Byblos Bank Opens the London Stock Exchange and participates in the Opening the New York Stock Exchange

Byblos Tower, Ashrafieh, March, 2009:

Byblos Bank is the first Lebanese bank to have opened the London Stock Exchange (LSE) before participating in the opening of the New York Stock Exchange (NYSE) three days later, early in March 2009.

According to the London Stock Exchange, Byblos Bank is also the first Lebanese company to list on the LSE in the past 12 years and the first bank to list on the LSE in 2009, showing resilience despite the ongoing global financial crisis.

Tracey Pierce, Head of Equity Primary Markets at the London Stock Exchange Group welcomed Byblos Bank to the LSE by hosting a Market Open event to mark the listing of Byblos Bank’s Global Depository Receipts (GDRs) on the Exchange’s Main Market. Semaan Bassil, Vice Chairman – General Manager of Byblos Bank was invited to open the market on the morning of February 27, 2009 by activating The Source, LSE’s eight storey high kinetic sculpture, signifying the opening of the London Markets.

Byblos Bank posted net profits of $122 million in 2008, up 23% from the previous year. The bank’s assets increased by 18.5% to $11.2 billion at year-end 2008, as compared to year-end 2007. These figures constitute the highest year-on-year growth rates in profits and assets respectively among Lebanon's top three banks.

The Global Depositary Shares, representing up to 26 per cent of the bank's common shares, were issued under a sponsored facility and admitted to trading on the LSE's Main Market on February 19, 2009. The global law firm Dewey & LeBoeuf advised Byblos Bank on this London Stock Exchange listing. The Bank of New York Mellon acts as depositary bank.

“Byblos Bank established this sponsored facility in order to increase liquidity through the listing of Global Depositary Shares and to promote further transparency for investors," said Semaan Bassil, during a reception where he received a commemorative plaque welcoming Byblos Bank to the Exchange’s Main Market.

The event was attended by Chief Executives from Byblos Bank’s Headquarters as well as the Managers of Byblos Bank Europe and Byblos Bank London. Guests included Investment Bankers as well as key executives from The Bank of New York Mellon and Dewey & LeBoeuf.

On March 2, 2009 Byblos Bank joined the "Lebanon Capital Market Day” in New York where the Governor of the Central Bank of Lebanon rang the bell to open the NYSE Market. The "Lebanon Capital Market Day” is an initiative organized by The American Lebanese Chamber of Commerce and The Bank of New York Mellon to attract potential investors into the Lebanese Market.

Byblos Bank is one of the leading banks in Lebanon, providing a full range of retail banking, commercial banking, treasury, capital markets and private banking and international banking and trade finance services through its extensive branch network, which is the third largest in Lebanon. Through its overseas banking and other subsidiaries, the Bank maintains a strategic presence in emerging growth markets, particularly in the MENA region, and also conducts a wide range of commercial banking and financial activities in Europe. Byblos Bank was established in 1950 and operates in Lebanon, the United Kingdom, France, Belgium, Armenia, Cyprus, the United Arab Emirates, Syria, Iraq (Kurdistan), Sudan and Nigeria.

Byblos Tower, Ashrafieh, December, 2008:
In a joint statement, Byblos Bank s.a.l. and Unicredit Banca Di Roma SpA announced the acquisition of the Lebanon Branch of Unicredit Banca Di Roma SpA by Byblos Bank s.a.l. 

This step comes in context of Byblos Bank’s expansion plan both locally and regionally which includes acquiring branches of foreign banks in Lebanon. This has been translated over the previous years by a strong history of acquisitions.  In 1999 the Bank acquired Nova Scotia Bank – Lebanon; in 2000, it acquired Wedge Bank Middle East, and the assets of ING Barings – Lebanon; and in 2002, it acquired the assets and liabilities of ABN AMRO Bank N.V.- Lebanon Branch. Commenting on this new move, Mr. Semaan Bassil, Vice Chairman – General Manager of Byblos Bank, said, “This acquisition marks a new step in the rapid expansion of Byblos Bank. Our solid relationship with foreign banks makes us their priority choice when it comes to selling their assets.”        

Located in Downtown Beirut, Unicredit Banca Di Roma SpA – Lebanon branch is the oldest operating bank in Lebanon today, since its foundation in 1919. The local branch of Unicredit Banca Di Roma SpA had total assets of USD 80 million, loans of USD 25.5 million and customer deposits of USD 66 million as at year end 2007.

Byblos Bank is a leading bank in Lebanon ranked third in total assets, total shareholders equity, total deposits and net income. With this new acquisition the Bank gained a prime location which it will continue to operate from, in Downtown Beirut, next to the parliament building. The bank now boasts 76 branches covering all regions of Lebanon, giving it one of the best spread networks to service its clients. Today, Byblos Bank enjoys a significant presence in 11 countries including Lebanon, Belgium, France, Great Britain, Cyprus, Sudan, Syria, UAE, Iraq, Armenia, and Nigeria.

Byblos Tower, Ashrafieh, August 29, 2008:
The Extraordinary General Assembly of Byblos Bank sal held today, August 29, 2008, approved the issuance of 2 million Series 2008 Preferred Shares, the largest issuance of its kind in Lebanon for the year 2008, through which the Bank raised $200m. 

In this context, Dr. François Bassil, Chairman-General Manager of Byblos Bank said: "This sizeable issuance is a clear indicator that we are on the right track, as it reflects the strong confidence in Byblos Bank's strive to achieve even higher goals." Dr. Bassil expressed his relief concerning the wave of optimism that reigned over Lebanon after the election of a new president, allowing the constitutional institutions to pursue their duties. He added: "This atmosphere will set all the banks and economic sectors for more success."        

The Series 2008 Preferred Shares are non-cumulative, redeemable and subject to a call option by the Bank starting in 2013 and for each subsequent year. The issue price of the Series 2008 Preferred Shares is $100 per share at a par value of LBP 1,200 per share. Proceeds will be used for general funding purposes, including strengthening the Bank’s capital structure, external growth, and development of investment banking activities, among others.

