Founded in 1952 by the late Michel Ayoub Saab, Federal Bank of Lebanon S.A.L. (FBL) is one of the oldest banks in Lebanon, being the number 16 among the first 20 banks to be licensed in the country. The majority of the shares of FBL are now held by the founder’s two sons: Ayoub-Farid M. Saab and Fadi M. Saab.
FBL operates through its Head Office in Beirut and its 8 branches throughout the country. Led by a skilled management team and dedicated staff, the Bank provides a full range of banking products and services. These include:Commercial, Trade and Corporate Finance, Retail Banking, Smart Cards, ATM's, Private Banking and Financial Market Brokerage. FBL is part of the Saab’s financial group which includes FBME Bank Limited, with branches in Tanzania and Cyprus and a representative office in Moscow, and Trade Finance Bank in Russia. During the civil war, FBL had to curtail its activities in Lebanon and the shareholders redirected their energies toward the international scene. The Bank, however, kept its presence in Lebanon and since the civil war has expanded its activities and re-positioned itself as a boutique bank.
FBME Bank was founded in Cyprus in 1983 and became a gateway to business in Western and Eastern Europe as well as the Middle East. From its original base in Cyprus, the Group expanded to Russia, where it opened a Representative Office in Moscow in 1993 and to Africa, where it established its presence by opening a Bank in Tanzania in 2003.
Along with its presence in the Banking Sector, FBME established a wholly-owned subsidiary, FBME Card Services Limited in Cyprus in 2005, a company to issue and manage payment cards mainly for the European market.
The Group is complemented by a broad network of international correspondent banks offering the most suitable banking solutions to the Group’s customers.
Addresses and Contacts
Renno Building, Charles Malek Ave. Achrafieh Tel.: +9611212300
Jammal Building Corniche El Mazraa Tel.: +9611308533
Saad Zaghloul Street Downtown Tel.: +9611983219
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