History

History

MEAB bank s.a.l was founded in 1991 as a commercial bank in Lebanon. Following the tremendous success of the founders’ business ventures developing underserved regions of Africa, they applied their experience and entrepreneurial skills to establish MEAB bank in their home country. Since opening the first branch in Verdun, MEAB bank has expanded from a small, corporate bank to a full-service bank with over 20 branches throughout Lebanon and two in Iraq. Today the Bank enjoys a reputation for high-quality services and standards, and a strong record of modernization and growth.

In its short history, MEAB bank has established itself quickly as a trusted and growing bank. Over the years MEAB bank has been recognized by many institutions and agencies for its established reputation as a trusted and growing bank. In 2011, Banker Middle East awards named MEAB bank as the “Fastest Growing Bank in Lebanon”. The World Finance Banking Awards named MEAB bank “Best Private Bank in Lebanon” in 2012 and “Best Retail Bank in Lebanon” in 2015.

With the focus on achieving sustainable, profitable growth, while improving quality services, the bank continues its domestic expansion with the objective of expanding its distribution network and increasing its product penetration. MEAB bank is doing so with its continued commitment to compliance with local and international standards of anti-money laundering and counter terrorism financing and FATCA, to ensure safe and sound banking to its customers.

Today, the Lebanese Banking sector is working through 59 active banks distributed  as follows :

  • Alpha group      : 16  bank with deposits over 2 billion USD
  • Beta group        : 15  bank  with deposits between 500 million and 2 billion USD
  • Gamma group   : 7  bank with deposits between 200 and 500 millions USD
  • Delta group       : 21 bank with deposits under 200 million USD

 MEAB is the eighteenth   largest bank by deposits among all the active banks in Lebanon.

 MEAB is ranked as second bank by total deposits within the Beta group   

Currently, MEAB SAL has:

  • a network of 20 branches throughout Lebanon and 2 branches in Iraq dedicated to provide its customers with prime banking services. 
  • 29 ATMs
  • 299 employee
  • Over  11000 customers

MEAB ranked in 2018 among Lebanese banks as follows:

  Ranking in Beta Group Ranking among All Lebanese banks
Ranked By:  2018 2017 2018 2017
Deposits 2 3 18 19
Total Assets 2 3 18 19
Shareholders Equity 4 3 20 19
Net Profit 8 5 24 21

 

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