Holders of the Series 2003 Preferred Shares had the priority to subscribe to the 2008 issue on a pro rata basis.

Holders of the Series 2008 Preferred Shares will receive $8 per share in annual dividends. The amount raised constitutes the largest issuance of preferred shares by a Lebanese bank so far in 2008 and reflects the confidence of investors in the Lebanese banking sector in general and in the vision and strategy of the Byblos Bank Group in particular.

Last November, the Bank raised $200m from the issuance of a convertible bond. The bond, which carries a 6.5% coupon rate, has a 5-year maturity during which subscribers can ask every three months to convert their subordinated debt into Byblos Bank common shares for the price of $2.25 per share. The placement constituted the first and only capital market transaction by a Lebanese bank on the international capital markets during 2007, and is the first-of-its kind convertible debt instrument to be issued by a Lebanese bank. Also, the Bank was able to attract, without the assistance of an international investment bank or any other placement agent, international institutional investors as well as local investors despite the adverse political conditions in the country at the time. The placement contributed to consolidating the Bank’s private funds, and will assist the Bank in pursuing its strategy of asset diversification and expansion in emerging markets.

Byblos Bank, one of the top three banks in Lebanon, posted net profits of $56m in the first half of 2008, constituting an increase of 36% from the same period last year. Its assets rose by 18% to $10.24bn and its deposits grew by 16% to $7.9bn year-on-year. The Byblos Bank Group has a direct presence in Iraq, Syria, the United Arab Emirates, Sudan, Nigeria and Armenia, as well as in Belgium, France, the United Kingdom, and Cyprus.

Byblos Tower, Ashrafieh, August 13, 2008:
Byblos Bank announces the opening in Lebanon of its 75th branch, in Baabdat-Metn. The branch started its operations on July 14, 2008 under the direction of Mr. Kamal Abou Khalil, endowed with a wide banking experience.

To ensure a better service to its clients, the branch has been conceived with an innovative concept, designed with glass windows and clear wood, reflecting the openness and transparence of the Bank.

The Baabdat branch covers regions of the Metn notably Dhour El Choueir and surroundings, Broumana, Bteghrin and Bekfaya.

Byblos Bank strives to answer its clients' needs and offer them the most efficient services in order to participate in the prosperity of the Lebanese economy, stimulate the activity in the Lebanese regions and guarantee the satisfaction of its citizens.

This national expansion goes hand in hand with Byblos Bank's development on both regional and international levels, the Bank being strongly present in Iraq, Armenia, Belgium, France, Great Britain, Syria, Cyprus, Sudan and the UAE where it offers customized products and services to the country’s citizens and Lebanese expatriates.

Branch Address (Equipped with ATM)
Baabdat Main Road – Charabati Bldg.
Tel: 04 / 821990.1.2.3
Fax: 04 / 209486

Byblos Tower, Ashrafieh, July 30, 2008:
To close the "AUB Class Reunion 2008 Program", an event sponsored by Byblos Bank from June 30 till July 2, 2008, a dinner was held on June 30, 2008 at St Georges Yacht Club, gathering the AUB alumni, expatriates and residents, in a friendly atmosphere. 

In his speech for the occasion, Mr. Raffoul Raffoul, AGM and Head of Group Organization, Strategy and Operational Support Services at Byblos Bank indicated that "in the banking sector, human capital is the biggest asset and talent the driving force". And he added: "We aim at achieving a very simple relationship with all AUB graduates. AUB is an education role model in the region and we hope that by working with elite people like you, we increase our chance of becoming a banking role model in the region".

At the end of the dinner, a draw took place and a symbolic gift was offered.

Expatriates rank among the priority segments in Byblos Bank's strategy and this is why the Bank offers them loans, i.e the Housing Loan for Expatriates and the Expatriates' Package, made just for them in order to facilitate their comeback to the mother country or help them keep a link with Lebanon.

In addition to that, the Bank does not spare any effort to support all university activities since it promotes culture and education in Lebanon.

The event included reunions and activities: homecoming reception, music concert with Hanin and a Cuban band, brunch, etc…

Byblos Tower, Ashrafieh, July 7, 2008:
Byblos Bank welcomed Patti Smith during a press conference she held at the Bristol Hotel on July the 7th, 2008, on the occasion of launching Byblos International Festival, during which she will give a concert on Tuesday, July the 8th, 2008. 

Being a rock icon in the United States, Patti Smith, engaged artist, started her singing career back in 1975 with her first album entitled "Horses". Concerning her visit to Lebanon, Patti Smith revealed her excitement to give a concert in Lebanon and expressed her appreciation to the Lebanese people, "resilient and determined to survive and overcome all kinds of difficulties".

At the end of the conference, Patti Smith sang with a voice full of emotion, expressing her love to Lebanon. On the other hand, Byblos Bank offered her a book about the city of Byblos.

Patti Smith's concert will open Byblos International Festival sponsored by Byblos Bank for the eight consecutive year.

Byblos Bank Launches Visa Infinite Card
VIP Card with Unparalleled Privileges


Byblos Tower, Ashrafieh, June 30, 2008:
Byblos Bank launched the Visa Infinite Card during a press conference held on June 30, 2008, at Byblos Bank Headquarters in Ashrafieh. Were present Mrs. Joumana Chelala, Head of Consumer Banking Division, a number of the Bank’s managers and employees, Mr. Tony Gougassian, Visa International Area Manager, and Mr. Walid Rizk, Visa International Manager for Lebanon and Syria.

 “Visa Infinite is a high-end card dedicated to VIP people”, said Elie Abou Khalil, Head of Group Retail Products Development. Whether the client is looking to book a flight, charter a yacht, purchase tickets to a sell-out event or source an exciting gift, Byblos Bank makes it all possible with the Visa Infinite Card, designed to cater to the needs of VIP clients.

Mr. Georges Fares, Head of Group Cards Products highlighted the unique characteristics of Visa Infinite Card that distinguish its holder thanks to unparalleled advantages such as:

•A round-the-clock service.
•Access to more than 500 Airport VIP lounges across the world.
•High ceiling on purchases and cash withdrawals.
•Access to an exclusive concierge service.
•Access to exclusive travel offers to the most prestigious tourist destinations around the world (coordination of all travel details to help clients spare time and expenses re organizing the trip and getting separate travel insurance).
•Global insurance up to USD 1 million for the holder and his family.

