Laos
1. ANZ Bank Laos-
ANZ Bank (Lao) Limited
ANZ began operating as ANZ Vientiane Commercial Bank Ltd in September 2007 with the purchase of a majority shareholding in the Vientiane Commercial Bank Ltd, a privately owned bank that had been operating in Laos for 14 years. ANZ moved to 100% ownership in August 2010.
About ANZ
ANZ is a public listed company whose world headquarters are situated in Melbourne, Australia. ANZ was established over 170 years ago and is one of the top 50 banks in the world as measured by sales, profit, assets and market value (Forbes 29.3.07). It has assets worth USD$347 billion and its net profit in 2007 was in excess of USD$4.1 billion. ANZ operates in Asia through wholly owned ANZ businesses in 12 countries, and has eight partnerships in seven countries. ANZ also has operations in 13 countries in the Pacific. ANZ has an AA credit rating (Standard & Poors 2007).
Address : 33, Lane Xang Avenue, PO Box 5001, Vientiane, Laos.
Website : www.anz.com/laos, Phone number : 85-621-222-700
2. Bank of the Lao PDR-
Lao PDR is on an increasingly sustainable development path. Reforms underway have helped reduce poverty and stimulate broad-based growth. The economy has expanded on average by 7.1 percent per year from 2001 to 2010, and is expected to grow by 7.6 percent per year in 2011-2015. In 2011, Lao PDR reached a GNI per capita of US$1,010, and, as such, moved up from its lower income status to become classified as a lower-middle income economy. At this pace, Lao PDR is on track to achieve its long term vision: to graduate from the Least Developed Country status by 2020. Natural resources - forestry, agricultural land, hydropower, and minerals - comprise more than half of the total wealth of Lao PDR. The hydropower and mining sectors combined accounted for about one third of the country’s economic growth between 2005 and 2010. The growth in these sectors has resulted in significant increases in revenue which has translated into poverty reduction. It has also spurred progressive changes in environmental legislation.
Lao PDR is increasing its integration into the regional and global economy. It is located in one of the fastest growing regions of the world economy which has strategic importance in terms of potential for growth in cross-border investment and exports (including hydropower and mineral products) to rapidly industrializing neighboring countries. Lao PDR is a member of the Association of Southeast Asian Nations (ASEAN) and the ASEAN Free Trade Area. On February 2, 2013, Lao PDR has officially become a full member of the World Trade Organization.
Available data suggests that, while Lao PDR made significant progress on many of the Millennium Development Goals (MDGs), some are off track including malnutrition (40 percent of under-five children are stunted), measles immunization, skilled birth attendance, and some dimensions of gender equality (for instance, girl’s equal enrolment in tertiary education). In its Sixth National Social and Economic Development Plan (NSEDP) 2006-2010 (which is a successor to the National Growth and Poverty Eradication Strategy), the government laid out its poverty reduction strategy to meet the MDGs by 2015. It aims to foster economic growth with equity, develop and modernize the country’s social and economic infrastructure and enhance human resource development.
Critical reforms towards this end are receiving priority in the Seventh NSEDP 2011-2015. The World Bank Group (WBG) continues to work with the government as it lays the foundations to graduate from Least Developed Country status. The World Bank Group’s operations in the country are guided by the Country Partnership Strategy (CPS) for 2012 to 2016, designed in consultation with a range of stakeholders in Lao PDR to support the Government’s Seventh NSEDP and build stronger institutions for sustainable and inclusive development.
Address : Patou Xay, Nehru Road, Vientiane, Laos.
Website : www.bol.gov.la, Phone number : 85-621-213-109
3. Banque pour le Commerce Exterieur Lao-
Banque pour le Commerce Exterieur Lao or Bank for Foreign Trade of Laos (BCEL) is established while the Lao PDR declared independence in late 1975 and began doing business here since 1976. During 1975 to 1976, BCEL has performed roles special In a branch Previously the Bank (the central bank) of Lao PDR and is assigned to a single bank Can conduct business with international (Inter Banking) and has been assigned To perform management These grants and loans from foreign countries and international organizations The government has given the Lao PDR. Since November 1989, the Bank for Foreign Trade he is turning The full bank business model based on the Bank of the Lao PDR and decrees regarding management Banking business.
The business of Us is increasingly increased and strengthened in various fields including management of assets , deposits, loans and number of customers. Overall, BCEL currently has 18 branches, 20 Service, 10 units share and has more than 100 banking agencies in the world. Us is a state bank business The bank is willing to benefit For customers and contribute to the policy of the government to improve , develop, build modern and expanded services to both domestic and foreign. The services of Us includes: service deposits , loans, issuing guarantees from banks, payments, both domestic and foreign services of ATM, a service of khe Credit International and others.
Address : No. 01, Road cluster words, Ban Chiang life, Chanthabuly, Vientiane , Laos.
Website : www.bcel.com.la, Phone number : 85-621-213-200
4. Banque Franco-Lao Ltd -
Banque Franco Lao Ltd or BFL was born in October 2008 following the signature of a Memorandum of
Understanding between the French bank BRED Banque Populaire and the very famous leading Lao bank BCEL.
Personal Banking
With a concern for meeting the needs of present and future private customers, we have created special products and services which include current accounts, saving accounts, ATM Cards, E-Banking, overdrafts and loans. The Banque Franco-Lao Ltd has drawn on its two shareholders' banking longstanding banking experience to design products and services, offering retail customers the highest international banking standards to manage their money and carry out every kind of transaction. Convinced that a good banking relationship is above all a relationship built on trust, we are particularly concerned with providing our present and future customers with a clear, transparent offer.
Corporate Banking
With a concern for meeting the needs of present and future business customers, we have created special products and services which include current accounts, saving accounts, overdrafts and loans. The Banque Franco-Lao Ltd has drawn on its two shareholders' longstanding banking experience to design products and services which offer its business customers the highest international banking standards to manage their money and carry out all kinds of transactions. Convinced that a good banking relationship is above all a relationship built on trust, we are particularly concerned with providing our present and future customers with a clear, transparent offer. As such, you will find here in the Corporate Banking section all the information you need on each of your current accounts, savings account or financing solutions (features of each product, benefits, list of documents required, etc.).
Address : Lane Xang Avenue, P.O. BOX 5720, Vientiane, Laos.
Website : http://banquefrancolao.com, Phone number : 85-621-285-111
5. Lao Development Bank LDB -
Lao Development Bank Banking business is one of the Under the management of the Bank of the Lao PDR and shareholders by the Ministry of Finance. Lao Development Bank Has contributed to the expansion of the Comply with the scope of its role In economic and social development of each phase. In 1999 the Bank of the Lao PDR has a policy improvement The banking business of the state to Because banking business of character as banks are local, in the region and, scattered, poorly forces in financial management branch overlap, the cost of operating high-capacity competition low mobility business character limit, not open to outsiders and relations on it. Therefore it has with the bank that is scattered into the (Lan Xang Bank Limited and Bank of his new limited).
Lao Development Bank Established by the Bank 2 divert the business merger agreement, including: Bank Limited and Bank of New Lao Lan Xang Limited In addition to merging the assets, liabilities and Red Bank employees all together. The merger is the Purpose Is restored, stout build stability, a trust of society, to divert the bank to conduct business with the rank test Director of Facilities For development - economic, social Phiab country along with personnel with quality, ability to broadly and more modern. Ensure the interests of the users of services ngluk It is the dissemination and implementation of the General Meeting of the targets and a government issued identification The fact that the phenomenon.
After the 2003 merger, but pi before Lao Development Bank With headquarters located in Building No. 39 Road No. cluster, home to Shanghai, Chanthabuly District, Vientiane Capital and moved headquarters In Building No. 013, Road Soupanouvong, House fragrant, Chanthabuly District, Vientiane Capital. Over the past Lao Development Bank Growth was growing up in the continuous Of personnel, professional and modern transformation system using new technology to extend the work day compared to before. Which expressed the Lao Development Bank Credit for Service To promote the development of enterprises and small and medium sector in the economy. Aimed at promoting economic basis of strength, creating jobs for the people, improve the lives of people better. There adjust and develop a system of information from the system BANK2000 used since 2003 as system CORE BANKING called: T24 on 01/03/2010. Now is Online throughout the system. The use of open transactions Financial system Box ATM. Bank and First The system uses M-Commerce Mobile Banking in full form.
Vision
A banking business that conducts business in Lao PDR, a leader in promoting the development of small businesses and small The center is committed to leadership in the service level Make sure the business is in the grassland.
Address : 13 Soupanouvong Road, Sihom village, Chanthabouly, Vientiane, Laos.
Website : www.ldb.org.la, Phone number : 85-621-213-300
6. ST Bank -
S.T. Group Co., Ltd. is a multi-business company established in 1994. Under the management of Mr. Sithat Xaysoulivong President. S.T. Group has being stable growing with diverse business: import-export, duty free, power generation, mining, tobacco, wood, beverage production, construction, hotel and resort, and gaming and entertainment. The Company also leases some of its real estate to other businesses, as well as provides business ideas and advice to potential investors. Both its continuously developing and expanding, ST Group Co., Ltd also focus on banking field. Therefore ST Bank has been established dated 03/07/2009. In order to provide financial service cover society effectively, ST Bank has planned to have branches in all the provinces in Laos P.D.R.
Objective
To establish ST Bank is to provide completed financial service for society to acquire capital both domestic and abroad and then provide loans to all business sector to be a part of step by step business and society developing of Lao P.D.R to be expanded and strong with the stability.
Address : 144 Ban Anou, Samsenthai Rd, Chanthabuly, Vientiane, Laos.
Website : www.stbanklaos.com, Phone number : 85-621-241-559
Latvia
1. Aizkraukles Banka Latvia -
Aizkraukles banka was founded in 1993 and is headquartered in Riga, Latvia. The Bank changed its name to ABLV Bank, AS in 2011. It is the leading independent private bank in Latvia in terms of both assets and deposits. The bank’s majority shareholders – Oleg Fil, Ernest Bernis and Nika Berne – hold 85.90% of the bank’s share capital. Aizkraukles Banka Group includes brokerage joint stock company AB.LV Capital Markets, investment management joint stock company AB.LV Asset Management, KS AB.LV Transform Partnership, SIA AB.LV Transform 1, AS AB Konsultācijas, SIA AB.LV Corporate Services, SIA New Hanza City, SIA Elizabetes 21a, and other companies. The Bank has representative offices in Moscow, St. Petersburg (Russia); Baku (Azerbaijan), Kiev and Odessa (Ukraine); Minsk (Belarus); Almaty (Kazakhstan), Dushanbe (Tajikistan), Tashkent (Uzbekistan). The prestigious business magazine Global Finance has selected Aizkraukles Banka as the best bank in Latvia in 2009. As of 31 March 2012, the value of the bank’s assets amounted to LVL 1.886 billion (US$3.42 billion).
Address : 23 Elizabetes Street, Riga, Latvia-1010.
Website : http://ru.ab.lv, Phone number : 371-6777-5222
2. AS Swedbank -
Swedbank is a modern bank firmly rooted in Swedish savings bank history. We are an inclusive bank with 7.9 million private customers and more than 600 000 corporate and organisational customers. This makes us Sweden’s largest bank in terms of number of customers and gives us a leading position in our other home markets of Estonia, Latvia and Lithuania. As a major bank, we are a significant part of the financial system and play an important role in the local communities we serve. We are dedicated to helping our customers, our shareholders and society as a whole stay financially sound and sustainable. We work hard to develop close, long-term relationships with our customers. Swedbank therefore has an extensive retail network and well-developed telephone, internet and mobile services.
Our customers should always feel secure that the advice we give is in their best interests, and is not based solely on our products. When we develop products and services, the goal is to create something that will benefit customers in the long run – and us as well. Swedbank employees uphold the bank’s values of being simple, open and caring. On a daily basis this means, among other things, that our services and advice must be understandable to everyone and that we keep our promises.
Swedbank shall have a robust balance sheet that can withstand economic fluctuations. Evaluating and managing risks is part of what we do every day. We achieve a solid risk spread by having a broad customer base of private individuals and companies in many different industries and through a sustainable balance between deposits and lending in our home markets.
Address : Ballast dam 1a, Riga, LV-1048, Latvia.
Website : www.swedbank.lv, Phone number : 371-6744-4444
3. AS UniCredit Bank -
UniCredit Bank - part of UniCredit, a leading European commercial bank
- AS “UniCredit Bank” started its business in Latvia in 1996 as AS “Vereinsbank Rīga”.
- AS “UniCredit Bank” belongs to UniCredit – a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees.
UniCredit - a leading European commercial bank
- UniCredit is a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees (as of 30 June 2013).
- In the CEE Region, UniCredit runs the largest and most diversified international banking network with more than 3,600 branches (Poland included).
- The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
Address : Elizabetes 63, Riga, Latvia-1050.
Website : www.unicreditbank.lv, Phone number : 371-6708-5500
4. Danske Banka-
Our strategy
In the course of a few years, the world around us has changed irreversibly. The fragility of the financial markets, continuing globalisation, energy and sustainability have all become permanent issues that no one can ignore. At the same time, technology has united the world in a digital network that places our finances at our fingertips. This is not just a temporary transition. It is a "new normal" environment. The new normal requires new standards
The Danske Bank Group’s new strategy is called "New Standards". The strategy is intended to restore trust in the Bank and ensure that we live up to our new vision of being "Recognised as the most trusted financial partner". In order to reach that objective, we must set new standards for banking operations.
Mission and vision
We have also developed a new vision and mission to serve as guideposts for our new strategy. They concern setting new standards and restoring the trust of customers and shareholders in the Bank.
Vision: Most trusted financial partner
To become one of the best banks in the Nordic region, we must have the trust of our customers, investors and society at large. The vision is therefore “Recognised as the most trusted financial partner”. That is the new overall objective that Danske Bank will work to achieve.
Mission: Setting new standards in financial services
The mission is “Setting new standards in financial services”. In order to become the most trusted financial partner, we must set new standards for banking operations that benefit our customers, investors, society and our own organisation. New standards will therefore be at the core of everything we do in the future. The Group will focus on setting new standards in four areas: Advisory services & solutions, Customer interaction, Transparency & financial strength, and Responsibility.
Core values
At the Danske Bank Group, we work with five core values :
Expertise – through high standards of quality and professionalism
Integrity – in business affairs and as part of society
Value creation – for shareholders, customers and employees
Commitment – to customers’ financial affairs
Accessibility – electronic and physical
Address : Riga, Cesu street 31/8, Latvia-1012.
Website : www.danskebanka.lv, Phone number : 371-6795-9599
5. JSC Akciju Komerc Banka -
The private bank JSC Akciju Komerc Banka started its business in the 90s thanks to the joint efforts of present shareholders of Baltikums Bank and Insurance Group, who are experts in the marine and insurance business. Baltikums Bank is a bank with established traditions and an ambitious view of the future, an institution established by entrepreneurs and for entrepreneurs.The goal of efficient performance, ability to combine enterprising ambitions with the interest of a stable and viable family business have helped the bank’s founders – Aleksandrs Peškovs, Sergejs Peškovs, Oļegs Čepuļskis un Andrejs Kočetkovs – become successful businessmen. An ability to put customer interests first, emphasis on personal respect, exceptional professionalism and a tendency towards transformation are the values that Baltikums Bank maintains at all costs. Our unwavering adherence to these values has given our bank a reputation for meeting the highest standards, looking forward to change, and recruiting the best of the best into its team. Today, we are convinced that these values continue to play an ever larger role. We are aware that our joint success today and tomorrow hinges on our ability to apply our principles in practice.
Baltikums has been engaged in the investment business since the beginning of private enterprise in Latvia in the 1990s.
At this time, major opportunities presented themselves for new business in Latvia, Europe and CIS countries. Local entrepreneurs Aleksandrs Peškovs, Sergejs Peškovs, Andrejs Kočetkovs and Oļegs Čepuļskis united to make a common investment in the international shipping business, logistics, and trading in premium products and cotton. This period also accounts for investment in asset insurance and management. A financial company (the future head of the entire Baltikums Bank Group – BBG AS) was purchased from a foreign bank. By the late 90s, Baltikums had established itself as a dynamically expanding financial and insurance business in the Baltics, having 20 offices and a staff of more than 300.
Baltikums Bank, made by entrepreneurs for entrepreneurs, was established in 2001 after the shareholders sold off their non-core assets. The bank’s activities developed along three key areas: consulting, banking and investment business. The bank caters primarily to the interests of high net worth individuals and entrepreneurs. An international network of partners was established and activities were expanded abroad, by opening a branch in Cyprus and representative offices in Kazakhstan and the Ukraine. Our regional presence continues to expand. High-quality service, a solid financial basis and skilful risk diversification have been able to protect the bank from losses during the late-2000s global economic crisis. Throughout these tough several years, Baltikums Bank continued to protect, preserve and multiply the fortunes of its customers, earning ever greater trust.
Address : Maza Pils iela 13, Riga, LV-1050, Latvia.
Website : www.baltikums.com, Phone number : 371-6703-1311
6. JSC Latvijas Kraj Banka -
Pursuant to the decision of the Riga Regional Court dated 23 December 2011 AS "Latvijas Krājbanka" was declared insolvent, and SIA "KPMG Baltics" was approved as the insolvency administrator. According to the (1) part of Section 161 of the Credit Institution Law after a credit institution has been declared insolvent, the administrator has all the duties, rights and powers of the administrative institutions and the heads of such institutions, provided for by law and in the articles of association of the credit institution.
Address : Ganibu dambis 17A, Riga, Latvia1045.
Website : www.lkb.lv, Phone number : 371-6709-2020
7. JSC Rietumu Banka -
JSC Rietumu Banka or Rietumu Bank is one of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals. The Bank is well represented in the global market, providing services to customers all over Europe, the Baltic States, Russia, Ukraine, Belarus, and other regions.
Rietumu Banka in Brief :
- One of the first private banks in Latvia
- Over 20 years of operation in the Baltic States, Russia, Ukraine, Belarus, and numerous European markets
- Representative offices in France, Russia, Romania, Ukraine, Belarus and Kazakhstan
- Financial leasing services in Russia, Ukraine, and Belarus
- Headquartered at the most advanced office building in Latvia: Rietumu Capital Centre
- Full service for regional and international trade
- Wide range of savings and capital growth programs
- Private banking services
- Contemporary banking technologies
- Reliability and privacy
- Highly professional team
- Services provided in English, Latvian, Russian and French.
Address : Vesetas 7, Riga, LV-1013, Latvia.
Website : www.rietumu.lv, Phone number : 371-6702-5555
8. Multi Banka -
SMP Bank was established as AS "Multibanka" and registered in April 1994. AS "Multibanka" predecessor - Latvian branch of the Bank for Foreign Economical Affairs of the USSR - was founded in 1988, however it was nationalized in 1991 and became the Foreign Operations Department of the Bank of Latvia. AS "Multibanka" merged with Joint Stock Company "LNT Skonto Banka" in 1995. The Bank became the member of S.W.I.F.T in 1995, allowing using Reuter's information system, thus ensuring technical support of FOREX and Money Market operations.
The Bank acceded to EUROPAY INTERNATIONAL in November 1996, later (in 2002) renamed as "MasterCard International". Owing to this cooperation AS "Multibanka" is able to offer to customers a wide range of the payment card products.
