BankMed

Key details

• Launch: 1944

Overview

BankMed is Lebanese commercial bank + GroupMed Holding Hariri family Lebanese founding family + Saudi Oger affiliates + Lebanese retail + institutional + foreign investors free float + one of Lebanon's largest commercial banks by assets + founded 1944 in Beirut Lebanon as Banque de la Méditerranée then 2003 BankMed rebrand operating amid ongoing Lebanese banking + economic crisis since 2019 [1, lb-cro].

History

1944 — Banque de la Méditerranée founded in Beirut Lebanon as Lebanese-French commercial bank.

2003 — BankMed rebrand consolidating Banque de la Méditerranée under Hariri family (Rafic Hariri Lebanese Prime Minister + Saad Hariri Lebanese Prime Minister + heirs) + Saudi Oger affiliates distinctive Lebanese banking heritage.

Oct 17 2019 — Lebanese banking + economic crisis triggers Lebanese commercial banking sectoral collapse with capital controls + Lebanese Pound LBP currency collapse + Banque du Liban BdL Ponzi scheme allegations.

2014 — BankMed Mobile banking app launch.

Ownership & operator

Operating entity: BankMed SAL (Lebanese commercial bank).

Major shareholders: GroupMed Holding (Hariri family Lebanese founding family + Saudi Oger affiliates) + Lebanese retail + institutional + foreign investors free float.

Regulators: Banque du Liban BdL + national regulators across 6+ countries.

Technical integration

BankMed Mobile app (iOS + Android) + bankmed.com.lb online + BankMed branch network across Lebanon + Cyprus + Switzerland + Turkey + Iraq + Saudi Arabia international branches + BankMed Visa + Mastercard cards; EMVCo QRCPS QR payments + Lebanese Pound LBP + US Dollar USD domestic transfers (amid Lebanese banking + economic crisis since 2019).

Implementations & partners

Major Lebanese banking + payments competitors: [[byblos-bank]] (Byblos Bank; BSE: BYB) + [[bank-of-beirut]] (Bank of Beirut; BSE: BOB) + [[fransabank]] (Fransabank SAL) + [[sgbl-lebanon]] (Société Générale de Banque au Liban SGBL) + [[banque-libano-francaise]] (Banque Libano-Française BLF) + [[credit-libanais]] (Crédit Libanais; EuroMTF: CRDL) + [[bbac-lebanon]] (BBAC).

Regulators: Banque du Liban BdL + national regulators across 6+ countries.

Status

Crisis-active, Lebanese commercial bank + GroupMed Holding Hariri family Lebanese founding family + Saudi Oger affiliates + Lebanese retail + institutional + foreign investors free float + one of Lebanon's largest commercial banks by assets + founded 1944 in Beirut Lebanon as Banque de la Méditerranée then 2003 BankMed rebrand operating amid ongoing Lebanese banking + economic crisis since 2019 [1, 2].

Sources

• 1 BankMed — official
• 2 BankMed — Wikipedia
• lb-cro In-corpus: reports/countries/LB-lebanon.md

Source

Biography extracted from bankmed.md. See matrix.md for standards-support matrix if present.