Société Générale de Banque au Liban (SGBL)

Overview

Société Générale de Banque au Liban (SGBL) is Lebanese commercial bank + Sehnaoui family Lebanese founding family + Lebanese retail + institutional + foreign investors free float + one of Lebanon's largest commercial banks by assets + founded May 25 1953 in Beirut Lebanon as Société Générale Lebanese commercial banking subsidiary operating amid ongoing Lebanese banking + economic crisis since 2019 [1, lb-cro].

History

May 25 1953 — Société Générale de Banque au Liban SGBL SAL founded in Beirut Lebanon as Société Générale French parent Lebanese commercial banking subsidiary distinctive Lebanese-French banking heritage.

2007 — Sehnaoui family Lebanese founding family acquires controlling stake in SGBL from Société Générale French parent + SGBL independence.

Mar 21 2018 — SGBL acquires GE Capital Lebanon consolidating into SGBL Lebanese commercial banking presence.

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 — SGBL Mobile banking app launch.

Ownership & operator

Operating entity: Société Générale de Banque au Liban SGBL SAL (Lebanese commercial bank).

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

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

Technical integration

SGBL Mobile app (iOS + Android) + sgbl.com.lb online + SGBL branch network across Lebanon + Cyprus + Jordan international branches + SGBL 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) + [[banque-libano-francaise]] (Banque Libano-Française BLF) + [[credit-libanais]] (Crédit Libanais; EuroMTF: CRDL) + [[bbac-lebanon]] (BBAC).

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

Status

Crisis-active, Lebanese commercial bank + Sehnaoui family Lebanese founding family + Lebanese retail + institutional + foreign investors free float + one of Lebanon's largest commercial banks by assets + founded May 25 1953 in Beirut Lebanon as Société Générale Lebanese commercial banking subsidiary operating amid ongoing Lebanese banking + economic crisis since 2019 [1, 2].

Sources

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

Source

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