives thereby building value for its customers shareholders and employees. Over the past five decades BBAC has supported innumerable initiatives in different areas around Lebanon - from youth development programs and education enhancement activities to humanitarian environmental sports cultural and tourism projects.
In 2012 BBAC joined hands with the United Nations Development Program (UNDP) in a unique partnership on the Live Lebanon initiative; they have collaborated in order to empower disadvantaged citizens to achieve their goals regardless of sect or religion. With a strategic approach to social contribution the Live Lebanon initiative has helped rural and under-served communities by implementing much-needed development projects; the issues they have covered have ranged from health and economic development to youth and the environment. The banks efforts were recognized when in an event in 2013 supported by the Lebanese Central Bank it received the Social Economic Award in the Rural Development category for the Live Lebanon initiative.
“Your Caring Bank” is far more than simply BBACs slogan. The bank consistently demonstrates the real meaning behind its words and reaffirms its commitment to fulfill the promises made to its primary stakeholders and the communities in which it operates.