Banque BEMO

Key details

• Launch: 1964

Overview

Banque BEMO is Lebanese commercial bank + Obegi family Lebanese founding family + Lebanese retail + institutional + foreign investors free float + one of Lebanon's mid-sized commercial banks + founded 1964 in Beirut Lebanon as Banque BEMO Obegi family commercial bank operating amid ongoing Lebanese banking + economic crisis since 2019 [1, lb-cro].

History

1964 — Banque BEMO SAL founded in Beirut Lebanon as Banque BEMO by Obegi family Lebanese founding family distinctive Lebanese banking heritage as Obegi family-owned commercial bank.

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 — BEMO Mobile banking app launch.

Ownership & operator

Operating entity: Banque BEMO SAL (Lebanese commercial bank).

Major shareholders: Obegi family (Lebanese founding family) + Lebanese retail + institutional + foreign investors free float.

Regulators: Banque du Liban BdL + national regulators across 3+ countries.

Technical integration

BEMO Mobile app (iOS + Android) + bemobank.com online + Banque BEMO branch network across Lebanon + Cyprus + Syria (BEMO Saudi Fransi Banque) international branches + BEMO 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) + [[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).

Regulators: Banque du Liban BdL + national regulators across 3+ countries.

Status

Crisis-active, Lebanese commercial bank + Obegi family Lebanese founding family + Lebanese retail + institutional + foreign investors free float + one of Lebanon's mid-sized commercial banks + founded 1964 in Beirut Lebanon as Banque BEMO Obegi family commercial bank operating amid ongoing Lebanese banking + economic crisis since 2019 [1, 2].

Sources

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

Source

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