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Emirates Lebanon Bank
  Sunday 25 June 2017
 
 
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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. 

1964    

Establishment of Bank of Bekaa S.A.L. in Zahleh- 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, Paribas Bank and the Group Mubarak Al Hassawi.
It was the first bank to open in the Emirate of Sharjah and is currently the largest one of this Emirate. The Bank whose core business is Corporate and Investment Banking, has 4 regional branches in the United Arab Emirates: Sharjah, Dubai, Abi Dhabi and Al Ain.

May 2000 

Merger between BNP and Paribas to create the Group BNP Paribas, BNPI thus becomes a part of the first international banking groups.

June 2004 

BNPI celebrates its 60 years of activity in Lebanon.

December 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.

July 2007 

Bank of Sharjah acquires the license of Banque de la Bekaa S.A.L.
The assets and liabilities of the latter are transferred to Fransabank. This acquisition is considered as the platform for the future expansion of Bank of Sharjah in the Levant, where the bank intends to benefit from important synergies with GCC countries.

The Banker/Financial Times Business rates Bank of Sharjah at the 8th global position in terms of return on assets, 15th in terms of financial soundness / capital ratio, and 45th in terms of performance / medium capital performance.

February 2008

Election of the Board of Directors of Banque de la Bekaa S.A.L. for a three years mandate. The latter is formed of Bank of Sharjah represented by its President Mr. Ahmed Al Noman, Mr. Varouj Nerguizian and Mr. Sélim Jreissati. Mr. Nerguizian is appointed Chairman and General Manager.

April 2008

The Central Bank of Lebanon approves the increase of Emirates Lebanon Bank's capital from USD 6.6 million (LBP 10 billion) to USD 50 million (LBP 75 billion).

May 2008  Banque de la Bekaa S.A.L. becomes Emirates Lebanon Bank S.A.L.
June 2008 

The Central Bank of Lebanon approves the Emirates Lebanon Bank's capital increase of USD 100 million. The capital reaches USD 150 million.

30 September 2008 

The Central Bank of Lebanon approves Emirates Lebanon Bank S.A.L.'s acquisition of BNPI Lebanon. Bank of Sharjah holds a controlling majority of 81% in Emirates Lebanon Bank S.A.L. and BNPI France a share of 19%.

October 2010 

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

April 2012 

Emirates Lebanon Bank S.A.L. 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%.

March 2013

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