The Bank is a member of the Association of Commercial Banks of Latvia, Riga Stock Exchange and Central Depository. The Bank's headquarters is located in Riga, howerer branch office and accounting groups are operating in the capital of Latvia and in the largest cities like Daugavpils, Liepaja, Ventspils, Saulkrasti, Olaine, Jelgava, Sigulda, Jurmala, Lubana. Since 2011 another branch office and one accounting group of the Bank is launched in Vilnius (Lithuania), and accounting groups in Kaunas, Klaipeda and Shaulyai (Lithuania). The Bank has representative offices in foreign cities like Kiev (Ukraine) and Moscow (Russia). The official auditor of the Bank is company KPMG. Equity capital of the Bank initially was LVL 300 000,-. Due to several share emissions the equity capital has been increased up to LVL 9 006 000,-.
Performancet ot the Bank is characterized by gradual, without acute fluctuations, growth of all the qualitative and quantitative performance ratios. Bank takes a stable positions in Latvian financial services market. Bank complies with all legislative requirements and norms related to business activities as well as to preventing money laundering and financing terrorism. The Bank is expanding it's business activities in line with the business strategy that is targeted at increasing domestic customer base. Bank focuses mainly on small and medium size corporate customers, operating in such areas as construction, forwarding and transhipment services, and trade, as well as tourism. On June 17, 2008, Bank has been officially registered under the name of AS "SMP Bank". These changes result from the acquisition of the Bank by СМП Банк (Commercial bank "Severniy Morskoy Put"), headquartered in Moscow, Russian Federation, which came into effect on May 6, 2008.
The main customers groups of the Bank are :
- small and medium size Latvian companies, including those, involved in international trade (intermediary services), export-import cargo transportation
- physical persons (residents and non-residents)
- small and medium size companies from OECD and Baltic region having their business counterparts or investments in Latvia or CIS countries, as well as physical persons related to the above companies
- small and medium size Eastern-European and the CIS countries companies, providing trade and transit services in the Baltic Region as well as physical persons related to the above companies
The Bank offers a wide range of services typical of an universal bank in the Baltic region.
Mission
The mission of AS „SMP Bank" is to offer a wide range of high quality financial services to customers, based on advanced technological platforms, combined with individual approach to each Customer's needs. Business of the Bank is targeted at long-term, mutually beneficial cooperation and stable development, facilitating growth of business connections and international cooperation in the region. Professional level of banking operations and Bank's experience is aimed at ensuring an increased level of customers' welfare and business development.
Address : 57 Elizabetes str., Riga, LV-1772, Latvia.
Website : www.multibanka.com, Phone number : 371-6701-9153
9. National Bank of Latvia -
The Bank of Latvia, the country's central bank, is an independent institution that sets and executes monetary policy, manages the foreign currency and gold reserves, emits cash currency and ensures the functioning of the interbank settlement systems, and aggregates financial statistics. The Bank of Latvia is a participant in the system of European Central Banks. As a result of a national competition of ideas, it was decided that the Latvian 1 euro and 2 euro coins would feature a historic symbol: the profile of a Latvian folk maid, an image used on the silver 5 lats coin. 10 cent, 20 cent and 50 cent coins would feature the large coat of arms of the Republic of Latvia, whereas 1 cent, 2 cent and 5 cent coins would depict the small coat of arms of the Republic of Latvia. Governor of the Bank of Latvia Ilmārs Rimšēvičs started the minting equipment at the mint in Stuttgart, Germany, thereby launching the minting of Latvian euro coins.
Address : K. Valdemara street 2A, Riga, LV-1050, Latvia.
Website : www.bank.lv, Phone number : 371-6702-2300
10. Norvik Banka -
Our goal
Being one of the leading Latvian banks and saving important role in the Baltic market, providing a full range of services and look for growth opportunities in the clients' needs and find appropriate service provision.
Our Mission
Act as an innovative, customer-oriented northern bank of delivering high quality banking services and the performance of their duties as a reliable and socially responsible business partner.
Our Values
- satisfied and loyal customers
- high quality products and services
- well-organized bank's internal processes
- qualified staff
- continuous improvement
Their work so as to be as accessible to their customers. We are actively working on new product development, by focusing on the quality of service offered, while thinking of favorable rates and customer convenience.
Our traditions
- The safety and versatility
- modern range of services
- available tariffs
- remote access to accounts of day
- high service standards
Address : Latvia, Riga, E.Birznieka-Upisa 21.
Website : www.norvik.lv, Phone number : 371-6704-1100
11. Regionala Investiciju Banka -
The successful development and positive growth of the Bank in 2012 is demonstrated by its profit of LVL 1.54 million. During the reporting period, the Bank’s assets and deposits increased and reached the highest level within the history of the Bank’s operation. On 31 December 2012, the Bank’s assets reached LVL 340.48 million and have grown by 43.6%. During this period, the Bank’s deposit portfolio grew by 41.8% and was LVL 304.9 million on 31 December 2012. In 2012, improvement of the quality of the credit portfolio was set as one of the Bank’s priorities, therefore the size of credit portfolio decreased by 13.1% in comparison with 2011 and was LVL 72.83 million on 31 December 2012. In March 2012 changes were introduced to the Bank’s Council - the composition of the Council was changed, and currently the Bank’s Council has 5 members.
The most recent changes to the Bank’s shareholder composition took place in December 2012. Moreover, the Bank’s core capital was increased by LVL 5.2 million, and the Bank’s total core capital currently is LVL 22.725 million. The Public Company Joint Stock Bank „Pivdennyi” is the Bank’s largest shareholder which owns 81.85% of shares. The number of Bank’s Customers has increased by 12% in comparison with the end of 2011, and the amount of outgoing transfers has also increased proportionally, i.e. by 12%. The number of payment cards in comparison with the respective period last year has increased by 20%. Moreover, the turnover of payment cards has increased by 32% and reached LVL 14.02 million in 2012.
In 2012, issuing of the World Signia exclusive payment card to the customers was launched, and already 9 customers are using this exclusive payment card via the Bank. In the first half of 2012, the Bank was actively involved in the implementation of a new “e-Broker” service, and as of July 2012, the Bank’s Customers who carry out transactions with financial instruments on daily basis can use the “e-Broker” service which allows concluding transactions with company shares sold on NASDAQ OMX Exchanges in Riga, Tallinn and Vilnius without the mediation of the Bank’s broker.
Address : 2 J. Alunana St., Riga, LV-1010, Latvia.
Website : www.rib.lv, Phone number : 371-6750-8989
12. Trasta Komerc Banka -
...a unique philosophy
Trasta Komercbanka is a kind of a financial club for people aiming at success and non-stop development. Our financial solutions are "hand made" – with attention to your every wish and the ability to protect your interests as our own. New business contacts are made and old ones are secured. Your business borders and possibilities are expanded. We have the experience expected of the oldest bank in Latvia, TKB team professionalism and trusting relationships with every Client as the foundation of our job, as well as…
...a fresh look upon things
We do not want you to be dependent on a standard financial services package, however good it is. Our services are created exclusively for you, and we greet unusual problems with pleasure. It is said that education means studying the rules and experience meand studying the exclusions. This is so, and we are able to study your wishes and try to see the situation from your point of view. Your Private Banker manages this process. He is the one to point the bank’s resources in the right direction to resolve any problem and make solutions that always have your interests in the centre. We understand how important this is; after all, it is in our power not only to offer you financial services, but also to insure…
...the realization of your ideas
Every well-organized business foresees the possibility of further development. We know that you expect from us something more than just financing - understanding, support and successful realisation of your dreams. That is why we regularly expand our trade financing services, allowing us to ensure the best deals, to reduce your expenditure and to increase your profit. We understand how important it is that your bank foresees the situation in the fast changing market and offers professional help with your planning. A clear investment policy and the expert experience of our bank helps our clients to orient themselves in the market and to manage their money effectively. And we do not forget that business for you is…
...geography with no borders
Our clients’ horizons are not defined by national borders, but by their needs and future plans. Our foreign representative offices provide you with professional support in new places, ensuring that any deal or financial operation has profitable terms for your business. Away from traditional bank buildings and hours, the Internet Banking system Trast.Net and Phone Banking are working for you. These are modern, time-approved Bank remote access servicing tools.
Trasta Komercbanka is an international bank, we are flexible and we can create special finance solutions for you and your business!
Address : Palasta Street 1, Riga LV-1050, Latvia.
Website : www.tkb.lv, Phone number : 371-6702-7777
Lebanon
1. Al Baraka Bank -
Al Baraka Bank Lebanon S.A.L. was founded in 1991 and operated under a commercial banking license until 2004 when an Islamic Banking Law was instituted and the Bank obtained an Islamic banking license. Its activities comprise retail and commercial banking in accordance with Islamic Shari'a principles. The Bank operates 7 branches. The success of the contemporary Islamic banking and finance movement owes much to the contribution and patronage of Sheikh Saleh Kamel, the founder of Al Baraka Banking Group. Although the Group is young as a single legal entity, its antecedents go back to the late 1960s, when Sheikh Kamel directed the devising of Islamic contracts for use in his business operations when dealing with conventional banks (there being no Islamic banks in existence at that time), which was his preferred route for doing business with them. This early insistence on strict adherence to fundamental Islamic principles was then quickly overtaken by the next stage of development when, in the early 1970s, Sheikh Kamel oversaw the establishment across the Arab world of a series of Islamic financial institutions bearing the Al Baraka name. Today, Al Baraka Banking Group brings together under one unified grouping the accumulated experience of 10 banks delivering Islamic products and services over three decades. We at Al Baraka Group are proud to look back on this heritage, whilst at the same time we keenly look forward to the next stage in our development, as we gradually expand into new regions and new markets and build a wider customer base.
As members of a banking group founded on Islamic principles and values, we at Al Baraka Group believe that we have a particular obligation to society, through patronage and sponsorship of educational and social projects, to enhance the living conditions and quality of life of needful individuals in the local communities of which we are part. In meeting this commitment to society we make all possible effort to apply one of the important philosophical pillars of Islamic banking: the concept of "construction of land", which means adding tangible value to assets. This concept has a direct relevance to the development of society and its social and economic progress and we seek to apply it through active investment mediation, which complements real and value-added production, and through the exchange of commodities and services, which enables us to offer practical alternatives to those financial intermediaries that provide no benefit to society at large.
We consider the role of CSR in our organisation to be essential to the application of the principles derived from divine power and on which our business activities in all the countries in which we operate are based. All our subsidiaries embrace Islamic ethical principles and apply them to their banking operations and services. These principles may be summarised as :
First: Investments may only be made in sectors and industries that meet ethical standards. The moral values of Islam dictate that Muslims must invest in the production of, and trade in, useful and beneficial goods only. They therefore forbid investment in such activities as, for example, contribute to the production of alcoholic beverages, tobacco or weapons, or are associated in any way with gambling, pornography or the abuse of children, women and minorities, or any other morally questionable practices.
Second: All Islamic banks and financial institutions eschew the payment of interest in their relations with depositors, consumers and businesses, as Islam prohibits the paying or charging of interest. Instead Al Baraka Group's banking subsidiaries, like all Islamic banks, accept deposits on an investment basis whereby depositors share with the bank in the actual results of the realisation of their investments. Financing is provided to businesses in turn mainly on the basis of instalment sale, leasing or equity participation. In this way, they and their depositors share the financial risk with the entrepreneurs and together they reap the benefits of the investments.
The prohibition of interest is to be found in the Qur'an and is fundamental to the ethical standards and core values laid out therein. Al Baraka Group's subsidiaries, as Islamic banks, firmly adhere to these core values by disallowing the charging or paying of interest, an essential difference between Islamic and conventional banks. Yet, customers of Islamic banks and other financial institutions generally share a similar experience to that of customers of conventional banks - who share profit with their depositors. The essential difference in Islam is that the practice of profit sharing is such that wealth creation is the result of a partnership between investors and entrepreneurs in which both the risks and the rewards are shared: returns on invested capital are based on profits actually generated rather than predetermined interest rates.
Third: All contracts entered into by Al Baraka Group's banking subsidiaries, and all their relations with businesses and depositors, must comply with the ethical standards of the Shari'a.
Address : Rashid Karameh Str.,Vardun, P.O BOX 113 5683, Beirut, Lebanon.
Website : www.al-baraka.com, Phone number : 961-1-748061
2. Banque du Liban -
The Banque du Liban was established by the Code of Money and Credit promulgated on the 1st of August 1963, by Decree no. 13513. It started to operate effectively on 1st April, 1964. BDL is a legal public entity enjoying financial and administrative autonomy. It is not subject to the administrative and management rules and controls applicable to the public sector. Its capital is totally appropriated by the State. The BDL is vested by law with the exclusive right to issue the national currency. As stipulated by article 70 of the Code of Money and Credit, the BDL is entrusted with the general mission of safeguarding the national currency in order to ensure the basis for sustained social and economic growth. This mission consists of the :
- Safeguard of monetary and economic stability
- Safeguard of the soundness of the banking sector
- Development of money and financial markets
- Development and regulation of the payment systems and instruments
- Development and regulation of money transfer operations including electronic transfers
- Development and regulation of the clearing and settlement operations relative to different financial and payment instruments and marketable bonds
The BDL is endowed by law, with the prerogatives to fulfill its mission. It can use all measures it deems appropriate to ensure exchange rate stability, specifically the intervention in the foreign exchange market by buying and selling foreign currencies. The BDL controls bank liquidity by adjusting discount rates, by intervening in the open market, as well as by determining credit facilities to banks and financial institutions. It regulates banks' credit in terms of volume and types of credit, by imposing credit ceiling, by directing credits towards specific purposes or sectors and setting the terms and regulations governing credits in general. The BDL imposes on banks reserve requirements on assets and/or loans as determined by BDL, as well as penalties should shortfalls occur. Investment in TBs may be considered by the BDL as part of the reserve requirements.
The BDL grants licenses for the establishment of banks, financial institutions, brokerage firms, money dealers, foreign banks, leasing companies and mutual funds in Lebanon. The Banking Control Commission controls and supervises these institutions. Conferring with the Association of Banks, the BDL issues circulars and resolutions governing the relations of banks with their customers. There is a regular coordination between the BDL and the Government in order to ensure consistency between BDL's objectives and those of the Government. Cooperation with the Government implies coordinating fiscal and monetary policy measures. It informs the Government on economic matters that might negatively affect the national economy and currency and suggests measures that might benefit the balance of payments, the price level, public finance and offers advice on how to promote economic growth. It also ensures the relations between the Government and international financial institutions.
Address : Masraf Lubnan street, P.o.Box 11-5544, Beirut, Lebanon.
Website : www.bdl.gov.lb, Phone number : 961-1-750000
3. Banque Libano Française -
Mission and vision
Banque Libano-Française is a Lebanese, universal, high-performing Bank, renowned for its professionalism and strength on the market. We aim at being a leading player and a reference in the banking sector in Lebanon.
Therefore, we are committed to constantly developing our skills to ensure expertise and quality of service, and maintain and strengthen the trust relationship with :
- our clients, who see us as a real partner,
- our staff, to whom we offer opportunities for self-accomplishment and a promising future,
- our shareholders, who benefit from an interesting return on investment,
the Lebanese economy, towards the prosperity of which we are strongly committed.
Values
- Integrity
- Competences
- Responsibility
- Humanism
- Engagement
Address : Riad El-Solh, Beirut, 1107 2060, Lebanon.
Website : www.eblf.com, Phone number : 961-1-791332
4. Blom Banque -
Constantly developing and improving its services, BLOM BANK Group provides universal banking services that meet all of its clients’ needs. These services include: Commercial Banking, Corporate Banking, Private and Investment Banking, Asset Management, Retail Banking, Islamic Banking, Brokerage Services and Insurance Products and Services.
As one of the oldest established banks in Lebanon, if not the region, BLOM BANK has always been at the center of the country’s banking system. Its universal banking services revolve around trust and credibility, built with its clients through long-term personal relationships, integrity, and the strong financial results that it has consistently delivered. And the bank’s renowned conservative management has paid off over the years: for decades, BLOM BANK has been among the most profitable and largest banks in Lebanon. It is proud to have become over the years its clients’ preferred banking partner and investment reference, meeting all their financial needs and ensuring their “Peace of Mind”. BLOM BANK is also proud to extend this “Peace of Mind” to the larger community, through its de-mining initiative the BLOM MASTERCARD “Giving Card”, its educational initiative “BLOM shabeb”, its safety educational program “ProtectED” and finally its recycling program towards a greener environment “Green Cycle”..
Throughout the years, BLOM BANK has also maintained a track record of exceptional performance that carried over to this year. BLOM’s operational and managerial efficiency has enabled it to maintain in Q1-2013 the lowest cost–to-income ratio among its peers at 38.3 percent, which helped generate a rise in its Q1-2013 profits to $87.12 mn. This also implied the highest return on average common equity among listed banks at 16.3 percent. In addition, assets increased to a total of $25.1bn and customers deposits increased to a total of $21.8bn at end of Q1-2013.
Moreover, despite a major reduction in the loan portfolio in Syria and a flat lending environment in Egypt, total loans in Q1-2013 increased by 6.6 percent to $6.1bn. In addition, BLOM BANK has the largest share of retail loans in the Lebanese market. The Bank also attained outstanding safety indicators, for gross non-performing loans to gross loans stood at 5.53 percent with a coverage ratio by special provisions of 63.4 percent, rising to 121 percent when accounting for real guarantees. Also, the liquidity ratio was 66.5 percent and the capital adequacy ratio 14 percent in Q1-2013. And the Bank maintains excellent financial ratings, including a BBB- rating from Capital Intelligence, the highest financial strength rating in the country.
Address : Rachid Karami St., BLOM BANK Bldg., Riad El-Solh, Beirut 1107 2807, Lebanon.
Website : www.blombank.com, Phone number : 961-1-753000
5. Byblos Bank -
Byblos Bank is one of the leading banks in Lebanon, and, increasingly, an invaluable partner for individuals and companies whose business takes them to other countries in Europe, Asia and Africa. With a presence in 12 countries and a growing reputation for helping clients manage their affairs in challenging environments, our record speaks for itself. Byblos Bank Group is a full-service financial institution that focuses on the domestic and regional markets while striving to offer world-class services to its customers, fulfillment to its employees, and economic benefit to the communities it serves.
What We Do
At Byblos Bank, we provide real banking for real life; it's a philosophy that informs everything we do. This means careful attention to the various ways in which we interact with our clients, the goal being to ensure that Byblos Bank products and services meet or exceed the constantly changing needs of the market. Byblos Bank is one of the leading banks in Lebanon, providing a full range of banking services through one of the country's largest branch networks. Through its overseas subsidiaries, the Bank also conducts a wide range of Commercial Banking and other financial activities in Europe and the MENA region. Byblos Bank's power and versatility are derived from adhering to the values associated with traditional banking – a conservative approach to risk, total commitment to the many overlapping interests of our customers, investors, and employees, attention to detail bordering on obsession, and boundless faith in hard work. Our adherence to these values reflects a determination to remain focused on what we know best: Consumer Banking, Commercial Banking and Capital Markets. Our values encourage us to constantly update our products and services in order to meet the diverse and evolving needs of our clients.
