BankMed Sal

Who We Are Headquartered in Beirut, BankMed, originally established in 1944, has grown to become one of Lebanon’s top banks. Its market share, measured by total assets, now constitutes around 11% of the total of the Lebanese banking system. BankMed, through its 44 branches spread all over Lebanon, provides a broad range of retail banking, corporate, wealth management, brokerage and investment banking products and services to both individuals and companies. BankMed’s operations also extend to Switzerland, where it has a subsidiary engaged in traditional private banking activities, and Cyprus, where it has a branch. What We Stand For BankMed has always believed that a thriving Lebanese economy is the best possible environment for a successful bank. Indeed, BankMed’s role in financing commercial, industrial, and contracting activities has contributed to the growth of these sectors and the resurgence of the Lebanese economy since 1990. No wonder then that its corporate clients’ list boasts the top names across industries and services in Lebanon. Still, believing that an institution should always reinvent itself to meet the needs of a fast changing world, BankMed went through a major restructuring and reorganization campaign in the last two years. The three banks in the group were consolidated into one universal entity, where retail banking is being developed into a core line of business in addition to the well-established corporate banking, where around-the-clock brokerage services are complementing private banking services, and where new investments and foreign exchange products are being introduced constantly to meet growing client’s demand. Where We Come From BankMed is a member of a bigger family group that includes big corporate names in various sectors across the region. Among them, the Saudi Oger Group is a major Middle Eastern financial industrial conglomerate whose investments include a controlling interest in Türk Telekom via its ownership of Oger Telecom, one of the region’s leading telecommunications companies. As at the end of 2006, the Saudi Oger Group had total gross assets in excess of US$24 billion. Other members of the group include MedGulf, a leading insurance provider with strong presence on the regional level. Where We Are Going BankMed understands that the globalization of financial services is an irreversible trend, and believes, as a result, that regional financial institutions should invest in innovation so that they could meet the needs of a more demanding, global and mobile client base. BankMed comprehends these challenges, hence its continuous adoption of the latest in banking technology, as well as its emphasis on manpower training and development. In addition, BankMed is working hard to identify markets where it can add value, and leverage its expertise through regional expansion. One of the earliest results of this expansion strategy was the acquisition of a commercial bank in Turkey in January 2007 renamed Turkland Bank (T Bank). In addition, the Group has finally launched the SaudiMed Investment Company, an investment bank operating in Saudi Arabia. This is only the beginning, and other attractive overseas markets are being seriously considered. Carefully calculated vertical integration and well researched horizontal expansion will continue to define BankMed strategy to create a more successful business enterprise.

Address: 482, Clemenceau Street, P.O. Box: 11-0348, Riad El Solh, Beirut 1107 2030, Lebanon

Phone: +961 1 373937
FAX: +961 1 362706