Who We Are

Headquartered in Beirut, BankMed is one of the top five banks in Lebanon. Originally established in 1944, under Beirut CR 5261 - Banks List No: 22, its market share - measured by total assets - has grown over the years to comprise around 10% of the total of the Lebanese banking system today. BankMed, through its 51 branches spread all over Lebanon, and one in Cyprus, offers a wide range of novel products and quality services to both individuals and corporations. BankMed’s private bank in Switzerland, BankMed Suisse, is engaged in asset-management and advisory banking services, through its offices in Geneva. BankMed’s regional presence was expanded to Turkey in 2007 with the addition of a subsidiary commercial bank, T-Bank, to the Group. In 2008 the SaudiMed Investment Company was launched in Riyadh which provides investment and corporate advisory services to a growing base of customers in the Kingdom and elsewhere in Middle East. By the end of 2009, BankMed’s total assets stood at around US$10.6 billion, it had customer deposits of approximately US$8.2billion and total loans of just over US$3.1 billion. BankMed has a client-portfolio currently exceeding 130,000 customers.

 
What We Stand For

BankMed has always believed that a thriving Lebanese economy is the best possible environment for a successful bank. Indeed, BankMed’s role in financing commercial, industrial, and contracting activities has contributed to the growth of these sectors and the resurgence of the Lebanese economy since 1990. No wonder then that its corporate clients list boasts the top names across industries and services in Lebanon. Still, believing that an institution should always reinvent itself to meet the needs of a fast changing world, BankMed went through a major restructuring and reorganization campaign between 2006 and 2008. The three banks in the group were consolidated into one entity, where retail banking is being developed into a core line of business in addition to the well-established corporate banking business. Brokerage services, available 24 hours a day, are complementing private banking services, as well as new investments and foreign exchange products are being introduced constantly to meet growing client demand.

Where We Come From

BankMed is a member of a bigger family group that includes major corporate players in various sectors across the region. Chief among them, the Saudi Oger Group, which is a major Middle Eastern financial-industrial conglomerate whose main line of business is in the construction sector, and whose investments include a controlling interest in Türk Telekom via its ownership of Oger Telecom, a leading emerging markets telecommunications companies. At the end of 2008, the Saudi Oger Group had total gross assets of around US$29.7 billion. Other members of the group include MedGulf, a leading insurance provider with strong presence on the regional level. 

Where We Are Going

BankMed understands that the globalization of financial services is an irreversible trend and believes, as a result, that regional financial institutions should invest in innovation so that they could meet the needs of a more demanding, global and mobile client base. BankMed comprehends these challenges, hence its continuous adoption of the latest in banking technology, as well as its emphasis on human resources training and development. Carefully calculated vertical integration and well researched horizontal expansion will continue to define BankMed’s strategy to create a more successful business enterprise.