Our Values
- Integrity
- Performance
- Customer Focus
- Teamwork
Our Mission
The Byblos Bank Group is a universal institution that is focused on the domestic and regional markets while striving to offer world-class services to its customers, fulfillment to its employees, and economic benefit to the communities it serves.
Address : Elias Sarkis Ave., Ashrafieh, PO Box: 11-5605 Riad El-Solh, Beirut, Lebanon.
Website : https://applications.byblosbank.com, Phone number : 961-1-205050
6. Credit Libanais Sal -
Global Bank
Credit Libanais SAL, which aims to meet the needs of each customer throughout its lifecycle, operates as a global provider providing a full range of banking products and services channeled through an extensive network of 66 branches, an Islamic banking, a financial institution, a leasing and an insurance company subsidiaries in Lebanon, full-fledged branches in Limassol, Cyprus; Manama, Bahrain, Irbil and Baghdad, Iraq, and a Representative Office in Montreal, Canada as well as a banking subsidiary in Senegal, which paves the way for expansion in all eight states of the economic zone of West Africa.
The Bank also is a pioneer in the field of e-banking and reaps the benefits of a large network of international correspondents around the globe.
Bank's Ownership
Credit Libanais was established in July 12, 1961, as a Lebanese joint stock company. The Bank's ownership is split between EFG HERMES CL HOLDING SAL controlling 63.74% of the share capital and CIH BAHRAIN INTERNATIONAL HOLDING SAL with a 25.20% stake .The remaining 11.06% is owned by over 1,000 individual shareholders, including mainly executives and employees of the Bank, each with less than 5%.
Activities
The Bank offers its customers specialized financial products and services, through its activities and those of its numerous subsidiaries, a wide array of products and services, including retail, corporate, investment and Islamic banking, leasing, micro-finance, insurance as well as Small and Medium Enterprises (SMEs) funding. The Bank is a pioneer in e-banking services, operating a wide network of ATMs and POS, an advanced Call Centre and internet banking services that allow customers easily and securely access the Bank, wherever they may be in the global village. The Bank is a pioneer in the field of innovative technological services, including Internet banking, Customer Service Center, Phone banking, and Mobile banking. This strategy is in line with our customer focus policy which aims at providing customers with convenient access to the Bank from the privacy and comfort of their homes or offices. Credit Libanais also furnishes quality standards in capital markets and private banking products and instruments, traded on both domestic and international markets. The Bank is an active participant in the co-management of all sovereign Eurobonds issues and is considered a major market maker on the Lebanese fixed income securities market.
Cooperation and Partnerships
Credit Libanais has strategic cooperative partnerships with :
- numerous international bodies
- the Arab Trade Financing Program (ATFP)
- the Inter Arab Investment Guarantee Corporation (IAIGC)
- the Islamic Corporation for the Insurance of Investments and Export Credit (ICIIEC)
- the European Investment Bank (EIB)
- the Saudi Development Program (SDP)
- the International Finance Corporation (IFC)
To offer you a professional edge, Credit Libanais also teams with Kafalat sal to provide competitive financing schemes for Small and Medium Enterprises operating in the industrial, tourism, agricultural, technological and traditional crafts sectors. In addition to all this, the Bank has an alliance with Berytech, Lebanon's leading incubator, in an endeavor to promote, develop and maintain venture capital operations (mainly start-ups) in Lebanon.
Philosophy
At Credit Libanais, we aim to become the bank of choice for clients and banking professionals in Lebanon. In light of this, we continue to enhance our already established reputation as a successful and innovative financial institution which embodies the core values of customer focus, teamwork, quality, and performance.
To succeed in our corporate mission, we have developed a new approach to servicing retail customers and marketing our many products. We have turned each branch into a one-stop-shop that offers you a wide variety of products and services to meet your specific needs. In conjunction with this, we also offer our corporate clients personalized attention via assigned Relationship Managers who provide tailor-made solutions to meet their needs.
Credit Libanais has re-aligned our organizational structure to enhance our customer-centric approach to banking. Our new structure fosters decentralization of responsibilities and properly defines the relationship and accountability among business units.
Credit Libanais will continue to maintain a leading position in technological developments and the credit card enterprise. In this way, we will develop further our core business activities by emphasizing both fee-based and non-interest income. We believe that employees are our most valuable assets. Teamwork and cooperation among divisions are key to delivering superior quality service. Our culture is performance-based allowing each unit to set its business objectives and align rewards with performance.
The firm perseverance and diligence of Credit Libanais's team (from management to junior employees) are the solid foundations the Bank builds on for sustainable growth and a promising future for stakeholders and employees alike. A future that sees the Bank as one of the best performing banks in the industry with the highest standards of quality services that satisfy clients in Lebanon and worldwide.
Address : Sofil Center, Charles Malek Avenue, P.O.Box 16-6729 – Ashrafieh, 1100 2811, Beirut, Lebanon.
Website : www.creditlibanais.com.lb, Phone number : 961-1-200028
7. Fransa Bank -
Fransabank Group banking and finance legacy dates back to more than nine decades of excellence supported by its very responsible role in the multi-dimensional development of the economies and communities it serves. The Group has succeeded in establishing, developing and consolidating a competitive edge that earned it a leading position amongst the Lebanese banking community and the countries into which it expanded. Today, Fransabank Group has a consolidated presence in nine countries: Lebanon, France, Algeria, Syria, Sudan, Belarus, Cyprus, Libya, UAE (Abu Dhabi) and very soon in Iraq. The Group also ranks first in terms of local branch network with 116 branches strategically spread all over the country, providing the Lebanese community with all types of banking products and services to satisfy their personal and professional banking wants and needs. Fransabank Group succeeded in positioning itself as a forward-looking, trustworthy, dynamic, innovative, creative, and socially responsible leading financial Group that has been providing top-notch financial services to its clients in particular and to the banking industry at large, while always putting the client at the heart of all its activities. Fransabank Group offers its large clientele universal banking services mainly through its main commercial bank, Fransabank SAL, and its local and overseas subsidiaries and associates.
Mission
We are committed to :
- Consolidate and expand our presence in selective regional and international markets
- Adopt and implement the highest international banking and finance norms and standards, corporate governance, and diligent compliance practices
- Exceed our customers’ expectations and fulfill their needs and demands
- Strive for distinguished quality service for our existing and potential customers
- Promoting the entrepreneurial flair, decision-making and teamwork within our Group
- Generate increasing value for our shareholders in a dynamic manner and on solid sustainable grounds
- Align responsible business practices and social investments to create long-term value and sustainability for our Group and for its communities.
Values
- Integrity
- Loyalty
- Accountability
- Transparency
Address : Riad El Solh Beirut 1107 2803, Lebanon.
Website : www.fransabank.com, Phone number : 961-1-734000
Libya
1. Aman Bank -
Aman Bank started as a Libyan shareholder company owned by the private Libyan sector. The idea of establishment came after Central Bank of Libya gave permission to establish private commercial banks. Aman Bank was one of the first banks that started operating during that time in accordance with Banking Law no.(1/1993) which was later replaced by Banking Law no.(1/2005) which defines in Article (65) the authorized activities allowed to be performed by any commercial bank in Libya. Aman Bank for Commerce & Investment was established in 2003 under permit no.(140) issued by the Minister of Finance with approval from Central Bank of Libya in accordance with Banking Law no.(1/1993).
Capital and Shareholders
Aman Bank’s capital started with 10 million LYD in 2003 with 3,300,000 LYD as paid capital which was increased later to 10 million then to 33,340,000 LYD. Since the development of the Aman Bank is a consistent goal of its founders whether in terms of financial position or expanding its services and competition capabilities, in 2010 Aman Bank entered into a strategic partnership with Banco Espirito Santo from Portugal, one of the largest banks in Europe, increasing Aman Bank’s capital to be 100,020,000 LYD. Aman Bank now is 40% Portuguese own by Banco Espirito Santo, and 60% Libyan owned by the Libyan private sector. The Portuguese partner is in charge of the executive management and represented by four members in the Board of Directors alongside with three Libyan Board members including the Chairman. Now Aman Bank is part of the international BES Group.
Website : www.amanbank.ly, Phone number : 218-21-3350219
2. Bank of Commerce & Development -
Introduction
Incorporated according to Law No. (1) year 1993 as amended for Banks Monetary and advances as follows.
Secretary Peoples’ Committee of the Planning and Financial Decision No. (234) for Year 1423 M.
Secretary Peoples’ Committee of Planning, Economics and Commerce No- (529) for the Year 1424 M.
Commercial Regulation under No. (9515) dated 09/11/95.
The Bank officially inaugurated on 09/06/96. Joined as a member of Union of Arab Banks on 01/05/96.
Joined as a member of Union of Magreib Banks 30/05/98. Joined as a member of Libyan Banks Association 10/08/96.
Capital
Authorized (LYD 50,000,000) Fifty million Libyan Dinars.
Paid (LYD 50,000,000) Fifty million Libyan Dinars.
Raising the Capital
The Bank of Commerce & Development Capital was decided to be raised to the value of fifty million Libyan Dinars
by offering new shares in the market.
Shareholders
2462 Natural Persons
35 Juridical Persons (Public and Private)
Exchange Rate: (1) one US Dollar = 1218 Libyan Derham
Address : Eastern Dawud, Benghazi, Libya.
Website : http://www.bcd.ly, Phone number : 218-61-9080230
3. Libyan Foreign Bank -
Libyan Foreign Bank (a Libyan Joint Stock Company) was established under lwa No. 18/1972, and is subjected to Law No. 1/2005 on banking, the commercial law and its amendments and related regulations. The bank is a corporate body having independent financial status and its assets only consulting guarantee to its liabilities. LFB operates through its head office in Tripoli - Libya. The purpose of the bank is represented in overseas investments and banking activities and complementary and related financial activities. The bank practices the activity of opening accounts and accepting deposits from abroad and non-residents, in addition to banking and financial transactions with commercial local banks and any related banking activities licensed by Central Bank of Libya.
LFB started exercising its activity in the year 1972 with a paid up capital of 20 million Libyan Dinars (equivalent to 67.4 million USD). At the beginning of the year 2006 the paid up capital of LFB has increased to 1 billion USD. On 29/12/2009 the extraordinary general assembly meeting of shareholders of LFB decided to increase its capital to 2 billion USD as per decision No. 1 for the year 2009. Furthermore, the extraordinary general assembly meeting of shareholders of LFB decided in its meeting dated 21/02/2010 to increase its capital with another 1 billion USD as per decision No.2 for the year 2010 and with this increase the paid up capital of LFB amounts to 3 billion USD with an authorized capital of 8.7 billion USD divided into 87 million shares at a value of 100 USD per share.
Address : Tripoli Dat El Imad Administrative Complex, Libya.
Website : http://lfbank.ly, Phone number : 218-21-3360054
4. Mediterranean Bank -
Mediterranean Bank was established in 1997 under the name of National Bank of Benghazi and began providing its audience on 03/24/1997 P has begin its work through one branch there in Benghazi with a capital of 900,000 d. fully paid for , which represents three-tenths of its subscribed capital. 3000000 d.'s "only three million dinars," according to a foundation and its statute and is worth noting in this regard that the bank has distributed dividends to shareholders since the first budget, which was dated 12/31/1998 P Upon the issuance of Law No. (1) for the year 2005 and to meet the requirements of the terms of this law, the name change to the Bank of medium and raise the authorized capital. 33333000 d.'s door was opened to contribute to the capital of the bank and which met with a good turnout of citizens as the volume of capital in 31/12/2005 in the amount. 3000000 d.'s On 31/12/2006 $ 0.8381386 d.'s On 31/12/2007 P amount. 12,058,976 d.'s which confirms the good numbers prestige to our bank in the Libyan market with the end of 2006 , specifically 03/12/2006 P. branch was opened Tripoli, the first branch of the bank outside the city of Benghazi as well as Gary currently working on opening another branch in Tripoli and a branch in Misratah and the branch's second city of Benghazi and all these branches were purchased headquarters of her under the modification and processing is expected, God willing to start at the all soon
Address : Al – Jala A Road – Abu-Sitta, Tripoli, Libya.
Website : www.meditbank.net, Phone number : 218-21-3408659
5. National Commercial Bank -
National Commercial Bank Libyan company contribution to total capital of 500 million Libyan dinars, established under the provisions of Law No. 153 of 1970 dated 22.12.1970, one of the financial institutions Libyan knighted since its inception to provide the best banking services to its customers, from individuals, companies and institutions , as a contribution to the renaissance of our beloved country, and in line with that seen in the banking industry in the world of developments in the field of information technology and services, direct and indirect, through bank branches, which amounted to 64 branches, and in pursuit of us for success and excellence make us the slogan our bank trust and confidence so that is our goal Our goal which Nspo. The National Commercial Bank today one of the largest banks operating in Libya, where he achieved record growth in the volume of assets during the year 2007 amounted to 7.070 million, an increase of 2.637 million, and by 59% compared to the previous year's results. , And this is due to the spirit of teamwork and enthusiasm and pursuit of by Aladarhmozvin towards excellence and provide the best in services, has reached the budget, including the contra accounts 11,669 billion dinars, an increase of 117% from last year.
On 31/8/2009 has achieved the Egyptian strong growth budget stood at 15.387 billion dinars, or 25% increase from the end of the first quarter of 2009. The bank's assets grew strongly compared to commercial banks operating in the Libyan market represents 15% of total banking assets in December 2008 and became 16% in the spring of 2009 and increased in terms of growth became 18% in the summer of 2009. Total deposits grew strongly compared to deposits in the Libyan market, where she was representing in December 2008 to 16% it reached in the summer of 2009 to 19%.
- Achieved a net profit of 106 million dinars for the growth rate of up to 187% compared to the end of the first
quarter of 2009
- Achieved strong growth in commissions item amounted to 36 million dinars for the growth rate of up to 57
compared to the end of the first quarter, and this is something that shows the improvement and quality of
services provided.
- As for the item other than interest income and commissions of foreign currency sales and corporate contributions have won strong growth, amounting to 9.8 million, representing 6% of total operating revenues.
The Bank financed various projects in order to contribute to the development of the national economy in addition to that the bank offers all the traditional banking services offered at commercial banks, along with a series of new products began to deal during the 2008 serve all slides that deal with the bank, including ATM services, and remittance services rapid money and mobile phone services and the easy credit product. As has been thrown ATM "cards, the national growth" and work is underway to start issuing Visa cards.
Aspirations :
To become the National Commercial Bank label customers in the banking market Libyan and work the bank to build strong relationships with its customer base, taking advantage of the quality of services and product offerings to increase the market share of assets even occupy bank status "owed" Fethiye Libyan market and improve the profitability of assets through a mixture assets better balanced and enhancing network coverage through the opening of new branches and the transfer of some branches of current and authorization structure Altnzia powers to lead the operations and commercial activities effectively and exploit business opportunities and alternative benefit from the competitive advantages that already exist, and this is done through six key areas, namely: customer service - Products - CHANNELS - credit operations - organizational structure - infrastructure for information technology.
Address : National Commercial Bank Building, Al Ourouba, Street 543. Al Bayda, Libya.
Website : www.ncb.ly, Phone number : 218-21-3337191
Lithuania
1. Bank of Lithuania -
The role of the Bank of Lithuania is very important for the country’s economy and financial system, therefore the Bank of Lithuania is included among the most important state institutions in the Constitution of the Republic of Lithuania.
Our mission : to ensure the sustainability and integrity of the state’s monetary, credit and payment systems and their stable, reliable and efficient functioning, thus creating favourable conditions for the optimal development of the national economy.
Objective : The Bank of Lithuania is the central bank of the Republic of Lithuania. Its principal objective is to maintain price stability. In seeking its principal objective, the Bank of Lithuania is independent from the Government of the Republic of Lithuania or other institutions of the state.
Litas banknotes and coins
Only the Bank of Lithuania has the right to issue and withdraw from circulation the litas banknotes and coins that end up in our wallets and are used as payment. Net litas reach the population through commercial banks. Based on the needs of the market, from the Bank of Lithuania the commercial banks regularly order a certain amount of litas and pick them up from the Bank of Lithuania’s storage facilities in Vilnius and Kaunas; when the need is reduced—the litas are returned to the Bank of Lithuania’s repositories. Litas banknotes that are in circulation are printed by a well-known European printing. Litas and centai circulation coins are minted at the UAB Lithuanian Mint, located in Vilnius.
Monetary policy
The Republic of Lithuania’s central bank formulates and implements monetary policy, establishes the litas exchange rate regulation system and sets the official litas exchange rate. Lithuania applies a fixed exchange rate strategy. Due to the fixed exchange rate, in the long term it supports stable import and export prices, anchors low inflation expectations, supports increased confidence in Lithuania’s economic policy. As we know, before, the litas was pegged to the U.S. dollar, but since 1 February, 2002, it has been pegged to the euro.
Foreign reserves
The Bank of Lithuania has accumulated a large amount of foreign currency and gold reserves. Income from investment in them is allocated to ensure litas stability, to finance the activities of the Bank of Lithuania and to supplement the state budget. Foreign reserves are safely invested only in high credit quality financial instruments in economically developed countries. A large portion of the foreign reserves (about 97%) is held in euros, while the remaining portion is made up of gold. All of the gold of the Bank of Lithuania (about 5.8 tonnes) is held at the Bank of England in London.
Supervision of banks, insurance companies, credit unions and other financial institutions
The Bank of Lithuania issues permits and licenses for the financial market participants to operate. The goal of licensing is for the country’s financial markets to be operated by reliable, transparent and financially able market participants, while their leaders would be competent and of good repute. The Republic of Lithuania’s central bank monitors the financial market players and evaluates their compliance with the defined requirements and prudential guidelines, applying sanctions if they violate existing law. Supervision of the financial market participants aims to ensure that they have adequate capital and be liquidatable, that the risk they assume would be properly managed.
The Bank of Lithuania shall ensure that financial market participants provide services honestly, fairly and professionally, taking measures to increase the financial literacy of the public.
Investigation of disputes between consumers and financial services providers
The Bank of Lithuania impartially investigates disputes between consumers and financial services providers over insurance, lending, payment, investment and other financial services, including disputes relating to accounts, deposits in banks or other credit institutions. Having established that the financial services provider has adopted an unjustified decision, the Bank of Lithuania provides recommendations on how to settle the dispute. Disputes between consumers and financial services providers are investigated free of charge by the Bank of Lithuania.
Payment and securities settlement systems
Safe transfers of company, institution and public funds from one bank to another, as well as other financial transactions, require a reliable payment system. The Bank of Lithuania has developed and manages two payment systems for payments in litas. In one of these systems, payments are processed in real time, in the other—four times a day. For payments in euros to run smoothly, the Bank of Lithuania participates in the European payment system TARGET2.
Economic and Financial System Analysis, Forecasts, Statistics
The Bank of Lithuania performs analysis of the country’s economic and financial system, prepares financial stability reviews, foresees the potential threats to Lithuania’s financial system, predicts the possible economic development prospects. This information is regularly published publically.
Address : Gedimino pr. 6, LT-01103 Vilnius, Lithuania.
