Byblos Bank
Founded
n/a
Headquarters
Beirut, Lebanon
Ticker
n/a
Sector
Banking
Stock performance
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History
Byblos Bank grew from a bank founded in the 1950s in Byblos (Jbeil), north of Beirut, and became one of Lebanon's leading banks, with subsidiaries in Europe, Africa, and the Middle East.
Business model
Byblos Bank provides retail and corporate banking, trade finance, and private banking; since the 2019 crisis its domestic operations have been dominated by managing restricted deposits.
Market position
Byblos Bank is one of the largest banks in Lebanon by assets and branches.
Country impact
Lebanese banks once channeled diaspora deposits to finance the state, a model that collapsed in 2019, and banks like Byblos are now central to negotiations over how losses will be shared between the state, the banks, and depositors.