And he added: “The Visa Infinite Card is an addition to the large array of cards specially designed by Byblos Bank to meet the needs of the different segments. Like all Byblos Bank cards, the Visa Infinite allows its holder to benefit from the Cards’ Loyalty Program that consists of collecting points and exchanging them against exciting and valuable gifts”.

In addition, this card gives its holder a privileged treatment in different places around the world especially in the most prestigious hotels, sport clubs, restaurants and SPAs.

Byblos Bank always proves its will to fulfill the requirements of its clients and strives to constantly offer them new products and personalized services in order to meet their expectations as it is their “Bank for Life”.

Byblos Bank Gives Its Voice to Nature and Sponsors "Sur Les Sentiers Du Liban"


Byblos Tower, Ashrafieh, June 05, 2008:
In the occasion of the World Environment Day, Byblos Bank confirmed its engagement to preserve Lebanese natural landscapes. For that purpose, the Bank sponsored "Sur les Sentiers du Liban", a project conceived by Pierre Bared, a Lebanese citizen and photographer of natural landscapes who dreams of crossing Lebanon on foot, from North to South, in order to raise the awareness of the Lebanese citizens towards the beauty of nature and Lebanese villages, seen through the lens of his camera.

The passion of the photographer and the strategy of the Bank concurred, giving birth to this project. For the first time in Lebanon, Pierre Bared will cross Lebanon on foot during a month, from June 6 till July 6, 2008, through a mountainous pathway that stretches out from Kobeyate in the North till Marjeyioune in the South, crossing several other Lebanese villages.

It is to note that the project is insured by ADIR Insurance & Reinsurance that does not miss any occasion to contribute to the protection of the environment in order to insure a better future.

The objectives of this project are numerous notably to show Lebanese citizens the beauty of the country’s landscapes and villages and incite them to preserve its forests, raising awareness on protecting the environment and urge them to a responsible action when they are in the nature.

Byblos Bank always encouraged projects related to nature and Lebanese villages. In fact, it is to remind that the Bank broadcasts "Hayda Lebnan", a TV documentary describing in every episode a Lebanese village as well as its characteristics and the traditions of its inhabitants.

In her speech given during the press conference held at Byblos Bank’s Head office, Mrs. Nada Tawil, Head of the Group Communication Department declared that: ” Byblos Bank is proud of the initiatives it takes with the aim of protecting the Lebanese environment. We can recall the environmental campaigns that were launched years ago namely, “A Cedar Tree to Preserve Your Roots” and “Plant a Tree”. Preserving the environment is every company’s and citizen’s responsibility if we want to leave a rich heritage for the future generations”.

From his side, Pierre Bared shared with the audience the details of this solitary walking trip and expressed his determination to take the challenge in order to raise awareness among Lebanese citizens.
Byblos Bank is a Bank committed to the nature and to Lebanon; therefore, the Bank always encourages initiatives and projects aimed at preserving the Lebanese environment.

Byblos Bank Launches Kafalat Loan Campaign at 0% Interest
0% Interest Rate for Projects Full of Interest

Byblos Tower, Ashrafieh, June 02, 2008:
Byblos Bank launched in May its Kafalat campaign aimed at providing support and necessary financing to small and medium enterprises (SME's) looking to grow their activities and to new entrepreneurs willing to launch their own enterprise in the framework of the Bank's strategy to promote the Lebanese economy and participate in creating new job opportunities.

The campaign was launched through newspapers and billboards titling “0% interest rate for projects full of interest” along with radio spots and interviews giving more information on the loan, its characteristics and benefits. Radio interviews also broadcasted live success stories and gave auditors to possibility to participate in competitions to win valuable prizes.

With Byblos Bank Kafalat loans, you can benefit from loans at 0% interest rate for the sectors of industry, agriculture, tourism, handicraft, technology, IT and cinematography in order to offer financing, technical and professional assistance.

Because it is deeply concerned with the Lebanese economy and one of its main objectives is to make it prosper, Byblos Bank was the first Bank in Lebanon to offer Kafalat Loan back in 1999 to reinforce Lebanon's economy, end the rural exodus and encourage SME's to grow and increase their benefits.

Byblos Bank Sponsors "Lebanon: Country of Love and Peace"
Child's Week for the 24th consecutive year

Byblos Tower, Ashrafieh, May 02, 2008:
A poster showing a little girl holding the Lebanese flag as well as a pigeon symbolizing peace announced the Child's Week theme: Lebanon, country of love and peace. For the 24th consecutive year, Byblos Bank sponsored the Child's Week that took place from February 4 till March 26, 2008 in Jbeil. This annual meeting is aimed at encouraging children to prove and reveal their talents in many fields like arts, culture and education. Competitions were held on 12 April, 2008 and Byblos Bank will distribute scholarships to winners in order to encourage their talents.

The program of this event organized by APPEL (Association for the Protection of the Lebanese Children) for the public and private schools' students, with the support of Byblos Bank, comprised many competitions, among which rhythmic dances, poetry, painting on ceramic, animated songs and drawing, evolving around "Lebanon: Country of Love and Peace" theme.
The jury was composed of artists, professionals and personalities from the region who were keen on encouraging children and fulfill them.

Representatives of the Regional Management in Jbeil / Keserwan, Jbeil / Kesrwan branch managers as well as members of the APPEL, represented by Ms. Suzanne Oueis, attended the event and encouraged the participants.

The distribution of prizes will be held in a later time. 

Byblos Bank Present at the City Kids Exhibition at Forum de Beyrouth

Byblos Tower, Ashrafieh, April 02, 2008:
Byblos Bank, the only bank present at the City Kids exhibition held at Forum de Beyrouth from April 26 till May 1st, aimed at building closer ties with parents and children and confirming one more time its role of Your Bank for Life.

