Société Générale de Banque au Liban
Lebanese bank
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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, and a subsidiary of SGBL Group,[1] and offers banking services in the Middle East (Lebanon, Jordan), the Gulf (United Arab Emirates) and Europe (Cyprus, France and Monaco).[2]
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]
SGBL offers a range of banking services to individuals and companies.[1]
Société Générale (France) holding
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
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]