landmarks - Société Générale de Banque au Liban
Transcription
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