Banque Misr Liban

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Overview

Banque Misr Liban is Lebanese commercial banking subsidiary of Banque Misr Egyptian state-owned parent + Banque Misr Egyptian parent ~100%+ controlling + one of Lebanon's mid-sized commercial banks + founded Jul 13 1929 in Beirut Lebanon as Banque Misr Liban Egyptian-Lebanese commercial banking subsidiary operating amid ongoing Lebanese banking + economic crisis since 2019 [1, lb-cro].

History

Jul 13 1929 — Banque Misr Liban SAL founded in Beirut Lebanon as Banque Misr Egyptian parent Lebanese commercial banking subsidiary as one of Lebanon's first Arab-owned commercial banks distinctive Lebanese-Egyptian 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 — Banque Misr Liban Mobile banking app launch.

Ownership & operator

Operating entity: Banque Misr Liban SAL (Lebanese commercial banking subsidiary of Banque Misr Egyptian state-owned parent).

Major shareholders: Banque Misr (Egyptian state-owned parent) ~100%+ controlling.

Regulators: Banque du Liban BdL + Central Bank of Egypt CBE via Banque Misr parent.

Technical integration

Banque Misr Liban Mobile app (iOS + Android) + banquemisrliban.com.lb online + Banque Misr Liban branch network across Lebanon + Banque Misr Visa + Mastercard cards; EMVCo QRCPS QR payments + Lebanese Pound LBP + US Dollar USD domestic transfers (amid Lebanese banking + economic crisis since 2019).

Implementations & partners

Parent group: [[banque-misr]] (Banque Misr; Egyptian state-owned commercial bank; one of Egypt's largest commercial banks by assets).

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

Regulators: Banque du Liban BdL + Central Bank of Egypt CBE via Banque Misr parent.

Status

Crisis-active, Lebanese commercial banking subsidiary of Banque Misr Egyptian state-owned parent + Banque Misr Egyptian parent ~100%+ controlling + one of Lebanon's mid-sized commercial banks + founded Jul 13 1929 in Beirut Lebanon as Banque Misr Liban Egyptian-Lebanese commercial banking subsidiary operating amid ongoing Lebanese banking + economic crisis since 2019 [1, 2].

Sources

1 Banque Misr Liban — official
2 Banque Misr Liban — via Banque Misr — Wikipedia
lb-cro In-corpus: reports/countries/LB-lebanon.md

Source

Biography extracted from banque-misr-liban.md. See matrix.md for standards-support matrix if present.