Byblos Bank prepared an out of the ordinary setting: a lively, colored and interactive stand where children enjoy their time with clowns and eat cotton candies balloons in hands; parents can get more information on Byblos Bank's products by asking the Bank’s employees, notably about the saving plan "Insure Your Child's Education" and the Cool Card.

Through its presence in this exhibition, Byblos Bank aims at getting closer to families and children in order to accompany them from their early age and to help parents to guarantee them a stable and sure future. Products displayed are the saving plan "Insure Your Child's Education" and the Cool Card.

"Insure Your Child's Education" is a saving plan through which parents can save money for their children. This plan is provided with a life insurance cover whose sole and ultimate beneficiary is the child. Parents can start saving from the birth of their child starting $25 per month; payments can be paid quarterly, semi annually and annually. Parents have also the choice to decrease or increase these payments or even boost their savings with exceptional premiums.

The Cool Card is specially conceived for cool youngsters. Byblos Bank created this card to enable them to establish themselves financially and to be updated on all the banking innovations. The use of the Cool Card is very practical since aside from the possibility to withdraw cash money for free from Automatic Teller Machines (ATM), to use the card round the clock and to benefit from a Personal Identification Number (PIN) inserted in the ATM's to withdraw money, youngsters benefit from numerous advantages i.e discounts in shops and restaurants and the chance to enter exciting draws and win cool gifts.

Byblos Bank's motto "Your Bank for Life" is not a succession of words but a series of concrete actions taken in order to stay close to clients, guide them and accompany them through all the stages of their lives.

Arab Trade Finance Program Grants Byblos Bank a Credit Line of USD 25 Million

Byblos Tower, Ashrafieh, March 18, 2008:
The Arab Trade Finance Program (ATFP) and Byblos Bank S.A.L. inked today an agreement for a USD 25 million credit line in Abu Dhabi, in the United Arab Emirates. The agreement was signed by Dr. Jassem Manaei, Chairman-Chief Executive, on behalf of the Program, and Dr. Francois S. Bassil, Chairman-General Manager, Byblos Bank S.A.L.

By virtue of this agreement, the program will grant Byblos Bank a credit line of USD 25 million, extended for the purpose of financing trade operations, notably import and export of various goods and products between Lebanon and other countries.

Dr. François S. Bassil stressed the importance of the role played by the Program through the services and facilities provided with regards to the positive effect that will contribute to promote and develop the volume of trade transactions between Arab countries and to raise the competitiveness level of Arab producers and exporters. He also praised the cooperation and agreement between Byblos Bank and the Program's administration.

Byblos Bank Contributes to the Reforestation of Lebanon
1.5 hectares of trees already planted in Rechmaya

Byblos Tower, Ashrafieh, March 07, 2008:
Byblos Bank has confirmed again having green hands and is contributing to the reforestation of the Lebanese regions. Thanks to its clients and in recognition of their efforts, Byblos Bank could plant the first set of trees, i.e 750 trees over 1.5 hectares, in Rechmaya, in March 2008, within its "Exchange Your Points and Plant a Tree" campaign, launched in December 2007. The campaign is still under way and the second set of trees is to be planted in November 2008.

"Exchange Your Points and Plant a Tree" is a campaign aimed at planting trees in certain regions in Lebanon that were devastated by flames during summer 2007. Every holder of a Byblos Bank Credit Card (MasterCard, VISA, Lira, USD, EURO Classic, Gold, Platinum, Military and Mother's Card) can contribute by exchanging 350 Loyalty Card Points for a tree. With every dollar spent with Byblos Bank cards, a point is cumulated. Points accumulated are exchanged for valuable gifts chosen from the Cards Loyalty Program Booklet. To plant a tree, you just have to accumulate 350 points. A contribution certificate is then delivered to you in your name.

This new Byblos Bank campaign launched in partnership with the AFDC (Association for Forests Development and Conservation) carries a national and environmental message and targets every committed Lebanese nostalgic of the green Lebanon. The idea of the campaign was born after the multiple fires that devastated the green areas in Lebanon in 2007. Therefore, Byblos Bank decided to contribute to the reforestation of Lebanon with one main objective, the preservation of the environment and the nature of Lebanon with the participation of its clients.

When the 350 points are accumulated, the client can visit one of the Bank’s 73 branches or call the Bank’s Customer Service in order to exchange his / her points against a tree.
The word "environment” has always been on Byblos Bank’s agenda; it's in this perspective that the Bank launched the "Plant a Cedar to Preserve Your Roots" campaign in December 2004 whereby a cedar is planted in the name of every Lebanese expatriate who opens a bank account in Byblos Bank. An ecological day was organized as part of this campaign during which a group of expatriates gathered at the Chouf natural reserve where around 200 cedars were planted in their names.

Flash back in the 90's, Byblos Bank was the first Lebanese bank to launch an environmental campaign aiming at increasing the Lebanese awareness of sea pollution problems; the campaign was titled: عمول منيح وما تكب بالبحر

Byblos Bank never stops taking initiatives but the objective remains the same: the prosperity of the Lebanese economy as well as the well-being and the satisfaction of its clients.

Byblos Bank's "Volant d'Or" Rewards Best Cars Sales for Used and New Car Loans
In recognition of their agents’ efforts in selling Byblos Bank Auto Loans

Byblos Tower, Ashrafieh, February 06, 2008:
Byblos Bank organized on Friday, February 1st, 2008 at Le Pavillon Royal, BIEL, the “Volant d’Or” dinner reception to reward dealers and agents of used and new cars who deal with the Bank, in recognition of their efforts in selling Byblos Bank Auto Loans in 2007.

A panel of regional managers, branch managers and staff from various Byblos Bank branches, notably the employees of the Consumer Loans and the Detail Development Units, were present at the “Volant d’Or” reception along with a group of cars salesmen and women from various dealers of used and new cars.

In his opening speech, Mr. Elie Abou Khalil, Head of Retail Product Department highlighted that in 2007, Byblos Bank was able to maintain its place among the leading banks in the banking consumer services and remains the first bank in this sector with a 38% increase of turnover.

