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The Bank
History

History

  • 1944

    Opening of the subsidiary of BNCI "A" (Banque Nationale pour le Commerce et l'Industrie Afrique) in Beirut that will become BNPI Lebanon (Banque Nationale de Paris Intercontinentale - Lebanon). It has 5 branches in Lebanon.

  • 1966

    Merger between BNCI and CNEP (Comptoir National d'Escompte de Paris) in an establishment called "Banque Nationale de Paris". BNPI Lebanon (Banque Nationale de Paris Intercontinentale Liban) becomes therefore a subsidiary of BNPI France.

  • 1973

    Establishment of Bank of Sharjah by the Government of Sharjah, Banque Paribas and the Mubarak Al Hassawi Group. It was the first bank to open in the Emirate of Sharjah and is currently the largest one in the Emirate. The Bank whose core business is Corporate and Investment Banking, has 6 regional branches in the United Arab Emirates: in Sharjah, Dubai, Abu Dhabi and Al Ain.

  • 2000

    Merger between BNP and Paribas to create the BNP Paribas Group. BNPI thus becomes part of one of the largest international banking groups in the world.

  • 2004

    BNPI celebrates its 60 years of activity in Lebanon.

  • 2006

    Fitch Ratings assigns Bank of Sharjah an "A-" long-term Issuer Default Rating – IDR. This rating is confirmed in April 2008 due to the high financial performance, the quality of assets, liquidity and capitalization of the bank.

  • 2008

    By the end of September 2008, Bank of Sharjah finalizes through Emirates Lebanon Bank sal the acquisition of the assets and liabilities of Banque Nationale de Paris Intercontinentale (BNPI Lebanon) after obtaining the approval from Banque du Liban and the Central Bank of the U.A.E.

  • 2010

    Bank of Sharjah sells 30% of Emirates Lebanon Bank sal to EL Capital. Pursuant to the sale, the structure becomes as follows: Bank of Sharjah 51%, EL Capital 30% and BNPI France 19%.

  • 2012

    Emirates Lebanon Bank sal increases its capital base to USD 260 million (LBP 392 billion). The capital structure becomes as follows: Bank of Sharjah 67.33%, EL Capital 20% and BNPI France 12.67%.

  • 2013

    The capital structure of Emirates Lebanon Bank sal becomes as follows: Bank of Sharjah 80% and EL Capital 20%.

  • 2017

    Bank of Sharjah acquires EL Capital and becomes the sole beneficial owner of Emirates Lebanon Bank sal.

  • 2018

    Emirates Lebanon Bank sal celebrates 10 years of activity in Lebanon.

  • 2019

    Emirates Lebanon Bank finalized in December 2019 the increase of its equity through cash contribution in U.S dollars equivalent to 10% of Common Tier One as per Central Bank circular no.532 dated November 4,2019.
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List of Banks No. 92. BDLN:18.07.2012. Ref.11/294.
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