Saturday, January 16, 2021

BankMed

Jimmypapas:


[[File:Bank-med-logo-1.png|thumb]]
'''BankMed SAL''' (formerly Banque de la Méditerranée S.A.L<ref>https://ift.tt/3qDr0pZ) is a Lebanese bank, owned by the holding company GroupMed<ref>Liquid error: wrong number of arguments (given 1, expected 2)</ref>, that provides commercial and private banking services<ref></ref>. It has 44 branches in Lebanon, one in [[Cyprus]]<ref>Liquid error: wrong number of arguments (given 1, expected 2)</ref>, and operates a bank in [[Geneva]]<ref> Financial Times|url=https://www.ft.com/content/a013bfa2-8fdc-11e0-954d-00144feab49a|access-date=2021-01-16|website=www.ft.com}}</ref>. BankMed is owned by the family of [[Rafic Hariri|Rafiq Hariri]]<ref></ref>, the former prime minister and billionaire business man who was assassinated in 2005. The bank is also the largest shareholder in [[Solidere]]<ref> Financial Times|url=https://www.ft.com/content/a013bfa2-8fdc-11e0-954d-00144feab49a|access-date=2021-01-16|website=www.ft.com}}</ref>, the real estate developer that rebuilt [[Beirut Central District|Beirut’s Central District]] after the end of the [[Lebanese Civil War]].

== History ==
It was established in 1944<ref></ref>, and has since grown to become one of Lebanon’s top banks. In 2006, it set up [https://ift.tt/3nXKOCJ SaudiMed] investment company in [[Saudi Arabia]], which is focused on structured finance as an alternative to bank lending.<ref> Financial Times|url=https://www.ft.com/content/a013bfa2-8fdc-11e0-954d-00144feab49a|access-date=2021-01-16|website=www.ft.com}}</ref>

== Services ==
it provides a broad range of retail banking, wealth management, brokerage and investment banking products and services to both individuals and companies. Its market share is around 10% of the total of the Lebanese banking system<ref></ref>. BankMed's total profits reached $90.7 billion by the end of 2009<ref></ref>.

== External links ==
[https://ift.tt/1uxAz5K Official Website]

== References ==
<references />
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from Wikipedia - New pages [en] https://ift.tt/2XL0EFY
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