Website : www.lb.lt, Phone number : 370-5-268-0029
2. Swedbank Lithuania -
Swedbank is a modern bank firmly rooted in Swedish savings bank history. We are an inclusive bank with 7.6 million private customers and more than 600 000 corporate and organizational customers. This makes us Sweden’s largest bank in terms of number of customers and gives us a leading position in our other home markets of Estonia, Latvia and Lithuania. As a major bank, we are a significant part of the financial system and play an important role in the local communities we serve. We are dedicated to helping our customers, our shareholders and society as a whole stay financially sound and sustainable. We work hard to develop close, long-term relationships with our customers. Swedbank therefore has an extensive retail network and well-developed telephone, internet and mobile services.
Our customers should always feel secure that the advice we give is in their best interests, and is not based solely on our products. When we develop products and services, the goal is to create something that will benefit customers in the long run – and us as well. Swedbank employees uphold the bank’s values of being simple, open and caring. On a daily basis this means, among other things, that our services and advice must be understandable to everyone and that we keep our promises. Swedbank shall have a robust balance sheet that can withstand economic fluctuations. Evaluating and managing risks is part of what we do every day. We achieve a solid risk spread by having a broad customer base of private individuals and companies in many different industries and through a sustainable balance between deposits and lending in our home markets.
Address : Konstitucijos pr. 20A, LT-03502 Vilnius, Lithuania.
Website : www.swedbank.lt, Phone number : 370-5-268-4444
3. SEB Bank -
Skandinaviska Enskilda Banken AB (SEB) (Scandinavian Private Bank) is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard. The bank was founded by and is controlled by the Swedish Wallenberg family through their investment company Investor AB. In 1972, Stockholms Enskilda Bank (established in 1856 by André Oscar Wallenberg) and Skandinaviska Banken (established in 1864) merged to form SEB. Reasons for the merger included creating a bank better positioned to serve corporate clients and to fend off competition from major international banks.
Address : Gedimino ave. 12, LT-01103 Vilnius, Lithuania.
Website : www.seb.lt, Phone number : 370-5-268-2800
4. Bank Snoras -
Bankas Snoras AB or simply SNORAS (OMX: SRS1L, OMX: SRS2L) was a commercial bank, founded in Lithuania operating in all three Baltic states. It was a member of the financial group Konversbank and was listed on the NASDAQ OMX Vilnius stock exchange. On November 16, 2011, 100% of the bank shares were nationalized by the Lithuanian government and the bank was placed into temporary administration. On November 24, the bank was declared bankrupt. It had 4 billion Litas in debt. Bankas Snoras AB was founded 1992 as a regional bank of Šiauliai and renamed to its current name in 1993. It was recognised as the best bank in Lithuania in 2006 by financial publisher The Banker.However, an inspection at the bank in November 2011 revealed poor asset quality, weak risk management and lack of proper operating data. The check also revealed that the bank has ignored the central bank's recommendation to reduce operating risks.
Address : 7 A.Vivulskio Str. LT-03221 Vilnius, Lithuania.
Website : www.snoras.com, Phone number : 370-5-239-2239
5. Turto Bankas -
In a year 1995 Lithuania had bank crisis and in order to make it less harmful The parliament of Lithuania with The Government of Lithuania adopted Law of reorganization of 1996 year June 4 of “Aurabank” on the basis of this law this commercial bank was reorganized into non capable asset management company Turto bankas. The statues of Turto bankas( Bank of Property) were confirmed on year 1996 August by The parliament of Lithuania.
On year 2011 february 9th The Government of Lithuania took the decision No. 149 on the basis that Turto bankas would be transformed into state enterprise Turto bankas. All functions by Turto Bankas performed were deputed by separate laws, the decisions of Government, and you could clearly see the rights and obligations, and restrains of activities of Turto Bankas while performing exact functions.
Main activities of Turto bankas nowadays are organizing the real estate property renewal and the debt collection for the Government. Turto Bankas was issued coordinating functions and organization of the renewal, based on the law of Republic of Lithuania and Municipality asset management, use and disposition article 16(1), accordingly coordinate real estate of government, if it does not comply with the needs of public companies, institutions or organizations while accomplishing the functions of the government. The renewal is performed in accordance with list of Renewal of real estate confirmed by Government.
While acting In debt recovery for the Government Turto Bankas is performing loan recovery, granted by the name of State, when the funds were borrowed, guaranties granted by State and when the debts arise to State; administrating commercial banks that were claimed and taken over by Government, and for the stock of Government, that were bought, realization of incapable assets, the recovery of tax arrears for The Public Tax Inspection and The department of Customs, when the Financial Aid of the European Union used while breaching laws, the recovery of the debts to the Fund Of Guaranties and other Public Institutions accordingly with the requirement rights. The result of the activities of the Turto bankas to the State is 1,2 billions of recovered debts.
Address : Kęstučio g. 45, LT-08124 Vilnius, Lithuania.
Website : www.turtas.lt, Phone number : 370-5-278-0900
Luxembourg
1. Banque J. Safra Sarasin -
The family-owned Safra Group is a highly regarded name in global Private Banking with a successful long-standing history. In addition to the companies of the J. Safra Sarasin Group, Banco Safra, Brasil, as well as Safra National Bank, New York, US, belong to the Safra Group. The ownership by the Joseph Safra family provides the companies of the Group and its clients with stability and a consistent long-term approach. All companies of the Safra Group are built on a strong financial foundation. As of December 2012, the Safra Group had aggregate stockholder equity of approximately USD 12.9 billion and total assets under management of USD 200 billion. The Safra banks are in 156 locations worldwide, and have over 7,700 employees.
The banking origins of the Safra Family
In the financial sector, the past has an unparalleled importance in determining the present and providing solid guarantees for the future. It was the 19th century and the memory of Napoleon's military campaigns was still fresh in the minds of Europeans. The world was becoming well aware of the effects of the Industrial Revolution as the economies of Europe, the Mediterranean and North America flourished, all thanks to major inventions - the steam engine and electricity - and the movement of ships, caravans and now railroads that transported and sold agricultural products and the most diverse merchandise. Financing for this intense commercial movement came from bankers, who would one day become legends. Families like the Rothschilds in Europe, the Rockfellers later in America and the Safras in the Middle East began a lineage of financiers, laying the foundation for modern banking based on improved communication and the growing demand for trade between cities.
Particularly intense was the exchange of merchandise between the ports and cities of Europe, such as Paris, Nice, Marseille, Madrid, Barcelona, Naples, Trieste, Genoa and Venice with cities like Alexandria, Athens, Istanbul, Beirut, Damascus, Aleppo, Haifa, Tel Aviv and Jerusalem. In this region of the Middle East, members of one Jewish family, known for a long tradition of dedication to financing in gold, earning them, in turn, the Arab name for the color of the precious metal: Safra. One of the major centers of trade was Aleppo, a city in northwestern Syria. It was there that merchants and goods from the East and West converged. The city was also home to the Safra family, who with their cosmopolitan vocation financed trade and exchanged currencies from several different countries in Asia, Europe and Africa, including the Ottoman Empire's "para", the Venice's "zecchini" and the Maria Theresa's "thaler" as well as precious metal like silver and gold mainly. In Aleppo, Jacob Safra, the patriarch, was known for his exceptional ability to mentally calculate the conversion of several currencies as well as the financing costs for each and every one of his clients.
In the mid 19th century, Safra Frères et Cie. was founded in Aleppo, a bank bearing the name of the renowned family. In no time at all the institution earned fame and prestige throughout the Middle East, building a solid reputation as highly selective financiers. Safra Frères et Cie.'s strong expansion prompted the family to open branches in Istanbul, Alexandria and Beirut. Later, in the first half of the 20th century, Beirut was chosen to be the headquarters of the Jacob Safra Bank, founded by the patriarch of what would later become another generation of successful bankers. After World War II, Jacob Safra expanded his business to Europe and later to Latin America and the US. His offspring likewise gained prominence for their expertise in banking, continuing a long-standing relationship with a community of clients. Today, several of Jacob's grandsons continue the Safra family tradition in diverse economic areas throughout the many countries where the bank thrives.
Address : 10A, boulevard Joseph II, L-1840 Luxembourg.
Website : www.jsafrasarasin.lu, Phone number : 352-4547-811
2. Banque Carnegie Luxembourg -
Banque Carnegie Luxembourg is an exclusive private bank with a low risk profile focused on international asset management. The bank is a member of the Carnegie Group, whose head-office is situated in Stockholm. The Carnegie Group also has offices in Denmark, Norway, Finland, the UK and the US.
Our management philosophy is simple: we deliver advice through professionalism, transparency and integrity. Our clients are for the most part private individuals of Nordic origin with high net worth, residing all over the world, who demand excellent service and quality. Our competent and professional staff-members are Carnegie’s most important asset. We require responsibility, commitment and professionalism from our staff members. Carnegie group employs 800 staff members. In Luxembourg, there are only locally employed personnel; many of whom are from the Nordic countries, with long experience and broad competence in asset management and international private banking. Thanks to a small organization, the decision pathways are short and efficient.
We have our own specialists in interest-bearing securities, the international stock market, currencies and derivatives. By acting independently and drawing on a large network of outside experts all over the world, Banque Carnegie can offer its clients unique competence. Naturally we also make use of the experience and knowledge of the entire Carnegie Group in asset management and securities trading on the Nordic capital markets. It has always been the bank’s ambition to provide our demanding clients with highly personalized service and tailor-made solutions. It goes without saying that our clients have access to the full range of investment products, especially since we have an open architecture and are free to choose the best products on the market.
Address : 5 place de la Gare, L - 1616 Luxembourg.
Website : www.carnegie.lu, Phone number : 352-4040-301
3. Banque Centrale du Luxembourg -
The Banque centrale du Luxembourg (BCL) was founded by the laws of 22 April 1998 and 23 December 1998 as amended by the law of 13 July 2007, the law of 24 October 2008 and 10 November 2009. The BCL was set up at the same time as the European Central Bank (ECB). Its foundation represents the final outcome of long efforts in the context of the creation of the European Monetary Union (EMU, see also Eurosystem).
The State of Luxembourg is the sole shareholder of the BCL's capital for an amount of 175 million euro (25 million euro as at 31 December 2008). The capital increase has been realised by incorporation of reserves amounting to 150 million euro as at 1 June 2009. Its independence, however, is provided for by its founding law and by the Maastricht Treaty. The BCL’s contribution is important for the euro area and for the country. The Maastricht Treaty and the advent of the euro made the creation of a central bank necessary. The BCL is in charge of essential missions regarding monetary policy, the issuing of banknotes, financial stability, payment systems and even economic analysis.
Address : 2, boulevard Royal, L-2983 Luxembourg.
Website : www.bcl.lu, Phone number : 352-4774-4265
4. Banque de Luxembourg -
Founded in 1920, Banque de Luxembourg is one of the most important financial institutions in Luxembourg. With decisions made locally, it offers its independent wealth management expertise to clients based in Luxembourg and the rest of Europe. What sets us apart is our original approach to wealth management, which involves building an exceptional relationship with our clients. We advise on the financial decisions faced by clients at all the important stages of their lives from building up savings to inheritance-planning and project management. Our investment strategy focuses on performance consistency, investing for the long term and offering access to the best products on the market. The quality of our fund management approach and performance of our investment fund range win us numerous international awards every year. Building on the strength of our experience in wealth management, we offer our products, services and tools to independent professionals, particularly in the field of investment funds.
Address : BP 2221, L-1022 Luxembourg.
Website : www.banquedeluxembourg.com, Phone number : 352-4992-41
5. Banque Generale Du Luxembourg -
Founded in 1919, BGL BNP Paribas now occupies the position of market leader in its home market and has extended its business throughout the Grande Région, including the areas around Luxembourg's borders.
It has played an active part in Luxembourg's emergence as an international financial centre and is strongly committed to Luxembourg in terms of corporate sponsorship of both sporting and cultural events as well as sustainable development. In carrying out its business in the areas of Retail Banking, Wealth Management and Corporate & Investment Banking, BGL BNP Paribas offers a particularly wide range of services and products targeted at its individual and professional clients, as well as businesses and institutional investors.
In Luxembourg, BGL BNP Paribas holds the position of market leader for professional clients and SMEs, and is the second-largest bank for individual customers. It is also the undisputed market leader in bancassurance, in which it offers personalised solutions and banking services. BGL BNP Paribas has been part of BNP Paribas Group since May 2009. BNP Paribas is the leading employer in the financial sector and the second-largest employer in the private sector in Luxembourg, numbering today more than 4,000 members of staff.
Address : 50, Avenue J.F. Kennedy L-2951, Luxemburg.
Website : www.bgl.lu, Phone number : 352-4242-2000
6. Banque Internationale a Luxembourg -
Banque Internationale à Luxembourg SA provides retail banking, corporate and institutional banking, private banking, treasury, assets and liabilities management, and financial markets services primarily in Luxembourg, Singapore, and Bahrain. Its products and services include current management products, such as accounts, national transfers and eurotransfers, international transfers, permanent orders, direct debit, withdrawal banking cards, and personal credit cards; remote banking services, including net and mobile banking, SMS banking, trust, and zeropaper services; and housing services, which comprise mortgage, rental guarantee, mortgage insurance, and home insurance. The company also offers personal loans, overdrafts, and leasing services; saving products, including savings plus, instant access accounts, fixed-term deposits, short term and annuity certificates of deposit, capital growth certificates of deposit, and mortgage savings; and investments, such as shares, bonds, funds, saving in investment funds, and structured products. In addition, it provides tax deductible products comprise additional personal pension plans, Alizéa pension solutions, mortgage savings, and life assurance products, as well as Juvena, an investment in the form of life assurance; insurance products, including life, travel, mortgage, and home insurance products; and products for young people, such as bank accounts, savings accounts, student loans, and Juvena. Banque Internationale à Luxembourg SA was founded in 1856 and is based in Luxembourg. Banque Internationale à Luxembourg SA operates as a subsidiary of Precision Capital SA.
Address : 69 Route d’Esch, 2953 Luxembourg.
Website : www.bil.com, Phone number : 352-4590-1
7. Banque LB Lux -
The Banque LBLux SA is a 100% subsidiary of BayernLB , based in Luxembourg . It was established in June 1973 under Luxembourg law as a société anonyme established (SA). The focus of business activities is the international private banking and wealth management, and corporate banking for the Benelux region. These two operations are supported by its own Treasury Department. She is one focused on customer business, internationally focused euro bank. In addition, the Banque LBLux is a service provider for various locations of the BayernLB Group and for Luxembourg (group) companies. In addition, she is also active as a custodian, such as the Bavarian administered by Luxembourg SA or LRI Invest SA Fund. It is a conservative business and risk policy. All activities of the Banque LBLux subject to the policies of the Luxembourg financial regulator CSSF (Commission de Surveillance du Secteur Financier).
In 1973, Bayerische Landesbank International SA (Bayernlux), today Banque LBLux, founded with the business units euro lending, money market and foreign exchange and securities trading. From 1981, it begins to build up a private client area. This focused initially only on Germany and Belgium. 1986 refers to the bank on Boulevard Royal Luxembourg in their first own building. Finally, in 1989 its own corporate business is established. In the same year, Banque LBLux also assumes the regional responsibility for the Benelux for the BayernLB Group. Two years later, in 1991, the Bayernlux establishes its own fund company which Bayernlux Management Company SA (now Bavaria Luxembourg SA). 1994 refers to the present headquarters of the company in rue Jean Monnet on Kirchberg. The merger of Bayerische Landesbank International SA and Helaba Luxembourg - Landesbank Hessen-Thüringen SA creates LBLux In 2001, the same year the fund company is sold to BayernLB in Munich. In 2002 it was renamed the Banque LBLux done by 2009 were Bayerische Landesbank and Landesbank Hessen-Thüringen (Helaba) shareholder of Banque LBLux. Then, however, a reorganization of the ownership structure of its Luxembourg and Swiss subsidiaries took place and since 21 December 2009, the sole shareholder BayernLB LBLux. Banque LBLux also manages the product offering in the professional asset management for Bavarian savings banks. For the future it is planned that the Banque LBLux will continue its proven business model, which, however, was optimized as part of the patch in 2009 at Group level restructuring plan "Hercules". Thus, the two main divisions of the Bank, Private Banking & Wealth Management and Commercial Banking, concentrating even more on the direct customer business. In 2012 also the custodian activities were greatly expanded.
Address : 3, rue Jean Monnet, L-2180 Luxembourg.
Website : www.bayernlb.lu, Phone number : 352-4243-41
8. Credit Lyonnais Luxembourg -
Crédit Lyonnais is a historic French bank. In the early 1990s it was the largest French bank, majority state-owned at that point. Crédit Lyonnais was the subject of poor management during that period which almost led to its bankruptcy in 1993. It was acquired by former rival Crédit Agricole in 2003. Founded in 1863 in Lyon by Henri Germain, Crédit Lyonnais was the biggest bank in the world by 1900. It was nationalised in 1945, as was most of the banking sector in France after the war. Following a change of leadership and frantic expansion starting in 1988, the bank was the subject of numerous financial scandals, contributing to a huge debt of around 150 billion French francs (nearly €23 billion). This was caused by directors exaggerating investments and by problems with the bank's subsidiary companies.
Crédit Lyonnais became the leading lender to Hollywood studios in the 1980s. It also financed Giancarlo Parretti's takeover of Metro-Goldwyn-Mayer in 1990 for $1.25 billion. However, Paretti started looting the company, fired most of the accounting staff, appointed his 21-year-old daughter to a senior financial post, and used company money to buy presents for several girlfriends. By June 1991, CL had had enough: under the terms of an April agreement that gave it control of Parreti's MGM stock, it fired Parretti and began a lawsuit against him. However, CL soon faced intense scrutiny for its dealings with Parretti. Overall, CL lost $5 billion from its Hollywood deals. The bank avoided financial disaster by moving its debts and liabilities into a new state-owned company, Consortium de Réalisation (CDR). The creation of the CDR was highly controversial, as many did not believe that the French government should have bailed out the bank. The CDR notably agreed to pay US$525 million to the California Department of Insurance in order to head off a lawsuit over the Executive Life insurance scandal.
To allow the bailout, the European Commission imposed severe limitations, principally on the bank's international activities, and the bank was forced to sell many entities in the following years. On May 5, 1996 a major fire destroyed much of Crédit Lyonnais' Paris headquarters. The fire began in the main trading room of the bank and was one of the worst fires to damage a Paris building in 25 years. It burned for over 12 hours, destroying two-thirds of the building, along with crucial bank archives and computer data. In 1998, Crédit Lyonnais sold Crédit Lyonnais (Austria) to the Anglo Irish Bank. Crédit Lyonnais was fully privatized in 1999. In 2003 BNP Paribas built a position in the capital of the bank. However, in 2003, Crédit Agricole bought it and reorganised its operations :
- The investment banking business merged with Crédit Agricole Indosuez; the new entity took the name Calyon.
- The French retail banking network remained separate. In 2005 it was renamed LCL in order to avoid negative
references to its troubled recent history. It is owned by, but competes with, the existing French retail network of Crédit Agricole.
Address : 39 all. Scheffer, 2520 Luxemburg.