From her side, Mrs. Georgina Eid Dinar, Head of Consumer Loan Unit noted that "despite the challenges and obstacles encountered this year and the difficult situations we faced, Byblos Bank was able to reach more objectives than expected thanks to the efforts made as well as the strong will of the Lebanese people no matter how hard the circumstances”. She added that: “The year 2007 was marked with dynamism in the cars sector. Indeed, Byblos Bank registered a 55% growth rate in terms of car loans. Byblos Bank's slogan is: "Integrity, mutual respect, team work and ethical and professional values". Our objective for the year 2008 is to always offer the best products and services and to continuously develop our systems and programs in order to better serve our clients who are our main priority.

Valuable prizes were distributed to salesmen and agents who achieved the best selling performances in Auto Loans.

For the category of the Best Sales Team for New Cars, BUMC, agent of Toyota and Lexus cars in Lebanon, maintained its first place for the third consecutive year. Mr. Ghassan Bejjani, branch manager – BUMC Hazmieh, received the “Volant d’Or” for the third consecutive time as Best Salesperson for new cars.

For the category of the Best Sales Team for Used Cars, "Auto Kino" represented by Sirs. Habib, Milad and Ziad Nehme won the "Volant d'Or 2007", thus maintaining its first place. As for the category of the best salesperson, it was Hanna Abi Hanna, from Ets. Rabih Michel Khoury at Jounieh who won the "Volant d'Or 2007" prize for the first time

Byblos Bank launches the Mother's Card for the New Year
An innovative idea from Byblos Bank, a card designed for the mother in you.

Byblos Tower, Ashrafieh, January 14, 2008:
For the New Year, Byblos Bank launches its Mother's Card, a credit card dedicated to the mother in you. Because you are special and very dear to our hearts, Byblos Bank gave you a thought especially for the New Year and decided to devote to you a large part of its innovations. Therefore, the Bank decided to favor them with this card that gives them a special treatment.

With the Mother's Card, you can benefit from many advantages notably the possibility to have your children's picture or the pictures of your loved ones on the card. Furthermore, you can automatically enter the Mother's Card Loyalty Program that enables you to receive many gifts for you or your children from different shops and outlets. By virtue of this Program, every dollar you spend with the card will make you win a point. You can then redeem points that you accumulate for lots of valuable gifts. And if you are looking for a gift idea, the Mother's Card is the ideal solution to surprise and impress your friends and relatives.

Being the first Bank to have launched retail products back in 1991, Byblos Bank accompanies you through all the stages of your life in order to meet all your financial needs. The Bank studies and creates all its products with the objective of being up to date and going hand in hand with the development, change and evolution of its clients' lifestyle.

Because its strategy lies in pleasing the needs of all categories of clients, Byblos Bank always strives to create, innovate and study the market in order to satisfy its clients. This is the main commitment to which the Bank devotes itself; Byblos Bank works non-stop in order to always meet its clients' expectations and thus, remain their Bank for Life.  .

EIB Grants Byblos Bank a Credit Line of USD 87 Million
For the Second Time, Byblos Bank benefits from a Global Loan Agreement without State Guarantee–under the EIB-FEMIP program sponsored by the European Union

Byblos Tower, Ashrafieh, December 27, 2007:
The European Investment Bank (“the EIB”) finalized with Byblos Bank on December 20, 2007 the signing and execution of the second Global Loan (GL) agreement for an amount of USD 87 million without the State Guarantee.

The overall objective of the Loan agreement is to promote economic growth and sustainable employment in all the productive sectors of the Lebanese economy.

The Global Loan proceeds shall be on-lent to fund 50% of the eligible costs of eligible sub-projects undertaken by eligible promoters in eligible sectors. The remaining 50% of the above eligible costs will be financed –if any- by Byblos Bank at its discretion.

The eligible promoters are the small and middle enterprises “SMEs” having less than 500 employees and Net Fixed assets less than EUR 75 million.

The eligible sectors are the productive economic sectors; namely Industry, Tourism, Health, Higher Education, IT and Knowledge-Based, Energy, and Telecommunications.

The eligible sub-projects are investments: a) that intend to expand, modernize or rehabilitate existing assets; b) that started three and a half years ago and were completed not more than six months ago; c) that will be implemented during the course of three years; d) that are compliant with Lebanese environmental legislation and with related EU-directives as may be appropriate; e) that require medium to long term financing (above 5 years) ranging between USD 100,000 and USD 15 million; and f) that have proven their economic, technical and financial feasibility.

The eligible costs are a) the purchase of new tangible fixed assets including the purchase of land if the land is directly associated with the sub-project and if it represents a maximum of 25% of the total eligible sub-project costs b) the permanent increase in working capital resulting from the new investment to be adequately demonstrated and to be capped at maximum 20% of the total eligible sub-project costs and c) the refinancing of incurred costs of used or existing fixed assets associated with the sub-project and which have not already been financed by the EIB or by Byblos Bank.

It is worth mentioning that Byblos Bank was the first private bank in the Near East and the second in the Mediterranean Partner Countries to have benefited from the EIB early 2006 from a Global Loan Agreement without the State Guarantee for USD 60 million.

These initiatives by Byblos aim to boost the competitiveness of the Lebanese SMEs, to promote further their growth and thus job creation by providing them with adequate long term financing at affordable fixed prices to carry out their long term investments.

This agreement is the third accomplishment made during the past two years and is the result of the strategic cooperation that started several years ago with the EIB. Aside from the first and now the second Global Loan Agreements, the EIB has also committed to invest in Byblos Ventures (holding) S.A.L our private equity investment company which will have a capital base up to USD 50 million to be invested into the capital of well identified local and regional SMEs to strengthen their equity base and their growth potential.

As a longstanding partner of Lebanon with a history of cooperation going thirty years back, the European Investment Bank proved once again its continued commitment toward the reconstruction of Lebanon and continued support for its recovery process amidst the difficult times the country is currently facing.
 

Byblos Bank Going Green to Reforest Lebanon
Plant a Tree with the Byblos Bank Cards Loyalty Program

Byblos Tower, Ashrafieh, December 3, 2007:
It's on a Green note that Byblos Bank closes the year 2007 with its new "Exchange Your Points and Plant a Tree" campaign. At the end of this year, the Bank decided to go for green fingers and to turn black into green.

