In September 2010, BLC Bank acquired 9.9% of the shares of USB Bank PLC CYPRUS and went on to acquire a total of 95.61% in 2011. With total assets of USD 735 million, total deposits of USD 635 million and total loans of USD 430 million, USB Bank is the eleventh largest bank in Cyprus out of forty-two banks, and one of the four banks listed on the Cyprus Stock Exchange with nineteen branches throughout the country. BLC Bank maintains strong ambitions of becoming a universal Bank and a Bank of reference in Lebanon, with the support of our shareholders, employees and associates who all adhere to our goals. Currently the Bank operates a network of thirty-five branches. BLC Bank subsidiaries include USB Bank PLC Cyprus, BLC Finance SAL and BLC Services SAL.

In line with the Bank’s expansionary strategy, in September 2009, BLC Bank acquired 100% of Lati Bank’s shares. Also in 2009, BLC Bank launched its Private Banking division to serve its high net worth clientele providing a wide range of tailor-made financial solutions.

In April 2008, Mr. Maurice Sehnaoui was appointed Chairman of the Board and General Manager after becoming one of the main shareholders. Mr. Sehnaoui led the Bank to achieve strong growth in all major financial indicators, enabling the Bank to become an Alpha Group Bank in Lebanon.

In August 2007, Fransabank SAL acquired 97.52% of the capital of BLC Bank SAL after the latter had finalized the sell-off of its French subsidiary, BLC Bank SA France to the Qatar Investment Authority. As a result of this, BLC Bank SAL Lebanon ceased to have any shareholding in BLC Bank SA France.

In December 2005, the Qatar Supreme Council for Economic Affairs and Investment acquired the Central Bank of Lebanon's shares in BLC Bank SAL. This was followed by a capital increase of USD100 million in early 2006 to give the bank additional impetus to grow its business activities.

To maintain an edge in the ever-growing banking industry, BLC Bank decided in 2004 to enter the insurance market. To manage the portfolio of insurance activities, BLC Bank created a fully-owned subsidiary, BLC Services SAL.

In June 2002, Banque du Liban (the Central Bank of Lebanon) acquired 95% of BLC Bank’s shareholding, giving its full support and commitment to the success of the Bank. A seasoned senior management team was entrusted with the reorganization and restructuring of the Bank. The team was able to deliver strong results and focus on the development of successful retail and commercial business.

To consolidate the Bank's private banking activities, BLC Finance SAL was established in 1998 introducing innovative financial products and services. Main activities include fund management, proprietary trading, floor brokerage and margin lending.

BLC Bank SAL was incorporated on May 12, 1950 in Beirut, as one of the pioneer banking institutions in Lebanon.