Website : www.e-private.com, Phone number : 352-2467-1
1. ANZ Bank Laos-
ANZ Bank (Lao) Limited
ANZ began operating as ANZ Vientiane Commercial Bank Ltd in September 2007 with the purchase of a majority shareholding in the Vientiane Commercial Bank Ltd, a privately owned bank that had been operating in Laos for 14 years. ANZ moved to 100% ownership in August 2010.
About ANZ
ANZ is a public listed company whose world headquarters are situated in Melbourne, Australia. ANZ was established over 170 years ago and is one of the top 50 banks in the world as measured by sales, profit, assets and market value (Forbes 29.3.07). It has assets worth USD$347 billion and its net profit in 2007 was in excess of USD$4.1 billion. ANZ operates in Asia through wholly owned ANZ businesses in 12 countries, and has eight partnerships in seven countries. ANZ also has operations in 13 countries in the Pacific. ANZ has an AA credit rating (Standard & Poors 2007).
Address : 33, Lane Xang Avenue, PO Box 5001, Vientiane, Laos.
Website : www.anz.com/laos, Phone number : 85-621-222-700
2. Bank of the Lao PDR-
Lao PDR is on an increasingly sustainable development path. Reforms underway have helped reduce poverty and stimulate broad-based growth. The economy has expanded on average by 7.1 percent per year from 2001 to 2010, and is expected to grow by 7.6 percent per year in 2011-2015. In 2011, Lao PDR reached a GNI per capita of US$1,010, and, as such, moved up from its lower income status to become classified as a lower-middle income economy. At this pace, Lao PDR is on track to achieve its long term vision: to graduate from the Least Developed Country status by 2020. Natural resources - forestry, agricultural land, hydropower, and minerals - comprise more than half of the total wealth of Lao PDR. The hydropower and mining sectors combined accounted for about one third of the country’s economic growth between 2005 and 2010. The growth in these sectors has resulted in significant increases in revenue which has translated into poverty reduction. It has also spurred progressive changes in environmental legislation.
Lao PDR is increasing its integration into the regional and global economy. It is located in one of the fastest growing regions of the world economy which has strategic importance in terms of potential for growth in cross-border investment and exports (including hydropower and mineral products) to rapidly industrializing neighboring countries. Lao PDR is a member of the Association of Southeast Asian Nations (ASEAN) and the ASEAN Free Trade Area. On February 2, 2013, Lao PDR has officially become a full member of the World Trade Organization.
Available data suggests that, while Lao PDR made significant progress on many of the Millennium Development Goals (MDGs), some are off track including malnutrition (40 percent of under-five children are stunted), measles immunization, skilled birth attendance, and some dimensions of gender equality (for instance, girl’s equal enrolment in tertiary education). In its Sixth National Social and Economic Development Plan (NSEDP) 2006-2010 (which is a successor to the National Growth and Poverty Eradication Strategy), the government laid out its poverty reduction strategy to meet the MDGs by 2015. It aims to foster economic growth with equity, develop and modernize the country’s social and economic infrastructure and enhance human resource development.
Critical reforms towards this end are receiving priority in the Seventh NSEDP 2011-2015. The World Bank Group (WBG) continues to work with the government as it lays the foundations to graduate from Least Developed Country status. The World Bank Group’s operations in the country are guided by the Country Partnership Strategy (CPS) for 2012 to 2016, designed in consultation with a range of stakeholders in Lao PDR to support the Government’s Seventh NSEDP and build stronger institutions for sustainable and inclusive development.
Address : Patou Xay, Nehru Road, Vientiane, Laos.
Website : www.bol.gov.la, Phone number : 85-621-213-109
3. Banque pour le Commerce Exterieur Lao-
Banque pour le Commerce Exterieur Lao or Bank for Foreign Trade of Laos (BCEL) is established while the Lao PDR declared independence in late 1975 and began doing business here since 1976. During 1975 to 1976, BCEL has performed roles special In a branch Previously the Bank (the central bank) of Lao PDR and is assigned to a single bank Can conduct business with international (Inter Banking) and has been assigned To perform management These grants and loans from foreign countries and international organizations The government has given the Lao PDR. Since November 1989, the Bank for Foreign Trade he is turning The full bank business model based on the Bank of the Lao PDR and decrees regarding management Banking business.
The business of Us is increasingly increased and strengthened in various fields including management of assets , deposits, loans and number of customers. Overall, BCEL currently has 18 branches, 20 Service, 10 units share and has more than 100 banking agencies in the world. Us is a state bank business The bank is willing to benefit For customers and contribute to the policy of the government to improve , develop, build modern and expanded services to both domestic and foreign. The services of Us includes: service deposits , loans, issuing guarantees from banks, payments, both domestic and foreign services of ATM, a service of khe Credit International and others.
Address : No. 01, Road cluster words, Ban Chiang life, Chanthabuly, Vientiane , Laos.
Website : www.bcel.com.la, Phone number : 85-621-213-200
4. Banque Franco-Lao Ltd -
Banque Franco Lao Ltd or BFL was born in October 2008 following the signature of a Memorandum of
Understanding between the French bank BRED Banque Populaire and the very famous leading Lao bank BCEL.
Personal Banking
With a concern for meeting the needs of present and future private customers, we have created special products and services which include current accounts, saving accounts, ATM Cards, E-Banking, overdrafts and loans. The Banque Franco-Lao Ltd has drawn on its two shareholders' banking longstanding banking experience to design products and services, offering retail customers the highest international banking standards to manage their money and carry out every kind of transaction. Convinced that a good banking relationship is above all a relationship built on trust, we are particularly concerned with providing our present and future customers with a clear, transparent offer.
Corporate Banking
With a concern for meeting the needs of present and future business customers, we have created special products and services which include current accounts, saving accounts, overdrafts and loans. The Banque Franco-Lao Ltd has drawn on its two shareholders' longstanding banking experience to design products and services which offer its business customers the highest international banking standards to manage their money and carry out all kinds of transactions. Convinced that a good banking relationship is above all a relationship built on trust, we are particularly concerned with providing our present and future customers with a clear, transparent offer. As such, you will find here in the Corporate Banking section all the information you need on each of your current accounts, savings account or financing solutions (features of each product, benefits, list of documents required, etc.).
Address : Lane Xang Avenue, P.O. BOX 5720, Vientiane, Laos.
Website : http://banquefrancolao.com, Phone number : 85-621-285-111
5. Lao Development Bank LDB -
Lao Development Bank Banking business is one of the Under the management of the Bank of the Lao PDR and shareholders by the Ministry of Finance. Lao Development Bank Has contributed to the expansion of the Comply with the scope of its role In economic and social development of each phase. In 1999 the Bank of the Lao PDR has a policy improvement The banking business of the state to Because banking business of character as banks are local, in the region and, scattered, poorly forces in financial management branch overlap, the cost of operating high-capacity competition low mobility business character limit, not open to outsiders and relations on it. Therefore it has with the bank that is scattered into the (Lan Xang Bank Limited and Bank of his new limited).
Lao Development Bank Established by the Bank 2 divert the business merger agreement, including: Bank Limited and Bank of New Lao Lan Xang Limited In addition to merging the assets, liabilities and Red Bank employees all together. The merger is the Purpose Is restored, stout build stability, a trust of society, to divert the bank to conduct business with the rank test Director of Facilities For development - economic, social Phiab country along with personnel with quality, ability to broadly and more modern. Ensure the interests of the users of services ngluk It is the dissemination and implementation of the General Meeting of the targets and a government issued identification The fact that the phenomenon.
After the 2003 merger, but pi before Lao Development Bank With headquarters located in Building No. 39 Road No. cluster, home to Shanghai, Chanthabuly District, Vientiane Capital and moved headquarters In Building No. 013, Road Soupanouvong, House fragrant, Chanthabuly District, Vientiane Capital. Over the past Lao Development Bank Growth was growing up in the continuous Of personnel, professional and modern transformation system using new technology to extend the work day compared to before. Which expressed the Lao Development Bank Credit for Service To promote the development of enterprises and small and medium sector in the economy. Aimed at promoting economic basis of strength, creating jobs for the people, improve the lives of people better. There adjust and develop a system of information from the system BANK2000 used since 2003 as system CORE BANKING called: T24 on 01/03/2010. Now is Online throughout the system. The use of open transactions Financial system Box ATM. Bank and First The system uses M-Commerce Mobile Banking in full form.
Vision
A banking business that conducts business in Lao PDR, a leader in promoting the development of small businesses and small The center is committed to leadership in the service level Make sure the business is in the grassland.
Address : 13 Soupanouvong Road, Sihom village, Chanthabouly, Vientiane, Laos.
Website : www.ldb.org.la, Phone number : 85-621-213-300
6. ST Bank -
S.T. Group Co., Ltd. is a multi-business company established in 1994. Under the management of Mr. Sithat Xaysoulivong President. S.T. Group has being stable growing with diverse business: import-export, duty free, power generation, mining, tobacco, wood, beverage production, construction, hotel and resort, and gaming and entertainment. The Company also leases some of its real estate to other businesses, as well as provides business ideas and advice to potential investors. Both its continuously developing and expanding, ST Group Co., Ltd also focus on banking field. Therefore ST Bank has been established dated 03/07/2009. In order to provide financial service cover society effectively, ST Bank has planned to have branches in all the provinces in Laos P.D.R.
Objective
To establish ST Bank is to provide completed financial service for society to acquire capital both domestic and abroad and then provide loans to all business sector to be a part of step by step business and society developing of Lao P.D.R to be expanded and strong with the stability.
Address : 144 Ban Anou, Samsenthai Rd, Chanthabuly, Vientiane, Laos.
Website : www.stbanklaos.com, Phone number : 85-621-241-559
Latvia
1. Aizkraukles Banka Latvia -
Aizkraukles banka was founded in 1993 and is headquartered in Riga, Latvia. The Bank changed its name to ABLV Bank, AS in 2011. It is the leading independent private bank in Latvia in terms of both assets and deposits. The bank’s majority shareholders – Oleg Fil, Ernest Bernis and Nika Berne – hold 85.90% of the bank’s share capital. Aizkraukles Banka Group includes brokerage joint stock company AB.LV Capital Markets, investment management joint stock company AB.LV Asset Management, KS AB.LV Transform Partnership, SIA AB.LV Transform 1, AS AB Konsultācijas, SIA AB.LV Corporate Services, SIA New Hanza City, SIA Elizabetes 21a, and other companies. The Bank has representative offices in Moscow, St. Petersburg (Russia); Baku (Azerbaijan), Kiev and Odessa (Ukraine); Minsk (Belarus); Almaty (Kazakhstan), Dushanbe (Tajikistan), Tashkent (Uzbekistan). The prestigious business magazine Global Finance has selected Aizkraukles Banka as the best bank in Latvia in 2009. As of 31 March 2012, the value of the bank’s assets amounted to LVL 1.886 billion (US$3.42 billion).
Address : 23 Elizabetes Street, Riga, Latvia-1010.
Website : http://ru.ab.lv, Phone number : 371-6777-5222
2. AS Swedbank -
Swedbank is a modern bank firmly rooted in Swedish savings bank history. We are an inclusive bank with 7.9 million private customers and more than 600 000 corporate and organisational customers. This makes us Sweden’s largest bank in terms of number of customers and gives us a leading position in our other home markets of Estonia, Latvia and Lithuania. As a major bank, we are a significant part of the financial system and play an important role in the local communities we serve. We are dedicated to helping our customers, our shareholders and society as a whole stay financially sound and sustainable. We work hard to develop close, long-term relationships with our customers. Swedbank therefore has an extensive retail network and well-developed telephone, internet and mobile services.
Our customers should always feel secure that the advice we give is in their best interests, and is not based solely on our products. When we develop products and services, the goal is to create something that will benefit customers in the long run – and us as well. Swedbank employees uphold the bank’s values of being simple, open and caring. On a daily basis this means, among other things, that our services and advice must be understandable to everyone and that we keep our promises.
Swedbank shall have a robust balance sheet that can withstand economic fluctuations. Evaluating and managing risks is part of what we do every day. We achieve a solid risk spread by having a broad customer base of private individuals and companies in many different industries and through a sustainable balance between deposits and lending in our home markets.
Address : Ballast dam 1a, Riga, LV-1048, Latvia.
Website : www.swedbank.lv, Phone number : 371-6744-4444
3. AS UniCredit Bank -
UniCredit Bank - part of UniCredit, a leading European commercial bank
- AS “UniCredit Bank” started its business in Latvia in 1996 as AS “Vereinsbank Rīga”.
- AS “UniCredit Bank” belongs to UniCredit – a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees.
UniCredit - a leading European commercial bank
- UniCredit is a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees (as of 30 June 2013).
- In the CEE Region, UniCredit runs the largest and most diversified international banking network with more than 3,600 branches (Poland included).
- The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
Address : Elizabetes 63, Riga, Latvia-1050.
Website : www.unicreditbank.lv, Phone number : 371-6708-5500
4. Danske Banka-
Our strategy
In the course of a few years, the world around us has changed irreversibly. The fragility of the financial markets, continuing globalisation, energy and sustainability have all become permanent issues that no one can ignore. At the same time, technology has united the world in a digital network that places our finances at our fingertips. This is not just a temporary transition. It is a "new normal" environment. The new normal requires new standards
The Danske Bank Group’s new strategy is called "New Standards". The strategy is intended to restore trust in the Bank and ensure that we live up to our new vision of being "Recognised as the most trusted financial partner". In order to reach that objective, we must set new standards for banking operations.
Mission and vision
We have also developed a new vision and mission to serve as guideposts for our new strategy. They concern setting new standards and restoring the trust of customers and shareholders in the Bank.
Vision: Most trusted financial partner
To become one of the best banks in the Nordic region, we must have the trust of our customers, investors and society at large. The vision is therefore “Recognised as the most trusted financial partner”. That is the new overall objective that Danske Bank will work to achieve.
Mission: Setting new standards in financial services
The mission is “Setting new standards in financial services”. In order to become the most trusted financial partner, we must set new standards for banking operations that benefit our customers, investors, society and our own organisation. New standards will therefore be at the core of everything we do in the future. The Group will focus on setting new standards in four areas: Advisory services & solutions, Customer interaction, Transparency & financial strength, and Responsibility.
Core values
At the Danske Bank Group, we work with five core values :
Expertise – through high standards of quality and professionalism
Integrity – in business affairs and as part of society
Value creation – for shareholders, customers and employees
Commitment – to customers’ financial affairs
Accessibility – electronic and physical
Address : Riga, Cesu street 31/8, Latvia-1012.
Website : www.danskebanka.lv, Phone number : 371-6795-9599
5. JSC Akciju Komerc Banka -
The private bank JSC Akciju Komerc Banka started its business in the 90s thanks to the joint efforts of present shareholders of Baltikums Bank and Insurance Group, who are experts in the marine and insurance business. Baltikums Bank is a bank with established traditions and an ambitious view of the future, an institution established by entrepreneurs and for entrepreneurs.The goal of efficient performance, ability to combine enterprising ambitions with the interest of a stable and viable family business have helped the bank’s founders – Aleksandrs Peškovs, Sergejs Peškovs, Oļegs Čepuļskis un Andrejs Kočetkovs – become successful businessmen. An ability to put customer interests first, emphasis on personal respect, exceptional professionalism and a tendency towards transformation are the values that Baltikums Bank maintains at all costs. Our unwavering adherence to these values has given our bank a reputation for meeting the highest standards, looking forward to change, and recruiting the best of the best into its team. Today, we are convinced that these values continue to play an ever larger role. We are aware that our joint success today and tomorrow hinges on our ability to apply our principles in practice.
Baltikums has been engaged in the investment business since the beginning of private enterprise in Latvia in the 1990s.
At this time, major opportunities presented themselves for new business in Latvia, Europe and CIS countries. Local entrepreneurs Aleksandrs Peškovs, Sergejs Peškovs, Andrejs Kočetkovs and Oļegs Čepuļskis united to make a common investment in the international shipping business, logistics, and trading in premium products and cotton. This period also accounts for investment in asset insurance and management. A financial company (the future head of the entire Baltikums Bank Group – BBG AS) was purchased from a foreign bank. By the late 90s, Baltikums had established itself as a dynamically expanding financial and insurance business in the Baltics, having 20 offices and a staff of more than 300.
Baltikums Bank, made by entrepreneurs for entrepreneurs, was established in 2001 after the shareholders sold off their non-core assets. The bank’s activities developed along three key areas: consulting, banking and investment business. The bank caters primarily to the interests of high net worth individuals and entrepreneurs. An international network of partners was established and activities were expanded abroad, by opening a branch in Cyprus and representative offices in Kazakhstan and the Ukraine. Our regional presence continues to expand. High-quality service, a solid financial basis and skilful risk diversification have been able to protect the bank from losses during the late-2000s global economic crisis. Throughout these tough several years, Baltikums Bank continued to protect, preserve and multiply the fortunes of its customers, earning ever greater trust.
Address : Maza Pils iela 13, Riga, LV-1050, Latvia.
Website : www.baltikums.com, Phone number : 371-6703-1311
6. JSC Latvijas Kraj Banka -
Pursuant to the decision of the Riga Regional Court dated 23 December 2011 AS "Latvijas Krājbanka" was declared insolvent, and SIA "KPMG Baltics" was approved as the insolvency administrator. According to the (1) part of Section 161 of the Credit Institution Law after a credit institution has been declared insolvent, the administrator has all the duties, rights and powers of the administrative institutions and the heads of such institutions, provided for by law and in the articles of association of the credit institution.
Address : Ganibu dambis 17A, Riga, Latvia1045.
Website : www.lkb.lv, Phone number : 371-6709-2020
7. JSC Rietumu Banka -
JSC Rietumu Banka or Rietumu Bank is one of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals. The Bank is well represented in the global market, providing services to customers all over Europe, the Baltic States, Russia, Ukraine, Belarus, and other regions.
Rietumu Banka in Brief :
- One of the first private banks in Latvia
- Over 20 years of operation in the Baltic States, Russia, Ukraine, Belarus, and numerous European markets
- Representative offices in France, Russia, Romania, Ukraine, Belarus and Kazakhstan
- Financial leasing services in Russia, Ukraine, and Belarus
- Headquartered at the most advanced office building in Latvia: Rietumu Capital Centre
- Full service for regional and international trade
- Wide range of savings and capital growth programs
- Private banking services
- Contemporary banking technologies
- Reliability and privacy
- Highly professional team
- Services provided in English, Latvian, Russian and French.
Address : Vesetas 7, Riga, LV-1013, Latvia.
Website : www.rietumu.lv, Phone number : 371-6702-5555
8. Multi Banka -
SMP Bank was established as AS "Multibanka" and registered in April 1994. AS "Multibanka" predecessor - Latvian branch of the Bank for Foreign Economical Affairs of the USSR - was founded in 1988, however it was nationalized in 1991 and became the Foreign Operations Department of the Bank of Latvia. AS "Multibanka" merged with Joint Stock Company "LNT Skonto Banka" in 1995. The Bank became the member of S.W.I.F.T in 1995, allowing using Reuter's information system, thus ensuring technical support of FOREX and Money Market operations.
The Bank acceded to EUROPAY INTERNATIONAL in November 1996, later (in 2002) renamed as "MasterCard International". Owing to this cooperation AS "Multibanka" is able to offer to customers a wide range of the payment card products.