"Exchange Your Points and Plant a Tree" is a campaign aimed at planting pines and olive trees in certain regions in Lebanon. Is concerned every person holding a Byblos Bank Credit Card (MasterCard, VISA, Lira, USD, EURO Classic, Gold, Platinum, Military and Mother's Card). In fact, this campaign is a part of the Byblos Bank Cards Loyalty Program whereby every dollar spent with Byblos Bank Cards allows the client get one point; the accumulated points are exchanged into valuable gifts chosen from the Cards Loyalty Program Booklet. To plant a tree, you just have to accumulate 350 points. A contribution certificate will be delivered to you in your name.

This new Byblos Bank campaign launched in partnership with the AFDC (Association for Forests Development and Conservation) carries a national and environmental message and targets every committed Lebanese nostalgic of the green Lebanon. The idea of the campaign was born after the multiple fires that devastated the green areas in Lebanon. Therefore, Byblos Bank decided to contribute to the reforestation of Lebanon with one main objective, the preservation of the environment and the nature of Lebanon with the participation of its clients.

When points are accumulated, the client can visit one of the Bank’s 73 branches or call the Bank’s Customer Service in order to exchange his / her points against a tree. The client will then receive a certificate proving that a tree has been planted in one of Lebanon's forests.

The word "environment” has always been on Byblos Bank’s agenda; it's in this perspective that the Bank launched the "Plant a Cedar to Preserve Your Roots" campaign in December 2004 whereby a cedar is planted in the name of every Lebanese expatriate who opens a bank account in Byblos Bank. An ecological day was organized as part of this campaign during which a group of expatriates gathered at the Chouf natural reserve where around 200 cedars were planted in their names.

Flash back in the 80's, Byblos Bank was the first Lebanese bank to launch an environmental campaign aiming at increasing the Lebanese awareness of sea pollution problems; the campaign was titled: عمول منيح وما تكب بالبحر

Byblos Bank never stops taking initiatives but the objective remains the same: the prosperity of the Lebanese economy as well as the well-being and the satisfaction of its clients.
 

Byblos Bank Closes Successfully a 200-Million Dollar Subordinated Debt Convertible into Common Shares
The First & Only Capital Market Transaction by a Lebanese Bank on the International Capital Market in 2007

Byblos Tower, Ashrafieh, November 20, 2007:
Byblos Bank announced on Tuesday November 20, 2007 during a press conference held at the Bank’s head office, that the Bank has successfully closed a 200-million dollar subordinated debt convertible into common shares.

The tenor of this subordinated debt is 5 years during which the subscribers can ask every 3 months to convert their subordinated debts into Byblos Bank common shares for the price of USD 2.25 per share.

During his speech given for the occasion, Dr. Bassil stressed the importance of this transaction, considered as groundbreaking for the following reasons:

- This is the first and only capital market transaction by a Lebanese bank on the international capital market during 2007
- It is the first time that a Lebanese bank issues a debt instrument convertible into common shares upon the approval of monetary and supervisory authorities.
- The transaction took place at a very difficult moment for Lebanon showing confidence in Byblos Bank and the Lebanese banking sector in general, despite the adverse political circumstances in the country
- Byblos Bank was able to attract leading international institutional investors as well as local investors - The transaction contributed significantly to the substantial improvement in the balance of payments until 4 October 2007 and to consolidating the private funds of Byblos Bank that will reach around USD 900 Million assisting the Bank in pursuing its expansion abroad in search for new market.
- The placement was effected directly by Byblos Bank without the assistance of an international investment bank or any other placement agent.

Dr. Bassil also noted that “the transaction was approved by a substantial majority of Byblos Bank shareholders (81.41%) with no shareholder voting against it”. He also extended his thanks to the Central Bank of Lebanon for the support and flexibility provided in structuring the transaction and assisting Byblos Bank.
 

Cooperation Agreement between Byblos Bank and South BIC
Signature of a Protocol to Develop the Agricultural and Services Sectors

Byblos Tower, Ashrafieh, October 29, 2007:
Byblos Bank, represented by Ms. Joumana Chelala, Deputy Head of Group Consumer Banking Division and Mr. Majdi Hammoud, Regional Director of the South region, signed a cooperation agreement with South BIC represented by Mr. Karim Hammoud, General Manager. This protocol is aimed at encouraging and supporting the small and medium enterprises as to the financing and professional training. Were present during the signature Mrs. Dolly Hatem, Head of Kafalat and Small Business Lending Unit at Byblos Bank, Mr. Elie Abou Khalil, Head of Retail Products Development at Byblos Bank, Miss Rita Karam, Coordinator of Services and Accounting at South BIC and many other representatives of Byblos Bank.

South BIC is a Center owned by the Chamber of Trade and Commerce of Sidon and the South region, the Municipality of Sidon and the Hariri Institution. It is presided by the Chamber of Trade and Commerce, co-financed by the European Union and supported by the Ministry of Economy and Trade. This Center, first of its kind in the South region, aims at adopting and sponsoring the small and medium enterprises and providing them with assistance, consultancy services and training in the technical and industrial know-how notably in the marketing and sales, technology, accounting and other fields. One of the Center's objectives is also to help these enterprises in how to provide the necessary financing to their projects. The Center also organizes several training activities in different fields to these small and medium enterprises. South BIC is currently erecting a 6000m2 building, still under construction, for the incubation of newly starting enterprises.

In details, this protocol is intended to facilitate and speed the process of obtaining subsidized loans for these small and medium companies from Byblos Bank in cooperation with South BIC, in return of a guarantee from Kafalat. It is also aimed at developing the industry sectors of the enterprises and providing them with trainings.

Byblos Bank was always a pioneer in supporting national industries and tourist activities in Lebanon and this is the reason why it concentrates its interests and makes all efforts to push the small and medium enterprises to develop because Byblos Bank believes that the development of these enterprises will directly contribute in Lebanon's prosperity and will boost its economy.
 

