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Société Générale de Banque au Liban

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Societe Generale de Banque au Liban S.A.L. (SGBL, Arabic: بنك سوسيتيه جنرال في لبنان), founded in 1953, is a Lebanese bank. It is a subsidiary of SGBL Group,[1] which operates in Lebanon, and offers banking services in the Middle East (Lebanon, Jordan), the Gulf (United Arab Emirates) and Europe (Cyprus, France and Monaco).[2]

SGBL offers a range of banking services to individuals and companies.[1]

Antoun Sehnaoui is the company's chairman, chief executive officer and main shareholder.[3][4] The other main shareholders are Kafinvest Holding Lebanon Company SAL, Société Générale (France) and NSKINV Ltd.[4]

Société Générale (France) holding

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In 2020, local reports verified that Société Générale (France) did not divest from its holding in SGBL after an allegation that SGBL is a "troubled and mismanaged bank." Société Générale (France) had set aside provisions to compensate for the downgrade in Lebanon's credit rating for the previous fiscal year because the downgrade caused a decrease in the value of its holding in SGBL.[5][6]

Corporate social responsibility and sustainable development

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Corporate social responsibility and sustainable development have been an integral part of SGBL’s identity and they are based on four pillars: sports,[7] culture, society and economic growth.[citation needed]

See also

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References

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  1. ^ a b "Societe Generale de Banque au Liban, Lebanon | Head office, swift, bank profile". banksdaily.com. Retrieved 2021-02-26.
  2. ^ "SGBL Group partners with Backbase to transform banking experience in the Middle East". banquerichelieugcc.com. Retrieved 2021-02-26.
  3. ^ "Antoun Nabil Sehnaoui Cultural Space Inaugurated at the French Institute of Lebanon". Naharnet. May 13, 2019. Retrieved 2021-02-26.
  4. ^ a b "Shareholders". www.sgbl.com.lb. Retrieved 27 January 2022.
  5. ^ "Société Générale (France) is still shareholder in SGBL". BusinessNews.com.lb. 7 February 2020. Retrieved 27 January 2022.
  6. ^ "French SGBL Official Confirms Société Générale France Still Partner in Bank". 12 February 2020. Retrieved 27 January 2022.
  7. ^ "SGBL and Homenetmen Beirut Launch Their Co-Branded Cards Collection". naharnet. 14 March 2018. Retrieved 27 January 2022.
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