The Bank is a member of the Association of Commercial Banks of Latvia, Riga Stock Exchange and Central Depository. The Bank's headquarters is located in Riga, howerer branch office and accounting groups are operating in the capital of Latvia and in the largest cities like Daugavpils, Liepaja, Ventspils, Saulkrasti, Olaine, Jelgava, Sigulda, Jurmala, Lubana. Since 2011 another branch office and one accounting group of the Bank is launched in Vilnius (Lithuania), and accounting groups in Kaunas, Klaipeda and Shaulyai (Lithuania). The Bank has representative offices in foreign cities like Kiev (Ukraine) and Moscow (Russia). The official auditor of the Bank is company KPMG. Equity capital of the Bank initially was LVL 300 000,-. Due to several share emissions the equity capital has been increased up to LVL 9 006 000,-.
Performancet ot the Bank is characterized by gradual, without acute fluctuations, growth of all the qualitative and quantitative performance ratios. Bank takes a stable positions in Latvian financial services market. Bank complies with all legislative requirements and norms related to business activities as well as to preventing money laundering and financing terrorism. The Bank is expanding it's business activities in line with the business strategy that is targeted at increasing domestic customer base. Bank focuses mainly on small and medium size corporate customers, operating in such areas as construction, forwarding and transhipment services, and trade, as well as tourism. On June 17, 2008, Bank has been officially registered under the name of AS "SMP Bank". These changes result from the acquisition of the Bank by СМП Банк (Commercial bank "Severniy Morskoy Put"), headquartered in Moscow, Russian Federation, which came into effect on May 6, 2008.
The main customers groups of the Bank are :
- small and medium size Latvian companies, including those, involved in international trade (intermediary services), export-import cargo transportation
- physical persons (residents and non-residents)
- small and medium size companies from OECD and Baltic region having their business counterparts or investments in Latvia or CIS countries, as well as physical persons related to the above companies
- small and medium size Eastern-European and the CIS countries companies, providing trade and transit services in the Baltic Region as well as physical persons related to the above companies
The Bank offers a wide range of services typical of an universal bank in the Baltic region.
Mission
The mission of AS „SMP Bank" is to offer a wide range of high quality financial services to customers, based on advanced technological platforms, combined with individual approach to each Customer's needs. Business of the Bank is targeted at long-term, mutually beneficial cooperation and stable development, facilitating growth of business connections and international cooperation in the region. Professional level of banking operations and Bank's experience is aimed at ensuring an increased level of customers' welfare and business development.
Address : 57 Elizabetes str., Riga, LV-1772, Latvia.
Website : www.multibanka.com, Phone number : 371-6701-9153
9. National Bank of Latvia -
The Bank of Latvia, the country's central bank, is an independent institution that sets and executes monetary policy, manages the foreign currency and gold reserves, emits cash currency and ensures the functioning of the interbank settlement systems, and aggregates financial statistics. The Bank of Latvia is a participant in the system of European Central Banks. As a result of a national competition of ideas, it was decided that the Latvian 1 euro and 2 euro coins would feature a historic symbol: the profile of a Latvian folk maid, an image used on the silver 5 lats coin. 10 cent, 20 cent and 50 cent coins would feature the large coat of arms of the Republic of Latvia, whereas 1 cent, 2 cent and 5 cent coins would depict the small coat of arms of the Republic of Latvia. Governor of the Bank of Latvia Ilmārs Rimšēvičs started the minting equipment at the mint in Stuttgart, Germany, thereby launching the minting of Latvian euro coins.
Address : K. Valdemara street 2A, Riga, LV-1050, Latvia.
Website : www.bank.lv, Phone number : 371-6702-2300
10. Norvik Banka -
Our goal
Being one of the leading Latvian banks and saving important role in the Baltic market, providing a full range of services and look for growth opportunities in the clients' needs and find appropriate service provision.
Our Mission
Act as an innovative, customer-oriented northern bank of delivering high quality banking services and the performance of their duties as a reliable and socially responsible business partner.
Our Values
- satisfied and loyal customers
- high quality products and services
- well-organized bank's internal processes
- qualified staff
- continuous improvement
Their work so as to be as accessible to their customers. We are actively working on new product development, by focusing on the quality of service offered, while thinking of favorable rates and customer convenience.
Our traditions
- The safety and versatility
- modern range of services
- available tariffs
- remote access to accounts of day
- high service standards
Address : Latvia, Riga, E.Birznieka-Upisa 21.
Website : www.norvik.lv, Phone number : 371-6704-1100
11. Regionala Investiciju Banka -
The successful development and positive growth of the Bank in 2012 is demonstrated by its profit of LVL 1.54 million. During the reporting period, the Bank’s assets and deposits increased and reached the highest level within the history of the Bank’s operation. On 31 December 2012, the Bank’s assets reached LVL 340.48 million and have grown by 43.6%. During this period, the Bank’s deposit portfolio grew by 41.8% and was LVL 304.9 million on 31 December 2012. In 2012, improvement of the quality of the credit portfolio was set as one of the Bank’s priorities, therefore the size of credit portfolio decreased by 13.1% in comparison with 2011 and was LVL 72.83 million on 31 December 2012. In March 2012 changes were introduced to the Bank’s Council - the composition of the Council was changed, and currently the Bank’s Council has 5 members.
The most recent changes to the Bank’s shareholder composition took place in December 2012. Moreover, the Bank’s core capital was increased by LVL 5.2 million, and the Bank’s total core capital currently is LVL 22.725 million. The Public Company Joint Stock Bank „Pivdennyi” is the Bank’s largest shareholder which owns 81.85% of shares. The number of Bank’s Customers has increased by 12% in comparison with the end of 2011, and the amount of outgoing transfers has also increased proportionally, i.e. by 12%. The number of payment cards in comparison with the respective period last year has increased by 20%. Moreover, the turnover of payment cards has increased by 32% and reached LVL 14.02 million in 2012.
In 2012, issuing of the World Signia exclusive payment card to the customers was launched, and already 9 customers are using this exclusive payment card via the Bank. In the first half of 2012, the Bank was actively involved in the implementation of a new “e-Broker” service, and as of July 2012, the Bank’s Customers who carry out transactions with financial instruments on daily basis can use the “e-Broker” service which allows concluding transactions with company shares sold on NASDAQ OMX Exchanges in Riga, Tallinn and Vilnius without the mediation of the Bank’s broker.
Address : 2 J. Alunana St., Riga, LV-1010, Latvia.
Website : www.rib.lv, Phone number : 371-6750-8989
12. Trasta Komerc Banka -
...a unique philosophy
Trasta Komercbanka is a kind of a financial club for people aiming at success and non-stop development. Our financial solutions are "hand made" – with attention to your every wish and the ability to protect your interests as our own. New business contacts are made and old ones are secured. Your business borders and possibilities are expanded. We have the experience expected of the oldest bank in Latvia, TKB team professionalism and trusting relationships with every Client as the foundation of our job, as well as…
...a fresh look upon things
We do not want you to be dependent on a standard financial services package, however good it is. Our services are created exclusively for you, and we greet unusual problems with pleasure. It is said that education means studying the rules and experience meand studying the exclusions. This is so, and we are able to study your wishes and try to see the situation from your point of view. Your Private Banker manages this process. He is the one to point the bank’s resources in the right direction to resolve any problem and make solutions that always have your interests in the centre. We understand how important this is; after all, it is in our power not only to offer you financial services, but also to insure…
...the realization of your ideas
Every well-organized business foresees the possibility of further development. We know that you expect from us something more than just financing - understanding, support and successful realisation of your dreams. That is why we regularly expand our trade financing services, allowing us to ensure the best deals, to reduce your expenditure and to increase your profit. We understand how important it is that your bank foresees the situation in the fast changing market and offers professional help with your planning. A clear investment policy and the expert experience of our bank helps our clients to orient themselves in the market and to manage their money effectively. And we do not forget that business for you is…
...geography with no borders
Our clients’ horizons are not defined by national borders, but by their needs and future plans. Our foreign representative offices provide you with professional support in new places, ensuring that any deal or financial operation has profitable terms for your business. Away from traditional bank buildings and hours, the Internet Banking system Trast.Net and Phone Banking are working for you. These are modern, time-approved Bank remote access servicing tools.
Trasta Komercbanka is an international bank, we are flexible and we can create special finance solutions for you and your business!
Address : Palasta Street 1, Riga LV-1050, Latvia.
Website : www.tkb.lv, Phone number : 371-6702-7777
Lebanon
1. Al Baraka Bank -
Al Baraka Bank Lebanon S.A.L. was founded in 1991 and operated under a commercial banking license until 2004 when an Islamic Banking Law was instituted and the Bank obtained an Islamic banking license. Its activities comprise retail and commercial banking in accordance with Islamic Shari'a principles. The Bank operates 7 branches. The success of the contemporary Islamic banking and finance movement owes much to the contribution and patronage of Sheikh Saleh Kamel, the founder of Al Baraka Banking Group. Although the Group is young as a single legal entity, its antecedents go back to the late 1960s, when Sheikh Kamel directed the devising of Islamic contracts for use in his business operations when dealing with conventional banks (there being no Islamic banks in existence at that time), which was his preferred route for doing business with them. This early insistence on strict adherence to fundamental Islamic principles was then quickly overtaken by the next stage of development when, in the early 1970s, Sheikh Kamel oversaw the establishment across the Arab world of a series of Islamic financial institutions bearing the Al Baraka name. Today, Al Baraka Banking Group brings together under one unified grouping the accumulated experience of 10 banks delivering Islamic products and services over three decades. We at Al Baraka Group are proud to look back on this heritage, whilst at the same time we keenly look forward to the next stage in our development, as we gradually expand into new regions and new markets and build a wider customer base.
As members of a banking group founded on Islamic principles and values, we at Al Baraka Group believe that we have a particular obligation to society, through patronage and sponsorship of educational and social projects, to enhance the living conditions and quality of life of needful individuals in the local communities of which we are part. In meeting this commitment to society we make all possible effort to apply one of the important philosophical pillars of Islamic banking: the concept of "construction of land", which means adding tangible value to assets. This concept has a direct relevance to the development of society and its social and economic progress and we seek to apply it through active investment mediation, which complements real and value-added production, and through the exchange of commodities and services, which enables us to offer practical alternatives to those financial intermediaries that provide no benefit to society at large.
We consider the role of CSR in our organisation to be essential to the application of the principles derived from divine power and on which our business activities in all the countries in which we operate are based. All our subsidiaries embrace Islamic ethical principles and apply them to their banking operations and services. These principles may be summarised as :
First: Investments may only be made in sectors and industries that meet ethical standards. The moral values of Islam dictate that Muslims must invest in the production of, and trade in, useful and beneficial goods only. They therefore forbid investment in such activities as, for example, contribute to the production of alcoholic beverages, tobacco or weapons, or are associated in any way with gambling, pornography or the abuse of children, women and minorities, or any other morally questionable practices.
Second: All Islamic banks and financial institutions eschew the payment of interest in their relations with depositors, consumers and businesses, as Islam prohibits the paying or charging of interest. Instead Al Baraka Group's banking subsidiaries, like all Islamic banks, accept deposits on an investment basis whereby depositors share with the bank in the actual results of the realisation of their investments. Financing is provided to businesses in turn mainly on the basis of instalment sale, leasing or equity participation. In this way, they and their depositors share the financial risk with the entrepreneurs and together they reap the benefits of the investments.
The prohibition of interest is to be found in the Qur'an and is fundamental to the ethical standards and core values laid out therein. Al Baraka Group's subsidiaries, as Islamic banks, firmly adhere to these core values by disallowing the charging or paying of interest, an essential difference between Islamic and conventional banks. Yet, customers of Islamic banks and other financial institutions generally share a similar experience to that of customers of conventional banks - who share profit with their depositors. The essential difference in Islam is that the practice of profit sharing is such that wealth creation is the result of a partnership between investors and entrepreneurs in which both the risks and the rewards are shared: returns on invested capital are based on profits actually generated rather than predetermined interest rates.
Third: All contracts entered into by Al Baraka Group's banking subsidiaries, and all their relations with businesses and depositors, must comply with the ethical standards of the Shari'a.
Address : Rashid Karameh Str.,Vardun, P.O BOX 113 5683, Beirut, Lebanon.
Website : www.al-baraka.com, Phone number : 961-1-748061
2. Banque du Liban -
The Banque du Liban was established by the Code of Money and Credit promulgated on the 1st of August 1963, by Decree no. 13513. It started to operate effectively on 1st April, 1964. BDL is a legal public entity enjoying financial and administrative autonomy. It is not subject to the administrative and management rules and controls applicable to the public sector. Its capital is totally appropriated by the State. The BDL is vested by law with the exclusive right to issue the national currency. As stipulated by article 70 of the Code of Money and Credit, the BDL is entrusted with the general mission of safeguarding the national currency in order to ensure the basis for sustained social and economic growth. This mission consists of the :
- Safeguard of monetary and economic stability
- Safeguard of the soundness of the banking sector
- Development of money and financial markets
- Development and regulation of the payment systems and instruments
- Development and regulation of money transfer operations including electronic transfers
- Development and regulation of the clearing and settlement operations relative to different financial and payment instruments and marketable bonds
The BDL is endowed by law, with the prerogatives to fulfill its mission. It can use all measures it deems appropriate to ensure exchange rate stability, specifically the intervention in the foreign exchange market by buying and selling foreign currencies. The BDL controls bank liquidity by adjusting discount rates, by intervening in the open market, as well as by determining credit facilities to banks and financial institutions. It regulates banks' credit in terms of volume and types of credit, by imposing credit ceiling, by directing credits towards specific purposes or sectors and setting the terms and regulations governing credits in general. The BDL imposes on banks reserve requirements on assets and/or loans as determined by BDL, as well as penalties should shortfalls occur. Investment in TBs may be considered by the BDL as part of the reserve requirements.
The BDL grants licenses for the establishment of banks, financial institutions, brokerage firms, money dealers, foreign banks, leasing companies and mutual funds in Lebanon. The Banking Control Commission controls and supervises these institutions. Conferring with the Association of Banks, the BDL issues circulars and resolutions governing the relations of banks with their customers. There is a regular coordination between the BDL and the Government in order to ensure consistency between BDL's objectives and those of the Government. Cooperation with the Government implies coordinating fiscal and monetary policy measures. It informs the Government on economic matters that might negatively affect the national economy and currency and suggests measures that might benefit the balance of payments, the price level, public finance and offers advice on how to promote economic growth. It also ensures the relations between the Government and international financial institutions.
Address : Masraf Lubnan street, P.o.Box 11-5544, Beirut, Lebanon.
Website : www.bdl.gov.lb, Phone number : 961-1-750000
3. Banque Libano Française -
Mission and vision
Banque Libano-Française is a Lebanese, universal, high-performing Bank, renowned for its professionalism and strength on the market. We aim at being a leading player and a reference in the banking sector in Lebanon.
Therefore, we are committed to constantly developing our skills to ensure expertise and quality of service, and maintain and strengthen the trust relationship with :
- our clients, who see us as a real partner,
- our staff, to whom we offer opportunities for self-accomplishment and a promising future,
- our shareholders, who benefit from an interesting return on investment,
the Lebanese economy, towards the prosperity of which we are strongly committed.
Values
- Integrity
- Competences
- Responsibility
- Humanism
- Engagement
Address : Riad El-Solh, Beirut, 1107 2060, Lebanon.
Website : www.eblf.com, Phone number : 961-1-791332
4. Blom Banque -
Constantly developing and improving its services, BLOM BANK Group provides universal banking services that meet all of its clients’ needs. These services include: Commercial Banking, Corporate Banking, Private and Investment Banking, Asset Management, Retail Banking, Islamic Banking, Brokerage Services and Insurance Products and Services.
As one of the oldest established banks in Lebanon, if not the region, BLOM BANK has always been at the center of the country’s banking system. Its universal banking services revolve around trust and credibility, built with its clients through long-term personal relationships, integrity, and the strong financial results that it has consistently delivered. And the bank’s renowned conservative management has paid off over the years: for decades, BLOM BANK has been among the most profitable and largest banks in Lebanon. It is proud to have become over the years its clients’ preferred banking partner and investment reference, meeting all their financial needs and ensuring their “Peace of Mind”. BLOM BANK is also proud to extend this “Peace of Mind” to the larger community, through its de-mining initiative the BLOM MASTERCARD “Giving Card”, its educational initiative “BLOM shabeb”, its safety educational program “ProtectED” and finally its recycling program towards a greener environment “Green Cycle”..
Throughout the years, BLOM BANK has also maintained a track record of exceptional performance that carried over to this year. BLOM’s operational and managerial efficiency has enabled it to maintain in Q1-2013 the lowest cost–to-income ratio among its peers at 38.3 percent, which helped generate a rise in its Q1-2013 profits to $87.12 mn. This also implied the highest return on average common equity among listed banks at 16.3 percent. In addition, assets increased to a total of $25.1bn and customers deposits increased to a total of $21.8bn at end of Q1-2013.
Moreover, despite a major reduction in the loan portfolio in Syria and a flat lending environment in Egypt, total loans in Q1-2013 increased by 6.6 percent to $6.1bn. In addition, BLOM BANK has the largest share of retail loans in the Lebanese market. The Bank also attained outstanding safety indicators, for gross non-performing loans to gross loans stood at 5.53 percent with a coverage ratio by special provisions of 63.4 percent, rising to 121 percent when accounting for real guarantees. Also, the liquidity ratio was 66.5 percent and the capital adequacy ratio 14 percent in Q1-2013. And the Bank maintains excellent financial ratings, including a BBB- rating from Capital Intelligence, the highest financial strength rating in the country.
Address : Rachid Karami St., BLOM BANK Bldg., Riad El-Solh, Beirut 1107 2807, Lebanon.
Website : www.blombank.com, Phone number : 961-1-753000
5. Byblos Bank -
Byblos Bank is one of the leading banks in Lebanon, and, increasingly, an invaluable partner for individuals and companies whose business takes them to other countries in Europe, Asia and Africa. With a presence in 12 countries and a growing reputation for helping clients manage their affairs in challenging environments, our record speaks for itself. Byblos Bank Group is a full-service financial institution that focuses on the domestic and regional markets while striving to offer world-class services to its customers, fulfillment to its employees, and economic benefit to the communities it serves.
What We Do
At Byblos Bank, we provide real banking for real life; it's a philosophy that informs everything we do. This means careful attention to the various ways in which we interact with our clients, the goal being to ensure that Byblos Bank products and services meet or exceed the constantly changing needs of the market. Byblos Bank is one of the leading banks in Lebanon, providing a full range of banking services through one of the country's largest branch networks. Through its overseas subsidiaries, the Bank also conducts a wide range of Commercial Banking and other financial activities in Europe and the MENA region. Byblos Bank's power and versatility are derived from adhering to the values associated with traditional banking – a conservative approach to risk, total commitment to the many overlapping interests of our customers, investors, and employees, attention to detail bordering on obsession, and boundless faith in hard work. Our adherence to these values reflects a determination to remain focused on what we know best: Consumer Banking, Commercial Banking and Capital Markets. Our values encourage us to constantly update our products and services in order to meet the diverse and evolving needs of our clients.