Byblos Bank Sponsors the USJ Faculty of Dentistry Rally Paper

Byblos Tower, Ashrafieh, October 26, 2007:
Byblos Bank sponsored the USJ- Faculty of Dentistry Rallye Paper on Saturday, October 26. This Rallye, organized for the fourth consecutive year in a row, gathered 200 students.

The participants followed an itinerary that led them towards "ARZ JEIJ" passing by Naher el Kaleb, and stopped at Byblos Bank's new branch in Jbeil where they had to answer a questionnaire concerning the Bank and Byblos Bank's Cool Card.

The Rally winners received their prizes during a ceremony that took place at "L-Bar" in Monot on Thursday, October 25th during which Byblos Bank presented a $ 500 check to the 3rd winning car.

Byblos Bank's initiative falls within its expansion plan aiming at getting closer to its clients especially youngsters as well as familiarizing them with its newest products notably the Cool Card, a credit card especially designed for young people that can be used 24 / 7 in shops, restaurants, coffees …

Byblos Bank wanted to introduce the "Cool Card" among young people in order to give them the chance to have their first credit and banking experience. This way, the Bank would be able to widen its base of clients, go hand in hand with the modernization taking place nowadays in all countries, participate in the development of the baking sector in Lebanon and be a pioneer as always in the products targeting consumers of all ages.
 

Byblos Bank Syria Opens Three New Branches: in Aleppo, Tartous and Lattakia

Byblos Bank Syria Headquarters - October 10, 2007:
Byblos Bank Syria has recently announced the opening of three new branches in Aleppo, Tartous, and Lattakia. Three Iftars were organized for this occasion in Lattakia at View Hotel, in Tartous at Chahine Hotel and in Aleppo at Sheraton Hotel. The receptions were attended by personalities from the political, diplomatic and industrial sectors as well as by Byblos Bank Syria clients.

Byblos Bank Syria seeks to have an efficient presence in all districts and to provide the best banking services and products in order to effectively contribute to the growth of Syria as well as the well-being of its people. In a very short period, the Bank opened six branches in Chaalan, Mezze, Homs, Tartous, Lattakia and Aleppo and this, according to a national expansion plan aiming at providing the biggest possible segment of the Syrian society with its services, in all the country.

This national expansion comes in line with the development of Byblos Bank Syria on the regional and international levels knowing that Byblos Bank is present in Iraq, notably in Erbil, in Armenia, in Europe (Paris, Brussels, London and Limassol), in Africa (El-Khartoum) and the Gulf (Abu Dhabi), and the Headquarters in Lebanon.

Not very long time ago, Byblos Bank launched its Retail programs and products in the Syrian market: Auto Loan, Personal Loan, cards in addition to the Housing Loan launched at the beginning of the year. These programs and products are important for they play an efficient role in the development of the Syrian economy, encouraging the investment and consumption activities and widening the middle class base in the country.

It is worth noting that the products and banking services of Byblos Bank Syria are not only designed to respond to the client's needs (individuals or institutions) but also to contribute effectively to the growth of the country, the modernization of its economy and the enhancement of the quality of living of its Syrian citizens. .
 

Cyprus Branch: Important Legal Notification

September 2007:
The data contained in international credit transfers and separately requested express credit transfers, is forwarded to the beneficiary’s banks via the worldwide payment service, the Belgium based Society for Worldwide Interbank Financial Telecommunication (SWIFT). For the system security reasons, SWIFT has operating centers in Europe and the USA and as a result personal data is transferred to the USA.
These data may be accessed by the US Authorities pursuant to local applicable laws for the purposes of combating terrorism.
 

Byblos Bank Opens a New Branch in Erbil
Opeartions Started since May 16 at Byblos bank - Erbil Branch

Byblos Tower, Ashrafieh. September 18, 2007:
Byblos Bank S.A.L. has recently announced the opening of its branch in Erbil, Iraq. As a branch of Byblos Bank S.A.L., Erbil branch activities will cover commercial and correspondent banking services including payments, letters of credit, letters of guarantee, and documentary collections.

The branch, located at Street 60, near the Sports Stadium in Erbil, started operations on May 16, 2007 with an approximate staff of 15 employees split between Iraqi nationals and Lebanese. The newly open Erbil Branch will benefit from the know-how and expertise of Byblos Bank S.A.L. and will use the same IT platform and all advanced and flexible banking systems in function at the Group level. All operations will be centralized at the Group’s Head office in Beirut and will benefit from the state of the art technologies escorting the Bank’s expansion.

An official source at the Bank highlighted that Iraq wasn’t a new experience for Byblos Bank. During the 1960s and 1970s, Byblos had dealings with major Iraqi traders and industrialists and Banks. “Erbil will be our gateway to Iraq, which we consider to be a market of tremendous potential. Today, Erbil and indeed Kurdistan, is a safe area to operate in, hence the start of our operations there. We are also following our Lebanese, Arab and European clients who have established a presence in Erbil, to service them”, explained the source.

Byblos Bank is the first Lebanese bank to open in Erbil and serve individuals and companies whether local or international. Byblos Bank plans to increase its branch network first in Kurdistan and subsequently in all of Iraq in the coming years. Expanding in the international market is not new to Byblos Bank as the Bank already has a strategic presence in Europe since 1976 (Byblos Bank Europe), Limassol, Cyprus since 1984 (branch), Sudan since 2003 (Byblos Bank Africa), in Syria since 2004 (Byblos Bank Syria), in Abu Dhabi since 2005 (Representative Office), and Armenia (Byblos Bank acquired a 100% stake in ITB Armenian bank in 2007).
 

Byblos Bank Acquires Armenian ITB Bank
A 100% Stake in ITB to Better Consolidate Strategic Expansion

Byblos Tower, Ashrafieh. September 10, 2007:
Byblos Bank S.A.L. recently announced its acquisition of a 100% stake in ITB (International Trade Bank), a bank incorporated in Armenia with 4 branches. The newly-acquired bank will be operated as an independent subsidiary of the Byblos Bank Group. The Armenian bank’s activities will cover corporate, real restate, commercial and retail businesses.

