Adonis Insurance and Reinsurance (ADIR)

ADIR is a subsidiary of Byblos Bank established in 1983. The company combines financial stability with an ongoing quest for product innovation and an uncompromising commitment to its customers in terms of service, coverage, and proper handling of claims. ADIR provides a comprehensive range of standard and tailored insurance products to both individual and institutional clients, including life, fire, general accident and medical coverage, among others. In 2001, Natixis Assurances, the fifth largest bancassurance group in France and an affiliate of Natixis Banques Populaires, acquired a 34 percent stake in ADIR, with Byblos Bank retaining a controlling interest of 64 percent. The Group believes that the association with the French banking giant will continue to facilitate the offering of bancassurance services to Byblos Bank customers in Lebanon and other selected markets where ADIR seeks to forge local partnerships.

Byblos Bank Europe S.A. is a European-regulated Belgian bank with total assets of almost USD 1 billion and total equity of more than USD 120 million. Since 1976, Byblos Bank Europe S.A. has been offering Trade Finance and Correspondent Banking services to Arab traders and entrepreneurs, European exporters, and MENA financial institutions. Through its Head Office in Brussels and its Paris (1980) and London (1981) branches, Byblos Bank Europe S.A. covers most of the African and Middle Eastern markets. As part of the Byblos Bank Group network, Byblos Bank S.A. has a highly specialized team that fulfills all the Commercial Banking needs of its customers. The Bank is also engaged in Treasury and Institutional Banking with emerging-market banks.

After three decades of prosperous business in Sudan via local banks and a selected customer base, the Group established Byblos Bank Africa in 2003. Operating under Sudanese law and the Sudanese Central Bank, Byblos Bank Africa’s main lines of business are Commercial Banking and Correspondent Banking. Following a new capital injection in 2008, Byblos Bank S.A.L. remains the largest shareholder in Byblos Bank Africa (56.9 percent), followed by the OPEC Fund for International Development (20 percent), the Islamic Corporation for the Development of the Private Sector (10 percent), and Sudanese investors (5 percent).

Byblos Invest Bank S.A.L. was established in 2003 as a means of increasing medium- and long-term investment options for the Group’s customers. Under Lebanese law and the regulations of the Central Bank and the Banking Control Commission, Byblos Invest Bank S.A.L. is a specialized institution: its main objectives are to allow customers to benefit from attractive interest rates on term deposits for periods longer than six months, and to provide medium- and long-term loans to new and expanding companies. In addition to ongoing Treasury activities, Byblos Invest Bank S.A.L. offers the following services through its Investment Banking Department: Business Plans, Feasibility Studies, Company Valuation, Company Restructuring, and Mergers & Acquisitions. In addition, Byblos Invest Bank can be instrumental in mobilizing funds (debt, equity, and quasi-equity) through private placement memorandums, as well as in matchmaking between potential investors and sellers.

Byblos Bank Syria S.A. was founded in 2004 following legislation to reform and modernize the Syrian banking sector. The Bank is owned (52.37 percent) and managed by Byblos Bank S.A.L., with Syrian investors holding 40.13 percent and the OPEC Fund for International Development (OFID) 7.5 percent. Byblos Bank Syria has developed a wide range of Corporate, Commercial and Consumer Banking services to meet the needs of clients in the Syrian market.

Following the 2007 acquisition of a 100 percent stake in Armenia’s International Trade Bank, the institution was renamed Byblos Bank Armenia C.J.S.C. and commenced operations in 2008 as the Group’s ninth overseas subsidiary. Currently the Bank is a joint venture among the Byblos Bank Group, which owns 65% of the capital, the European Bank for Reconstruction and Development (EBRD) 25%, and the OPEC Fund for International Development (OFID) 10%. Byblos Bank Armenia C.J.S.C. is now in the process of expanding its lines of business to bring them into line with those of the Byblos Bank Group.