Fransabank (Arabic: فرنسبنك ) is one of the oldest banks in Lebanon. Today, Fransabank Group has a consolidated presence in eight countries: Lebanon, France, Algeria, Sudan, Belarus, Iraq, UAE (Abu Dhabi) and Ivory Coast. The Group also ranks first in terms of local branch network with 125 branches strategically spread all over the country.[1]
| Company type | public |
|---|---|
| Industry | Financial services |
| Founded | 1921 |
| Headquarters | , |
Number of locations | 125 branches |
| Products | Banking |
| Website | fransabank |
History edit
In 1921, the Bank opened as a branch of Crédit Foncier d'Algérie et de Tunisie (CFAT).
In 1963, the CFAT was renamed to the new name of Société Centrale de Banque, and in 1971 its Lebanese entity was purchased by Banque Française pour le Moyen-Orient SAL (BFMO), a Lebanese banking company. After numerous mergers with other Lebanese banks, in 1982 the bank was renamed Fransabank.
See also edit
External links edit
References edit
- ^ Olivier Holmey (June 2017). "Middle East: Lebanese banks step back from Syria". Euromoney.