This expansion move comes within Byblos Bank’s strategy of diversifying its assets and revenues and thus expanding overseas. “Venturing into new markets isn’t new to us”, declared Semaan Bassil, Byblos Bank’s Vice Chairman and General Manager, “after Europe, Sudan, Syria, the UAE, and Iraq, we are now moving into Armenia for several reasons”. He highlighted that “Armenia in itself represents a very significant market with high potentials especially for retail and commercial activities which are two main lines of business highly important to Byblos Bank”. Another reason behind this bold move in the region is the need to serve the Armenian Diaspora which is present in the USA, Europe, Lebanon, Syria and other parts of the world.

Byblos Bank is the only Lebanese bank to operate in Armenia and will mainly focus on commercial and retail activities there.

With the above acquisition, Byblos Bank will now be present in 9 overseas countries, including 4 countries in Europe since 1976 (Byblos Bank Europe is operating in Belgium, France, and the UK), in addition to a branch in Limassol, Cyprus since 1984, a subsidiary in Khartoum, Sudan since 2003 (Byblos Bank Africa), a subsidiary in Syria since 2005 (Byblos Bank Syria is operating presently through 5 branches), a Representative Office in Abu Dhabi, UAE since 2005, a Branch in Erbil, Kurdistan, Iraq since May 2007 and now in Armenia.

Byblos Bank Launches its Cards Loyalty Program
The Best Deal for Card Users: A Point for Every Dollar Spent
Free Mobile Talk, Free Gasoline and Free Trips against Your Points

Byblos Bank Tower, Achrafieh, August 9th, 2007:  
On Thursday 9 August 2007, Byblos Bank SAL launched its Cards Loyalty Program under the title of: “Why Pay Cash?” during a press conference that gathered for the first time around the same table representatives from the two competitive international institutions MasterCard and Visa. The conference was attended by merchants taking part in the program, the press and representatives from Byblos Bank.

In her opening speech, Mrs. Joumana Chelala, Head of Marketing, Sales and Retail Products Department welcomed the attendees and talked about the role that Byblos Bank plays as a bridge builder and about its commitment towards the community it works with. Following were the words given by Mr. Elie Abou Khalil, Head of Retail Products Development Department and Mr. Georges Fares, Head of Cards Unit at Byblos Bank where they talked about the technicalities of the program explaining the best possible way to benefit from it. Mr. Abou Khalil and Mr. Fares explained that against each dollar or its equivalent spent on the card the client is awarded one point, noting that since the customer is paying for his purchases anyways, and with the card he bears no charges when using his card, so Why Pay Cash when he can benefit from additional free gifts after accumulating his points. The Byblos Bank Cards Loyalty Program is very flexible and gives the client the possibility to choose what he wants to redeem. If he chooses free travel tickets, he can select the airline he wants to travel with, if he wins gasoline, he can fuel up his car in any gas station he selects, and if he chooses free talk minutes on his mobile it doesn’t matter if his line is prepaid or postpaid or the operator.

The program gifts vary between hotel accommodation, sports equipment, electronics, and beauty treatments, but on top of all free gasoline liters, free talk minutes on the mobile phone and free travel tickets.

Then Mr. Abu Ghazaleh from Visa and Mr. Lawson gave separate speeches (enclosed).

At the end of the conference, a draw took place where 20 valuable gifts from the Loyalty Program were distributed to the winners.

Byblos Bank Cards’ Loyalty Program: Why Pay Cash?
 

Byblos Bank's Tartous Branch Starts Operations
Fifth Branch in Syria for a Wider Service

Beirut, July, 2007:  
After the opening of its branches in Mazzeh, Chaalan, Homs and Aleppo, Byblos Bank Syria launched the activities of its new branch in Tartous to be closer to its client base, wherever they are and thus facilitate their transactions and banking activities.

This new move comes within our strategic goal of expanding in the Syrian territories in an effort to better serve our clients in different regions by offering them world-class services, value and economic benefits.

Byblos Bank Syria strives to be effectively present in all districts in the country. It has therefore deployed efforts to inaugurate 4 branches in Syria in 10 months and has lately opened its fifth branch in Tartous. Byblos Bank is committed to contributing to the development of the private sector in Syria in order to assist the country in exploiting all its agricultural, industrial, and tourist potentials.

Byblos Bank Syria aims at becoming one of the major commercial banks active in the Syrian economic sector, at being effectively present in all districts and at offering the best banking products and services to answer the ambitions of the Bank’s shareholders and employees striving to take an efficient part in the expansion of Syria and the well-being of its people.
The Bank will rely on the experience of the mother bank, Byblos Bank S.A.L. (Lebanon), that dates back to more than half a century in order to strongly invest itself in providing a wide range of banking products and services for individuals and corporations, answering the needs of Syrian nationals and taking part in the development of the Syrian economy.

Byblos Bank Syria is owned and managed 41.5% by Byblos Bank S.A.L. A 51% stake was acquired by Syrian investors. The OPEC (Organization of Petroleum Exporting Countries) Fund for International Development has joined in the capital with 7.5%. This partnership falls in line with Byblos Bank’s strategy to bring along added value institutional partners; this partnership will bring to Byblos Bank Syria potentially long term funding for needed important projects.
 

Byblos Bank Launches the Military Card
In honor of the security forces’ sacrifices and a gift on Army’s Day

Beirut, July 12th, 2007:  
“In recognition of the big sacrifices the Lebanese security forces are making for Lebanon and in order to honor the Army on the occasion of Army’s Day on August 1st, Byblos Bank launched the Military Card, a credit card especially designed for the military bodies i.e. the army, internal security forces, state security forces and general security forces and for their families too”, declared Mrs. Joumana Chelala, Head of Marketing, Sales and Retail Products Department at Byblos Bank.

Mrs. Chelala explained: “Our products reflect our values, mission and concerns. We had previously confirmed our concern for the country on several occasions and in many situations, whether through the TV advertisement “Ana Loubnani” or through our contribution to the construction of the country with the Fidar Bridge and other issues. Today we are confirming it more and more by launching this credit card as we believe that a country cannot be without its army and the security forces that protect it”.