Adnan KASSAR is the Chairman and Chief Executive Officer of Fransabank Group, and has developed with his brother, the Vice Chairman, the bank into one of the largest and leading banks in Lebanon, and the most prominent one with regard to its international affiliations.
FRANSABANK has a long tradition of excellence in service to all people, and we pride ourselves on the impact and outreach we make in the communities we serve. At FRANSABANK, we provide a broad range of retail, commercial, corporate, investment and international banking services to local and international clients.
We are committed to provide our customers with the highest level of professionalism and integrity, first class services and products in the areas of banking and finance, and to confirm our position as a leading financial institution in the local, regional and international markets.
Vision & Mission
Vision
FRANSABANK is determined and committed to be a leading financial institution within the local and regional markets, and to provide quality service to its customers, through innovation, cutting edge,value added, banking services and financial solutions.
Mission
FRANSABANK is committed to:
- Consolidating and expanding its presence into selective regional and international markets.
- Adopting and implementing the highest international banking and finance norms and standards, corporate governance, and diligent compliance practices.
- Exceeding its customers’ expectations and fulfilling their needs and demands.
- Striving for distinguished quality service provided to its existing and potential customers.
- Promoting the entrepreneurial flair, decision-making and teamwork within the Bank.
- Generating increased value for its shareholders in a dynamic manner and on solid sustainable grounds.
- Remaining at the disposal of its agents and its communities by fully assuming its corporate and social responsibilities.
The commitment to our customers, staff, shareholders and community is essential to the Banks prosperity and ability to provide superior returns to our shareholders.
Core Values
- Integrity
- Loyalty
- Credibility
- Accountability
- Transparency
Our Shareholding / Strategic Alliances
FRANSABANK has several strategic alliances with leading international banks and financial institutions. FRANSABANK SALs shareholders include, at the sides of our Chairman Mr. Adnan KASSAR and his brother Mr. Adel KASSAR, CREDIT AGRICOLE of France, German Investment & Development Co. (DEG) of Germany, and the Public Institution for Social Security of Kuwait. Also, we have recently concluded a cooperation agreement with the French Caisse dEpargne Group whereby inter alia, we have just finalized their joining the shareholding of our French subsidiary Fransabank (France) SA.
Our Financial Standing
Throughout its history, FRANSABANK SAL, which is the oldest bank in Lebanon, has managed a healthy expansion whereby it continuously captured top rankings within the Lebanese Banking Sector. Presently, FRANSABANK is first in terms of network of local branches
· First in number of branches (103 branches)
· Third in terms of ROAE (14.54%)
· Fourth in terms of Shareholders’ Equity (US$ 756.55 million) and Net Profit (US$ 88.33 million)
· Fifth in terms of Customers’ Deposits (US$ 7,149.64 million) and Total Assets (US$ 8,454.52 million)
· Sixth in terms of Customers’ Loans (Net) (US$ 1,715.55 million)
· Eighth in terms of ROAA (1.13 %) and Cost to Income Ratio (53.25%).
Our Group Members & Network in Lebanon
FRANSABANK Group in Lebanon operates through a network of 102 branches, and includes the following entities:
o An Investment Bank : FRANSA INVEST BANK SAL
o Two Commercial Banks : FRANSABANK SAL and BLC BANK SAL
o Two Insurance Company: BANCASSURANCE SAL and FRANSABANK Insurance Services SAL
o A Leasing Company: LEBANESE LEASING COMPANY SAL
o An Electronic Payment Company: SWITCH & ELECTRONIC SERVICES SAL and International Payment Network SAL
o A Real Estate Company: SOGEFON SAL
Our Regional and International Presence
FRANSABANK has been pursuing, over the past few years, an expansion strategy in local, regional and international markets. Besides Lebanon, FRANSABANK has a presence in the following countries:
o France : FRANSABANK (FRANCE) SA
o Algeria : FRANSABANK EL DJAZAIR SPA
o Syria : FRANSABANK SYRIA SA
o Sudan : UNITED CAPITAL BANK
o Belarus : FRANSABANK OJSC
o Cuba : FRANSABANK CUBA REPRESENTATIVE OFFICE
o Libya : FRANSABANK LIBYA REPRESENTATIVE OFFICE
Our Services
Our bank has a long tradition of excellence in service and provides a broad range of products and services to cover: Retail ׀ Corporate ׀ Syndicated Loans ׀ Investment Banking Private Banking ׀ Leasing ׀ Insurance ׀
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