History & Milestones
Nov/2017

BLC Bank received the GBA for Women Lifetime Achievement Award for being a women’s market champion and empowering the female economy at the 2018 GBA Summit held in London.

May/2017

BLC Bank received the “Excellence for social and economic development and women empowerment” award from the World Union of Arab Bankers during the Arab Banks Awards and Commendations of Excellence 2017.

Oct/2016

BLC Bank received the Global Banking Alliance for Women’s (GBA) Leadership Award during the Alliance’s 15th annual summit which took place in Washington.

May/2016

BLC Bank received:

  • from the Banker Middle East – CPI Financial, the “ Best Female Empowerment” and “ Best Business Transformation” awards.
  • from the American Chamber of Commerce, the “ Best Bank supporting women owned and women led businesses in 2015”

Sep/2015

BLC Bank, represented by Ms. Tania Moussallem, got elected as chair of the Global Banking Alliance for Women (GBA).

Feb/2013

BLC Bank co-arranged the largest asset backed securitization in Lebanon co-arranged with Bemo Securitization for Solidere (a 185 million dollar securitization transaction). 

Dec/2012

BLC Bank received:

  • from the New Economy magazine” the Women’s Empowerment Leadership Award”,
  • from Arabia CSR Awards 2012 “the Corporate – NGO Collaboration category” award and
  • from Commerzbank “the Commerzbank STP Award”.

Oct/2012

BLC Bank officially inaugurated its Representative Office in Abu Dhabi.

BLC Bank network expanded to reach 40 branches in Lebanon.

Aug/2012

BLC Bank launched the first edition of the Brilliant Lebanese Awards, rewarding Lebanese entrepreneurs. 

Mar/2012

BLC Bank launches the We Initiative program, becomes the first and only bank in the MENA region to join the Global Banking Alliance for Women (GBA) and to commit to the UN Women Empowerment Principles.

Feb/2012

BLC Bank Head Office building in Adlieh is awarded the Bronze Certificate by Lebanon Green Building Council and becomes the first Green operational building in Lebanon.

Feb/2011

BLC Bank established BLC Invest.

BLC Bank issued new series Preferred Shares B, increasing capital by 55 million dollars.

BLC Bank got awarded:

  • from IFC “the Global Trade Finance Award” for its 2010 outstanding performance,
  • from CPI Financial “the Fastest Growing Bank in Lebanon” and
  • from Lebanon Opportunities “the Best Commitment to Small and Medium Enterprises”. 

Jan/2011

BLC Bank issued its Preferred Shares A, closing at 40 million dollars.

Sep/2010

BLC Bank initiated the acquisition of the shares of USB Bank PLC Cyprus in 2010, to become later the major shareholder with 98.83%. 

Sep/2009

BLC Bank became an Alpha Group Bank in Lebanon.

BLC Bank acquired 100% of Lati Bank shares.

BLC Bank entered the Private Banking field.

Apr/2008

Mr. Maurice Sehnaoui acquired 25% of BLC Bank’s shares and was appointed Chairman of the Board and General Manager.

Aug/2007

Fransabank, the fourth largest banking institution in Lebanon, acquired 97.52% of the capital of BLC Bank 

Jun/2007

BLC Bank sold off its French subsidiary BLC Bank (France) to the Qatar Investment Authority (QIA).

May/2006

BLC Bank was acquired by the Qatar Investment Authority (QIA). 

Dec/2005

BLC Bank was acquired by the Qatar Supreme Council for Economic Affairs and Investment, which increased its capital by 100 million dollars in early 2006.

Dec/2004

BLC Bank became the 12th largest bank in Lebanon in terms of assets and customer deposits.

Establishment of BLC Services SAL to enter the insurance field.

Jun/2002

BLC Bank’s shares were acquired by The Central Bank of Lebanon for restructuring purposes.

Jun/1999

BLC Bank merged with Union Bank of Lebanon (UBL) Group. 

Jun/1973

BLC Bank SA France opened four branches in the UAE.

Jan/1964

BLC Bank established a subsidiary in Sao Paolo – Brazil.

Aug/1961

BLC Bank established a Swiss subsidiary in Geneva.

Mar/1956

BLC Bank established its first foreign presence with BLC Bank SA France. 

Dec/1954

The inauguration of BLC Bank new headquarters took place in the presence of the President of the Republic Mr. Camille Chamoun.

May/1950

BLC Bank started its banking activities.

Oct/1949

BLC Bank was founded by the Abou Jaoudeh family. It was named Banque Libanaise pour le Commerce.