Bank of Beirut
This company profile is not publicly available
One of Lebanon's top 5 banks. Founded in 1963 and today operates in the Middle East, Europe, Africa and Australia. Acquired Laiki Bank Australia in 2011 which was later renamed to Bank of Sydney.
|Bank of Beirut SAL||LBN||website|
|Bank of Beirut SAL|
In 2015 British regulators fined the Bank of Beirut US$3.2 million and temporarily banned it from signing up new clients in high-risk locations after the lender misled regulators about efforts to prevent money laundering and other financial crimes. The regulator said the Bank of Beirut repeatedly gave misleading information about the progress of efforts to address concerns about the lenders financial crime identification systems and controls.
[Source 2015][More on Irresponsible Marketing]
|Company Structure||Public company|
|Subsidiaries||Bank Of Sydney Ltd (93% owned)|