Our Values
- Integrity
- Performance
- Customer Focus
- Teamwork
Our Mission
The Byblos Bank Group is a universal institution that is focused on the domestic and regional markets while striving to offer world-class services to its customers, fulfillment to its employees, and economic benefit to the communities it serves.
Address : Elias Sarkis Ave., Ashrafieh, PO Box: 11-5605 Riad El-Solh, Beirut, Lebanon.
Website : https://applications.byblosbank.com, Phone number : 961-1-205050
6. Credit Libanais Sal -
Global Bank
Credit Libanais SAL, which aims to meet the needs of each customer throughout its lifecycle, operates as a global provider providing a full range of banking products and services channeled through an extensive network of 66 branches, an Islamic banking, a financial institution, a leasing and an insurance company subsidiaries in Lebanon, full-fledged branches in Limassol, Cyprus; Manama, Bahrain, Irbil and Baghdad, Iraq, and a Representative Office in Montreal, Canada as well as a banking subsidiary in Senegal, which paves the way for expansion in all eight states of the economic zone of West Africa.
The Bank also is a pioneer in the field of e-banking and reaps the benefits of a large network of international correspondents around the globe.
Bank's Ownership
Credit Libanais was established in July 12, 1961, as a Lebanese joint stock company. The Bank's ownership is split between EFG HERMES CL HOLDING SAL controlling 63.74% of the share capital and CIH BAHRAIN INTERNATIONAL HOLDING SAL with a 25.20% stake .The remaining 11.06% is owned by over 1,000 individual shareholders, including mainly executives and employees of the Bank, each with less than 5%.
Activities
The Bank offers its customers specialized financial products and services, through its activities and those of its numerous subsidiaries, a wide array of products and services, including retail, corporate, investment and Islamic banking, leasing, micro-finance, insurance as well as Small and Medium Enterprises (SMEs) funding. The Bank is a pioneer in e-banking services, operating a wide network of ATMs and POS, an advanced Call Centre and internet banking services that allow customers easily and securely access the Bank, wherever they may be in the global village. The Bank is a pioneer in the field of innovative technological services, including Internet banking, Customer Service Center, Phone banking, and Mobile banking. This strategy is in line with our customer focus policy which aims at providing customers with convenient access to the Bank from the privacy and comfort of their homes or offices. Credit Libanais also furnishes quality standards in capital markets and private banking products and instruments, traded on both domestic and international markets. The Bank is an active participant in the co-management of all sovereign Eurobonds issues and is considered a major market maker on the Lebanese fixed income securities market.
Cooperation and Partnerships
Credit Libanais has strategic cooperative partnerships with :
- numerous international bodies
- the Arab Trade Financing Program (ATFP)
- the Inter Arab Investment Guarantee Corporation (IAIGC)
- the Islamic Corporation for the Insurance of Investments and Export Credit (ICIIEC)
- the European Investment Bank (EIB)
- the Saudi Development Program (SDP)
- the International Finance Corporation (IFC)
To offer you a professional edge, Credit Libanais also teams with Kafalat sal to provide competitive financing schemes for Small and Medium Enterprises operating in the industrial, tourism, agricultural, technological and traditional crafts sectors. In addition to all this, the Bank has an alliance with Berytech, Lebanon's leading incubator, in an endeavor to promote, develop and maintain venture capital operations (mainly start-ups) in Lebanon.
Philosophy
At Credit Libanais, we aim to become the bank of choice for clients and banking professionals in Lebanon. In light of this, we continue to enhance our already established reputation as a successful and innovative financial institution which embodies the core values of customer focus, teamwork, quality, and performance.
To succeed in our corporate mission, we have developed a new approach to servicing retail customers and marketing our many products. We have turned each branch into a one-stop-shop that offers you a wide variety of products and services to meet your specific needs. In conjunction with this, we also offer our corporate clients personalized attention via assigned Relationship Managers who provide tailor-made solutions to meet their needs.
Credit Libanais has re-aligned our organizational structure to enhance our customer-centric approach to banking. Our new structure fosters decentralization of responsibilities and properly defines the relationship and accountability among business units.
Credit Libanais will continue to maintain a leading position in technological developments and the credit card enterprise. In this way, we will develop further our core business activities by emphasizing both fee-based and non-interest income. We believe that employees are our most valuable assets. Teamwork and cooperation among divisions are key to delivering superior quality service. Our culture is performance-based allowing each unit to set its business objectives and align rewards with performance.
The firm perseverance and diligence of Credit Libanais's team (from management to junior employees) are the solid foundations the Bank builds on for sustainable growth and a promising future for stakeholders and employees alike. A future that sees the Bank as one of the best performing banks in the industry with the highest standards of quality services that satisfy clients in Lebanon and worldwide.
Address : Sofil Center, Charles Malek Avenue, P.O.Box 16-6729 – Ashrafieh, 1100 2811, Beirut, Lebanon.
Website : www.creditlibanais.com.lb, Phone number : 961-1-200028
7. Fransa Bank -
Fransabank Group banking and finance legacy dates back to more than nine decades of excellence supported by its very responsible role in the multi-dimensional development of the economies and communities it serves. The Group has succeeded in establishing, developing and consolidating a competitive edge that earned it a leading position amongst the Lebanese banking community and the countries into which it expanded. Today, Fransabank Group has a consolidated presence in nine countries: Lebanon, France, Algeria, Syria, Sudan, Belarus, Cyprus, Libya, UAE (Abu Dhabi) and very soon in Iraq. The Group also ranks first in terms of local branch network with 116 branches strategically spread all over the country, providing the Lebanese community with all types of banking products and services to satisfy their personal and professional banking wants and needs. Fransabank Group succeeded in positioning itself as a forward-looking, trustworthy, dynamic, innovative, creative, and socially responsible leading financial Group that has been providing top-notch financial services to its clients in particular and to the banking industry at large, while always putting the client at the heart of all its activities. Fransabank Group offers its large clientele universal banking services mainly through its main commercial bank, Fransabank SAL, and its local and overseas subsidiaries and associates.
Mission
We are committed to :
- Consolidate and expand our presence in selective regional and international markets
- Adopt and implement the highest international banking and finance norms and standards, corporate governance, and diligent compliance practices
- Exceed our customers’ expectations and fulfill their needs and demands
- Strive for distinguished quality service for our existing and potential customers
- Promoting the entrepreneurial flair, decision-making and teamwork within our Group
- Generate increasing value for our shareholders in a dynamic manner and on solid sustainable grounds
- Align responsible business practices and social investments to create long-term value and sustainability for our Group and for its communities.
Values
- Integrity
- Loyalty
- Accountability
- Transparency
Address : Riad El Solh Beirut 1107 2803, Lebanon.
Website : www.fransabank.com, Phone number : 961-1-734000
Libya
1. Aman Bank -
Aman Bank started as a Libyan shareholder company owned by the private Libyan sector. The idea of establishment came after Central Bank of Libya gave permission to establish private commercial banks. Aman Bank was one of the first banks that started operating during that time in accordance with Banking Law no.(1/1993) which was later replaced by Banking Law no.(1/2005) which defines in Article (65) the authorized activities allowed to be performed by any commercial bank in Libya. Aman Bank for Commerce & Investment was established in 2003 under permit no.(140) issued by the Minister of Finance with approval from Central Bank of Libya in accordance with Banking Law no.(1/1993).
Capital and Shareholders
Aman Bank’s capital started with 10 million LYD in 2003 with 3,300,000 LYD as paid capital which was increased later to 10 million then to 33,340,000 LYD. Since the development of the Aman Bank is a consistent goal of its founders whether in terms of financial position or expanding its services and competition capabilities, in 2010 Aman Bank entered into a strategic partnership with Banco Espirito Santo from Portugal, one of the largest banks in Europe, increasing Aman Bank’s capital to be 100,020,000 LYD. Aman Bank now is 40% Portuguese own by Banco Espirito Santo, and 60% Libyan owned by the Libyan private sector. The Portuguese partner is in charge of the executive management and represented by four members in the Board of Directors alongside with three Libyan Board members including the Chairman. Now Aman Bank is part of the international BES Group.
Website : www.amanbank.ly, Phone number : 218-21-3350219
2. Bank of Commerce & Development -
Introduction
Incorporated according to Law No. (1) year 1993 as amended for Banks Monetary and advances as follows.
Secretary Peoples’ Committee of the Planning and Financial Decision No. (234) for Year 1423 M.
Secretary Peoples’ Committee of Planning, Economics and Commerce No- (529) for the Year 1424 M.
Commercial Regulation under No. (9515) dated 09/11/95.
The Bank officially inaugurated on 09/06/96. Joined as a member of Union of Arab Banks on 01/05/96.
Joined as a member of Union of Magreib Banks 30/05/98. Joined as a member of Libyan Banks Association 10/08/96.
Capital
Authorized (LYD 50,000,000) Fifty million Libyan Dinars.
Paid (LYD 50,000,000) Fifty million Libyan Dinars.
Raising the Capital
The Bank of Commerce & Development Capital was decided to be raised to the value of fifty million Libyan Dinars
by offering new shares in the market.
Shareholders
2462 Natural Persons
35 Juridical Persons (Public and Private)
Exchange Rate: (1) one US Dollar = 1218 Libyan Derham
Address : Eastern Dawud, Benghazi, Libya.
Website : http://www.bcd.ly, Phone number : 218-61-9080230
3. Libyan Foreign Bank -
Libyan Foreign Bank (a Libyan Joint Stock Company) was established under lwa No. 18/1972, and is subjected to Law No. 1/2005 on banking, the commercial law and its amendments and related regulations. The bank is a corporate body having independent financial status and its assets only consulting guarantee to its liabilities. LFB operates through its head office in Tripoli - Libya. The purpose of the bank is represented in overseas investments and banking activities and complementary and related financial activities. The bank practices the activity of opening accounts and accepting deposits from abroad and non-residents, in addition to banking and financial transactions with commercial local banks and any related banking activities licensed by Central Bank of Libya.
LFB started exercising its activity in the year 1972 with a paid up capital of 20 million Libyan Dinars (equivalent to 67.4 million USD). At the beginning of the year 2006 the paid up capital of LFB has increased to 1 billion USD. On 29/12/2009 the extraordinary general assembly meeting of shareholders of LFB decided to increase its capital to 2 billion USD as per decision No. 1 for the year 2009. Furthermore, the extraordinary general assembly meeting of shareholders of LFB decided in its meeting dated 21/02/2010 to increase its capital with another 1 billion USD as per decision No.2 for the year 2010 and with this increase the paid up capital of LFB amounts to 3 billion USD with an authorized capital of 8.7 billion USD divided into 87 million shares at a value of 100 USD per share.
Address : Tripoli Dat El Imad Administrative Complex, Libya.
Website : http://lfbank.ly, Phone number : 218-21-3360054
4. Mediterranean Bank -
Mediterranean Bank was established in 1997 under the name of National Bank of Benghazi and began providing its audience on 03/24/1997 P has begin its work through one branch there in Benghazi with a capital of 900,000 d. fully paid for , which represents three-tenths of its subscribed capital. 3000000 d.'s "only three million dinars," according to a foundation and its statute and is worth noting in this regard that the bank has distributed dividends to shareholders since the first budget, which was dated 12/31/1998 P Upon the issuance of Law No. (1) for the year 2005 and to meet the requirements of the terms of this law, the name change to the Bank of medium and raise the authorized capital. 33333000 d.'s door was opened to contribute to the capital of the bank and which met with a good turnout of citizens as the volume of capital in 31/12/2005 in the amount. 3000000 d.'s On 31/12/2006 $ 0.8381386 d.'s On 31/12/2007 P amount. 12,058,976 d.'s which confirms the good numbers prestige to our bank in the Libyan market with the end of 2006 , specifically 03/12/2006 P. branch was opened Tripoli, the first branch of the bank outside the city of Benghazi as well as Gary currently working on opening another branch in Tripoli and a branch in Misratah and the branch's second city of Benghazi and all these branches were purchased headquarters of her under the modification and processing is expected, God willing to start at the all soon
Address : Al – Jala A Road – Abu-Sitta, Tripoli, Libya.
Website : www.meditbank.net, Phone number : 218-21-3408659
5. National Commercial Bank -
National Commercial Bank Libyan company contribution to total capital of 500 million Libyan dinars, established under the provisions of Law No. 153 of 1970 dated 22.12.1970, one of the financial institutions Libyan knighted since its inception to provide the best banking services to its customers, from individuals, companies and institutions , as a contribution to the renaissance of our beloved country, and in line with that seen in the banking industry in the world of developments in the field of information technology and services, direct and indirect, through bank branches, which amounted to 64 branches, and in pursuit of us for success and excellence make us the slogan our bank trust and confidence so that is our goal Our goal which Nspo. The National Commercial Bank today one of the largest banks operating in Libya, where he achieved record growth in the volume of assets during the year 2007 amounted to 7.070 million, an increase of 2.637 million, and by 59% compared to the previous year's results. , And this is due to the spirit of teamwork and enthusiasm and pursuit of by Aladarhmozvin towards excellence and provide the best in services, has reached the budget, including the contra accounts 11,669 billion dinars, an increase of 117% from last year.
On 31/8/2009 has achieved the Egyptian strong growth budget stood at 15.387 billion dinars, or 25% increase from the end of the first quarter of 2009. The bank's assets grew strongly compared to commercial banks operating in the Libyan market represents 15% of total banking assets in December 2008 and became 16% in the spring of 2009 and increased in terms of growth became 18% in the summer of 2009. Total deposits grew strongly compared to deposits in the Libyan market, where she was representing in December 2008 to 16% it reached in the summer of 2009 to 19%.
- Achieved a net profit of 106 million dinars for the growth rate of up to 187% compared to the end of the first
quarter of 2009
- Achieved strong growth in commissions item amounted to 36 million dinars for the growth rate of up to 57
compared to the end of the first quarter, and this is something that shows the improvement and quality of
services provided.
- As for the item other than interest income and commissions of foreign currency sales and corporate contributions have won strong growth, amounting to 9.8 million, representing 6% of total operating revenues.
The Bank financed various projects in order to contribute to the development of the national economy in addition to that the bank offers all the traditional banking services offered at commercial banks, along with a series of new products began to deal during the 2008 serve all slides that deal with the bank, including ATM services, and remittance services rapid money and mobile phone services and the easy credit product. As has been thrown ATM "cards, the national growth" and work is underway to start issuing Visa cards.
Aspirations :
To become the National Commercial Bank label customers in the banking market Libyan and work the bank to build strong relationships with its customer base, taking advantage of the quality of services and product offerings to increase the market share of assets even occupy bank status "owed" Fethiye Libyan market and improve the profitability of assets through a mixture assets better balanced and enhancing network coverage through the opening of new branches and the transfer of some branches of current and authorization structure Altnzia powers to lead the operations and commercial activities effectively and exploit business opportunities and alternative benefit from the competitive advantages that already exist, and this is done through six key areas, namely: customer service - Products - CHANNELS - credit operations - organizational structure - infrastructure for information technology.
Address : National Commercial Bank Building, Al Ourouba, Street 543. Al Bayda, Libya.
Website : www.ncb.ly, Phone number : 218-21-3337191
Lithuania
1. Bank of Lithuania -
The role of the Bank of Lithuania is very important for the country’s economy and financial system, therefore the Bank of Lithuania is included among the most important state institutions in the Constitution of the Republic of Lithuania.
Our mission : to ensure the sustainability and integrity of the state’s monetary, credit and payment systems and their stable, reliable and efficient functioning, thus creating favourable conditions for the optimal development of the national economy.
Objective : The Bank of Lithuania is the central bank of the Republic of Lithuania. Its principal objective is to maintain price stability. In seeking its principal objective, the Bank of Lithuania is independent from the Government of the Republic of Lithuania or other institutions of the state.
Litas banknotes and coins
Only the Bank of Lithuania has the right to issue and withdraw from circulation the litas banknotes and coins that end up in our wallets and are used as payment. Net litas reach the population through commercial banks. Based on the needs of the market, from the Bank of Lithuania the commercial banks regularly order a certain amount of litas and pick them up from the Bank of Lithuania’s storage facilities in Vilnius and Kaunas; when the need is reduced—the litas are returned to the Bank of Lithuania’s repositories. Litas banknotes that are in circulation are printed by a well-known European printing. Litas and centai circulation coins are minted at the UAB Lithuanian Mint, located in Vilnius.
Monetary policy
The Republic of Lithuania’s central bank formulates and implements monetary policy, establishes the litas exchange rate regulation system and sets the official litas exchange rate. Lithuania applies a fixed exchange rate strategy. Due to the fixed exchange rate, in the long term it supports stable import and export prices, anchors low inflation expectations, supports increased confidence in Lithuania’s economic policy. As we know, before, the litas was pegged to the U.S. dollar, but since 1 February, 2002, it has been pegged to the euro.
Foreign reserves
The Bank of Lithuania has accumulated a large amount of foreign currency and gold reserves. Income from investment in them is allocated to ensure litas stability, to finance the activities of the Bank of Lithuania and to supplement the state budget. Foreign reserves are safely invested only in high credit quality financial instruments in economically developed countries. A large portion of the foreign reserves (about 97%) is held in euros, while the remaining portion is made up of gold. All of the gold of the Bank of Lithuania (about 5.8 tonnes) is held at the Bank of England in London.
Supervision of banks, insurance companies, credit unions and other financial institutions
The Bank of Lithuania issues permits and licenses for the financial market participants to operate. The goal of licensing is for the country’s financial markets to be operated by reliable, transparent and financially able market participants, while their leaders would be competent and of good repute. The Republic of Lithuania’s central bank monitors the financial market players and evaluates their compliance with the defined requirements and prudential guidelines, applying sanctions if they violate existing law. Supervision of the financial market participants aims to ensure that they have adequate capital and be liquidatable, that the risk they assume would be properly managed.
The Bank of Lithuania shall ensure that financial market participants provide services honestly, fairly and professionally, taking measures to increase the financial literacy of the public.
Investigation of disputes between consumers and financial services providers
The Bank of Lithuania impartially investigates disputes between consumers and financial services providers over insurance, lending, payment, investment and other financial services, including disputes relating to accounts, deposits in banks or other credit institutions. Having established that the financial services provider has adopted an unjustified decision, the Bank of Lithuania provides recommendations on how to settle the dispute. Disputes between consumers and financial services providers are investigated free of charge by the Bank of Lithuania.
Payment and securities settlement systems
Safe transfers of company, institution and public funds from one bank to another, as well as other financial transactions, require a reliable payment system. The Bank of Lithuania has developed and manages two payment systems for payments in litas. In one of these systems, payments are processed in real time, in the other—four times a day. For payments in euros to run smoothly, the Bank of Lithuania participates in the European payment system TARGET2.
Economic and Financial System Analysis, Forecasts, Statistics
The Bank of Lithuania performs analysis of the country’s economic and financial system, prepares financial stability reviews, foresees the potential threats to Lithuania’s financial system, predicts the possible economic development prospects. This information is regularly published publically.
Address : Gedimino pr. 6, LT-01103 Vilnius, Lithuania.
