Bankmed
Lebanese bank
From Wikipedia, the free encyclopedia
Bankmed SAL (Arabic: بنك البحر المتوسط ش.م.ل; formerly Banque de la Méditerranée S.A.L)[1][2] is a Lebanese bank, established in 1944,[3] owned by the holding company GroupMed.[4][5] It is one of Lebanon’s top five banks by both assets and deposits,[6] and has 36 branches in Lebanon,[7] and one in Geneva (called Bankmed Suisse).[8][9] Bankmed is owned by the family of Rafic Hariri,[5][6] the former prime minister and billionaire businessman who was assassinated in 2005.[10] The bank is also the largest shareholder in Solidere,[11] the real estate company that rebuilt Beirut's Central District after the Lebanese Civil War.[12]
| |
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | Beirut, Lebanon |
| Headquarters | , |
Area served | |
In 2020, former minister Raya El Hasan was appointed as chairperson of the board[13][14] after the resignation of Mohammad Hariri.[15]
Bankmed’s total assets by 2018 were $19 billion.[16]
Background
Egypt-based Jordanian businessman Alaa Al Khawaja acquired the 42.24 percent stake of Ayman Hariri in GroupMed Holding which fully owns Bankmed. The other shareholders in GroupMed are Saad Hariri (42.24%) and Nazek Hariri (the remaining 15.5 percent).[16]
Key people
- Raya El Hasan, Chairperson of the Board
- Michel Accad, Executive General Manager[16]
- Nazik Hariri, Board Member