landmarks - Société Générale de Banque au Liban

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landmarks - Société Générale de Banque au Liban
inside report 09-part1
12/21/10
8:01 PM
Page 13
LANDMARKS
inside report 09-part1
12/21/10
8:01 PM
Page 14
LANDMARKS
1953
1969
1996
1991
The Bank is incorporated as Banque
Belgo-Libanaise sal, a partnership
between Michel Sehnaoui & Sons,
Banque Belge pour l’Etranger and
Compagnie Belge de Banque et de
Gestion.
Société Générale France acquires a
25% stake in Banque Belgo-Libanaise,
establishing Société Générale LibanoEuropéenne de Banque sal (SGLEB).
Sogelease Liban sal (financial
Société
Générale
Franceinpurchases
institution
specialized
financial
the
sharesisof incorporated
Société Générale
leasing)
as dea
Banque-Bruxelles
subsidiary of SGLEB.in Lebanon and
Cyprus. Société Générale’s stake in
SGLEB rises to 50%.
1999
The Bank acquires a majority stake in
Fidus sal, a leading financial
institution in Lebanon.
2000
2001
SGLEB is the first banking institution
in Lebanon to enter the Jordanian
market by acquiring a 37.3% stake in
the Middle East Investment Bank
(MEIB) and taking control of its
management.
Société Générale Libano Européenne
de Banque sal becomes Société
Générale de Banque au Liban sal
(SGBL).
The Bank starts an offshore branch in
the free zone in Syria.
SGLEB acquires Inaash Bank sal.
SOGECAP LIBAN sal (a subsidiary
specialized in life insurance activities)
is incorporated.
14
Centre de Traitement Monétique
(CTM), a card processing company, is
established by the Bank (50%) and
Banque Libano-Française (50%).
inside report 09-part1
12/21/10
8:01 PM
Page 15
LANDMARKS
1996
1997
Sogelease Liban sal (financial
institution specialized in financial
leasing) is incorporated as a
subsidiary of SGLEB.
SGLEB acquires Banque J. Geagea sal.
2002
2003
2007
SG Cyprus, the Bank’s sister company,
starts its onshore activities.
SGBL becomes the majority
shareholder of MEIB; the subsidiary’s
name becomes Société Générale de
Banque – Jordanie (SGBJ).
The Bank’s Board of Directors
appoints Mr. Antoun Sehnaoui as the
new Chairman and General Manager
of SGBL, following a redistribution of
shares among the Sehnaoui family
members.
1992
SGLEB acquires Globe Bank sal.
2009
SGBL acquires a majority share in
Société Générale Cyprus, which
becomes Société Générale Bank –
Cyprus (SGBCy).
SOCIÉTÉ GÉNÉRALE DE BANQUE AU LIBAN | ANNUAL REPORT 2009
15
inside report 09-part1
12/21/10
8:01 PM
Page 16

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