Website : www.lb.lt, Phone number : 370-5-268-0029
2. Swedbank Lithuania -
Swedbank is a modern bank firmly rooted in Swedish savings bank history. We are an inclusive bank with 7.6 million private customers and more than 600 000 corporate and organizational customers. This makes us Sweden’s largest bank in terms of number of customers and gives us a leading position in our other home markets of Estonia, Latvia and Lithuania. As a major bank, we are a significant part of the financial system and play an important role in the local communities we serve. We are dedicated to helping our customers, our shareholders and society as a whole stay financially sound and sustainable. We work hard to develop close, long-term relationships with our customers. Swedbank therefore has an extensive retail network and well-developed telephone, internet and mobile services.
Our customers should always feel secure that the advice we give is in their best interests, and is not based solely on our products. When we develop products and services, the goal is to create something that will benefit customers in the long run – and us as well. Swedbank employees uphold the bank’s values of being simple, open and caring. On a daily basis this means, among other things, that our services and advice must be understandable to everyone and that we keep our promises. Swedbank shall have a robust balance sheet that can withstand economic fluctuations. Evaluating and managing risks is part of what we do every day. We achieve a solid risk spread by having a broad customer base of private individuals and companies in many different industries and through a sustainable balance between deposits and lending in our home markets.
Address : Konstitucijos pr. 20A, LT-03502 Vilnius, Lithuania.
Website : www.swedbank.lt, Phone number : 370-5-268-4444
3. SEB Bank -
Skandinaviska Enskilda Banken AB (SEB) (Scandinavian Private Bank) is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard. The bank was founded by and is controlled by the Swedish Wallenberg family through their investment company Investor AB. In 1972, Stockholms Enskilda Bank (established in 1856 by André Oscar Wallenberg) and Skandinaviska Banken (established in 1864) merged to form SEB. Reasons for the merger included creating a bank better positioned to serve corporate clients and to fend off competition from major international banks.
Address : Gedimino ave. 12, LT-01103 Vilnius, Lithuania.
Website : www.seb.lt, Phone number : 370-5-268-2800
4. Bank Snoras -
Bankas Snoras AB or simply SNORAS (OMX: SRS1L, OMX: SRS2L) was a commercial bank, founded in Lithuania operating in all three Baltic states. It was a member of the financial group Konversbank and was listed on the NASDAQ OMX Vilnius stock exchange. On November 16, 2011, 100% of the bank shares were nationalized by the Lithuanian government and the bank was placed into temporary administration. On November 24, the bank was declared bankrupt. It had 4 billion Litas in debt. Bankas Snoras AB was founded 1992 as a regional bank of Šiauliai and renamed to its current name in 1993. It was recognised as the best bank in Lithuania in 2006 by financial publisher The Banker.However, an inspection at the bank in November 2011 revealed poor asset quality, weak risk management and lack of proper operating data. The check also revealed that the bank has ignored the central bank's recommendation to reduce operating risks.
Address : 7 A.Vivulskio Str. LT-03221 Vilnius, Lithuania.
Website : www.snoras.com, Phone number : 370-5-239-2239
5. Turto Bankas -
In a year 1995 Lithuania had bank crisis and in order to make it less harmful The parliament of Lithuania with The Government of Lithuania adopted Law of reorganization of 1996 year June 4 of “Aurabank” on the basis of this law this commercial bank was reorganized into non capable asset management company Turto bankas. The statues of Turto bankas( Bank of Property) were confirmed on year 1996 August by The parliament of Lithuania.
On year 2011 february 9th The Government of Lithuania took the decision No. 149 on the basis that Turto bankas would be transformed into state enterprise Turto bankas. All functions by Turto Bankas performed were deputed by separate laws, the decisions of Government, and you could clearly see the rights and obligations, and restrains of activities of Turto Bankas while performing exact functions.
Main activities of Turto bankas nowadays are organizing the real estate property renewal and the debt collection for the Government. Turto Bankas was issued coordinating functions and organization of the renewal, based on the law of Republic of Lithuania and Municipality asset management, use and disposition article 16(1), accordingly coordinate real estate of government, if it does not comply with the needs of public companies, institutions or organizations while accomplishing the functions of the government. The renewal is performed in accordance with list of Renewal of real estate confirmed by Government.
While acting In debt recovery for the Government Turto Bankas is performing loan recovery, granted by the name of State, when the funds were borrowed, guaranties granted by State and when the debts arise to State; administrating commercial banks that were claimed and taken over by Government, and for the stock of Government, that were bought, realization of incapable assets, the recovery of tax arrears for The Public Tax Inspection and The department of Customs, when the Financial Aid of the European Union used while breaching laws, the recovery of the debts to the Fund Of Guaranties and other Public Institutions accordingly with the requirement rights. The result of the activities of the Turto bankas to the State is 1,2 billions of recovered debts.
Address : Kęstučio g. 45, LT-08124 Vilnius, Lithuania.
Website : www.turtas.lt, Phone number : 370-5-278-0900
Luxembourg
1. Banque J. Safra Sarasin -
The family-owned Safra Group is a highly regarded name in global Private Banking with a successful long-standing history. In addition to the companies of the J. Safra Sarasin Group, Banco Safra, Brasil, as well as Safra National Bank, New York, US, belong to the Safra Group. The ownership by the Joseph Safra family provides the companies of the Group and its clients with stability and a consistent long-term approach. All companies of the Safra Group are built on a strong financial foundation. As of December 2012, the Safra Group had aggregate stockholder equity of approximately USD 12.9 billion and total assets under management of USD 200 billion. The Safra banks are in 156 locations worldwide, and have over 7,700 employees.
The banking origins of the Safra Family
In the financial sector, the past has an unparalleled importance in determining the present and providing solid guarantees for the future. It was the 19th century and the memory of Napoleon's military campaigns was still fresh in the minds of Europeans. The world was becoming well aware of the effects of the Industrial Revolution as the economies of Europe, the Mediterranean and North America flourished, all thanks to major inventions - the steam engine and electricity - and the movement of ships, caravans and now railroads that transported and sold agricultural products and the most diverse merchandise. Financing for this intense commercial movement came from bankers, who would one day become legends. Families like the Rothschilds in Europe, the Rockfellers later in America and the Safras in the Middle East began a lineage of financiers, laying the foundation for modern banking based on improved communication and the growing demand for trade between cities.
Particularly intense was the exchange of merchandise between the ports and cities of Europe, such as Paris, Nice, Marseille, Madrid, Barcelona, Naples, Trieste, Genoa and Venice with cities like Alexandria, Athens, Istanbul, Beirut, Damascus, Aleppo, Haifa, Tel Aviv and Jerusalem. In this region of the Middle East, members of one Jewish family, known for a long tradition of dedication to financing in gold, earning them, in turn, the Arab name for the color of the precious metal: Safra. One of the major centers of trade was Aleppo, a city in northwestern Syria. It was there that merchants and goods from the East and West converged. The city was also home to the Safra family, who with their cosmopolitan vocation financed trade and exchanged currencies from several different countries in Asia, Europe and Africa, including the Ottoman Empire's "para", the Venice's "zecchini" and the Maria Theresa's "thaler" as well as precious metal like silver and gold mainly. In Aleppo, Jacob Safra, the patriarch, was known for his exceptional ability to mentally calculate the conversion of several currencies as well as the financing costs for each and every one of his clients.
In the mid 19th century, Safra Frères et Cie. was founded in Aleppo, a bank bearing the name of the renowned family. In no time at all the institution earned fame and prestige throughout the Middle East, building a solid reputation as highly selective financiers. Safra Frères et Cie.'s strong expansion prompted the family to open branches in Istanbul, Alexandria and Beirut. Later, in the first half of the 20th century, Beirut was chosen to be the headquarters of the Jacob Safra Bank, founded by the patriarch of what would later become another generation of successful bankers. After World War II, Jacob Safra expanded his business to Europe and later to Latin America and the US. His offspring likewise gained prominence for their expertise in banking, continuing a long-standing relationship with a community of clients. Today, several of Jacob's grandsons continue the Safra family tradition in diverse economic areas throughout the many countries where the bank thrives.
Address : 10A, boulevard Joseph II, L-1840 Luxembourg.
Website : www.jsafrasarasin.lu, Phone number : 352-4547-811
2. Banque Carnegie Luxembourg -
Banque Carnegie Luxembourg is an exclusive private bank with a low risk profile focused on international asset management. The bank is a member of the Carnegie Group, whose head-office is situated in Stockholm. The Carnegie Group also has offices in Denmark, Norway, Finland, the UK and the US.
Our management philosophy is simple: we deliver advice through professionalism, transparency and integrity. Our clients are for the most part private individuals of Nordic origin with high net worth, residing all over the world, who demand excellent service and quality. Our competent and professional staff-members are Carnegie’s most important asset. We require responsibility, commitment and professionalism from our staff members. Carnegie group employs 800 staff members. In Luxembourg, there are only locally employed personnel; many of whom are from the Nordic countries, with long experience and broad competence in asset management and international private banking. Thanks to a small organization, the decision pathways are short and efficient.
We have our own specialists in interest-bearing securities, the international stock market, currencies and derivatives. By acting independently and drawing on a large network of outside experts all over the world, Banque Carnegie can offer its clients unique competence. Naturally we also make use of the experience and knowledge of the entire Carnegie Group in asset management and securities trading on the Nordic capital markets. It has always been the bank’s ambition to provide our demanding clients with highly personalized service and tailor-made solutions. It goes without saying that our clients have access to the full range of investment products, especially since we have an open architecture and are free to choose the best products on the market.
Address : 5 place de la Gare, L - 1616 Luxembourg.
Website : www.carnegie.lu, Phone number : 352-4040-301
3. Banque Centrale du Luxembourg -
The Banque centrale du Luxembourg (BCL) was founded by the laws of 22 April 1998 and 23 December 1998 as amended by the law of 13 July 2007, the law of 24 October 2008 and 10 November 2009. The BCL was set up at the same time as the European Central Bank (ECB). Its foundation represents the final outcome of long efforts in the context of the creation of the European Monetary Union (EMU, see also Eurosystem).
The State of Luxembourg is the sole shareholder of the BCL's capital for an amount of 175 million euro (25 million euro as at 31 December 2008). The capital increase has been realised by incorporation of reserves amounting to 150 million euro as at 1 June 2009. Its independence, however, is provided for by its founding law and by the Maastricht Treaty. The BCL’s contribution is important for the euro area and for the country. The Maastricht Treaty and the advent of the euro made the creation of a central bank necessary. The BCL is in charge of essential missions regarding monetary policy, the issuing of banknotes, financial stability, payment systems and even economic analysis.
Address : 2, boulevard Royal, L-2983 Luxembourg.
Website : www.bcl.lu, Phone number : 352-4774-4265
4. Banque de Luxembourg -
Founded in 1920, Banque de Luxembourg is one of the most important financial institutions in Luxembourg. With decisions made locally, it offers its independent wealth management expertise to clients based in Luxembourg and the rest of Europe. What sets us apart is our original approach to wealth management, which involves building an exceptional relationship with our clients. We advise on the financial decisions faced by clients at all the important stages of their lives from building up savings to inheritance-planning and project management. Our investment strategy focuses on performance consistency, investing for the long term and offering access to the best products on the market. The quality of our fund management approach and performance of our investment fund range win us numerous international awards every year. Building on the strength of our experience in wealth management, we offer our products, services and tools to independent professionals, particularly in the field of investment funds.
Address : BP 2221, L-1022 Luxembourg.
Website : www.banquedeluxembourg.com, Phone number : 352-4992-41
5. Banque Generale Du Luxembourg -
Founded in 1919, BGL BNP Paribas now occupies the position of market leader in its home market and has extended its business throughout the Grande Région, including the areas around Luxembourg's borders.
It has played an active part in Luxembourg's emergence as an international financial centre and is strongly committed to Luxembourg in terms of corporate sponsorship of both sporting and cultural events as well as sustainable development. In carrying out its business in the areas of Retail Banking, Wealth Management and Corporate & Investment Banking, BGL BNP Paribas offers a particularly wide range of services and products targeted at its individual and professional clients, as well as businesses and institutional investors.
In Luxembourg, BGL BNP Paribas holds the position of market leader for professional clients and SMEs, and is the second-largest bank for individual customers. It is also the undisputed market leader in bancassurance, in which it offers personalised solutions and banking services. BGL BNP Paribas has been part of BNP Paribas Group since May 2009. BNP Paribas is the leading employer in the financial sector and the second-largest employer in the private sector in Luxembourg, numbering today more than 4,000 members of staff.
Address : 50, Avenue J.F. Kennedy L-2951, Luxemburg.
Website : www.bgl.lu, Phone number : 352-4242-2000
6. Banque Internationale a Luxembourg -
Banque Internationale à Luxembourg SA provides retail banking, corporate and institutional banking, private banking, treasury, assets and liabilities management, and financial markets services primarily in Luxembourg, Singapore, and Bahrain. Its products and services include current management products, such as accounts, national transfers and eurotransfers, international transfers, permanent orders, direct debit, withdrawal banking cards, and personal credit cards; remote banking services, including net and mobile banking, SMS banking, trust, and zeropaper services; and housing services, which comprise mortgage, rental guarantee, mortgage insurance, and home insurance. The company also offers personal loans, overdrafts, and leasing services; saving products, including savings plus, instant access accounts, fixed-term deposits, short term and annuity certificates of deposit, capital growth certificates of deposit, and mortgage savings; and investments, such as shares, bonds, funds, saving in investment funds, and structured products. In addition, it provides tax deductible products comprise additional personal pension plans, Alizéa pension solutions, mortgage savings, and life assurance products, as well as Juvena, an investment in the form of life assurance; insurance products, including life, travel, mortgage, and home insurance products; and products for young people, such as bank accounts, savings accounts, student loans, and Juvena. Banque Internationale à Luxembourg SA was founded in 1856 and is based in Luxembourg. Banque Internationale à Luxembourg SA operates as a subsidiary of Precision Capital SA.
Address : 69 Route d’Esch, 2953 Luxembourg.
Website : www.bil.com, Phone number : 352-4590-1
7. Banque LB Lux -
The Banque LBLux SA is a 100% subsidiary of BayernLB , based in Luxembourg . It was established in June 1973 under Luxembourg law as a société anonyme established (SA). The focus of business activities is the international private banking and wealth management, and corporate banking for the Benelux region. These two operations are supported by its own Treasury Department. She is one focused on customer business, internationally focused euro bank. In addition, the Banque LBLux is a service provider for various locations of the BayernLB Group and for Luxembourg (group) companies. In addition, she is also active as a custodian, such as the Bavarian administered by Luxembourg SA or LRI Invest SA Fund. It is a conservative business and risk policy. All activities of the Banque LBLux subject to the policies of the Luxembourg financial regulator CSSF (Commission de Surveillance du Secteur Financier).
In 1973, Bayerische Landesbank International SA (Bayernlux), today Banque LBLux, founded with the business units euro lending, money market and foreign exchange and securities trading. From 1981, it begins to build up a private client area. This focused initially only on Germany and Belgium. 1986 refers to the bank on Boulevard Royal Luxembourg in their first own building. Finally, in 1989 its own corporate business is established. In the same year, Banque LBLux also assumes the regional responsibility for the Benelux for the BayernLB Group. Two years later, in 1991, the Bayernlux establishes its own fund company which Bayernlux Management Company SA (now Bavaria Luxembourg SA). 1994 refers to the present headquarters of the company in rue Jean Monnet on Kirchberg. The merger of Bayerische Landesbank International SA and Helaba Luxembourg - Landesbank Hessen-Thüringen SA creates LBLux In 2001, the same year the fund company is sold to BayernLB in Munich. In 2002 it was renamed the Banque LBLux done by 2009 were Bayerische Landesbank and Landesbank Hessen-Thüringen (Helaba) shareholder of Banque LBLux. Then, however, a reorganization of the ownership structure of its Luxembourg and Swiss subsidiaries took place and since 21 December 2009, the sole shareholder BayernLB LBLux. Banque LBLux also manages the product offering in the professional asset management for Bavarian savings banks. For the future it is planned that the Banque LBLux will continue its proven business model, which, however, was optimized as part of the patch in 2009 at Group level restructuring plan "Hercules". Thus, the two main divisions of the Bank, Private Banking & Wealth Management and Commercial Banking, concentrating even more on the direct customer business. In 2012 also the custodian activities were greatly expanded.
Address : 3, rue Jean Monnet, L-2180 Luxembourg.
Website : www.bayernlb.lu, Phone number : 352-4243-41
8. Credit Lyonnais Luxembourg -
Crédit Lyonnais is a historic French bank. In the early 1990s it was the largest French bank, majority state-owned at that point. Crédit Lyonnais was the subject of poor management during that period which almost led to its bankruptcy in 1993. It was acquired by former rival Crédit Agricole in 2003. Founded in 1863 in Lyon by Henri Germain, Crédit Lyonnais was the biggest bank in the world by 1900. It was nationalised in 1945, as was most of the banking sector in France after the war. Following a change of leadership and frantic expansion starting in 1988, the bank was the subject of numerous financial scandals, contributing to a huge debt of around 150 billion French francs (nearly €23 billion). This was caused by directors exaggerating investments and by problems with the bank's subsidiary companies.
Crédit Lyonnais became the leading lender to Hollywood studios in the 1980s. It also financed Giancarlo Parretti's takeover of Metro-Goldwyn-Mayer in 1990 for $1.25 billion. However, Paretti started looting the company, fired most of the accounting staff, appointed his 21-year-old daughter to a senior financial post, and used company money to buy presents for several girlfriends. By June 1991, CL had had enough: under the terms of an April agreement that gave it control of Parreti's MGM stock, it fired Parretti and began a lawsuit against him. However, CL soon faced intense scrutiny for its dealings with Parretti. Overall, CL lost $5 billion from its Hollywood deals. The bank avoided financial disaster by moving its debts and liabilities into a new state-owned company, Consortium de Réalisation (CDR). The creation of the CDR was highly controversial, as many did not believe that the French government should have bailed out the bank. The CDR notably agreed to pay US$525 million to the California Department of Insurance in order to head off a lawsuit over the Executive Life insurance scandal.
To allow the bailout, the European Commission imposed severe limitations, principally on the bank's international activities, and the bank was forced to sell many entities in the following years. On May 5, 1996 a major fire destroyed much of Crédit Lyonnais' Paris headquarters. The fire began in the main trading room of the bank and was one of the worst fires to damage a Paris building in 25 years. It burned for over 12 hours, destroying two-thirds of the building, along with crucial bank archives and computer data. In 1998, Crédit Lyonnais sold Crédit Lyonnais (Austria) to the Anglo Irish Bank. Crédit Lyonnais was fully privatized in 1999. In 2003 BNP Paribas built a position in the capital of the bank. However, in 2003, Crédit Agricole bought it and reorganised its operations :
- The investment banking business merged with Crédit Agricole Indosuez; the new entity took the name Calyon.
- The French retail banking network remained separate. In 2005 it was renamed LCL in order to avoid negative
references to its troubled recent history. It is owned by, but competes with, the existing French retail network of Crédit Agricole.
Address : 39 all. Scheffer, 2520 Luxemburg.
Website : www.e-private.com, Phone number : 352-2467-1
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