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- 01
- 04
- 2019
BBAC Chairman’s opinion piece on Lebanon’s banking sector and financial situation
In light of the recent government formation in Lebanon and amidst economically hardened circumstances, the banking sector has proven time and time again that it can sail steadily in the stormiest of weathers.
BBAC’s Chairman Mr. Ghassan Assaf, in the opinion piece, expressed confidence in the latter all the while specifying specific key indicators that have spelled positively concerning the financial situation in the country.
Click here to read the full article.
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- 14
- 01
- 2019
BBAC opens its 41st branch in Kousba
BBAC has opened its new branch in the Northern city of Kousba, district of Koura.
The branch opening comes in line with the bank’s expansion strategy to grow its geographic footprint in strategic areas in Lebanon, especially in the North Area, and serve its clients wherever they are, as well as attract new clients with its quality products and services.
In addition to being situated in a strategic location, the new Kousba branch enjoys a modern design reflecting the new corporate identity recently launched by BBAC. Moreover, the branch has been equipped with the latest tools and technologies, in order to offer customers an optimal banking experience.
On the occasion, Mr. Nadim Hemade, AGM for Banking at BBAC, said: “The opening of the new Kousba branch is a reflection of the bank’s interest in the dynamic region of the North, and its commitment to its customers, by providing them with the best banking services, products and solutions both quickly and efficiently, in addition to participating in Lebanon’s social development and economic growth. BBAC’s efforts come forward as it looks to achieve its future aspirations of becoming more than just a bank, but rather the preferred financial partner.”
With the opening of the Kousba branch, BBAC will now be at its 41st local branch all over Lebanon, in addition to 4 international branches in Cyprus and Iraq, and a representative office in each of the UAE and Nigeria.
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- 11
- 01
- 2019
BBAC and Saint Joseph University launch the 'Sheikh Toufic Assaf Scholarship Fund'
In support of education and youth, BBAC, headed by its Chairman Sheikh Ghassan Assaf and Saint Joseph University led by Professor Salim Daccache s.j, signed a Memorandum of Understanding (MOU) to establish a joint fund in the name of late Sheikh Toufic Assaf, founder of BBAC in 1956. The fund aims at granting scholarships to deserving students in need of assistance to pursue their higher education. In the scope of the MOU, the contribution of both parties has been determined at an equal amount, to be paid in two installments over 2019 and 2020. This initiative comes as a tribute to the memory of Sheikh Toufic Assaf, a supporter of youth and their ambitions, who had a significant impact on the Lebanese society through his role in the industrial and banking sectors as well as in politics.
Professor Daccache when speaking of the great qualities of Sheikh Toufic Assaf and BBAC said, “I see three qualities that apply both to him and to the bank he established, in addition to the other businesses he started: Composure, efficiency and the love of giving opportunities to the youth.” Daccache further added, “As a dedicated university established for the whole country, today we are very pleased to inaugurate such a partnership with BBAC through a special fund under the name of Sheikh Toufic Assaf. For such an initiative not only commemorates his beloved memory but confirms his message and the mission of the bank in supporting education for all. For it is through education that countries are made, ignorance is abolished and the bridges of communication and love are built between people.”
Sheikh Ghassan Assaf, in his turn, asserted in the occasion, “the students of Saint Joseph University are a young republic essence, capable of building the republic of the modern age”; thus, summarizing part of the way the bank sees the pioneers of the future graduating from the university, and going out in the world to work for a prosperous country. He concluded, “Back to the ever-present in our minds, Sheikh Toufic Assaf, who was young at spirit through all the stages of his patriotic and professional life, looking to the future with the hope of achieving his dreams and ambitions. The future of the Lebanese youth is, in fact, one of his undying dreams. Today, we have the opportunity to take part in a prestigious university that gives a number of its students the chance to complete their education and achieve their goals in the country of missed opportunities. Today, and to fulfill our promise of being “Your Caring Bank”, we plant in Saint Joseph University in hopes that Lebanon harvests accredited competences in all fields.”
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- 19
- 11
- 2018
BBAC Supports “Pour Toi Aznavour”, a Tribute to a Legend
BBAC supported, as main sponsor, the tribute to Charles Aznavour, the legendary French-Armenian singer. Entitled “Pour Toi Aznavour”, the tribute concert, directed and executed by Maestro Harout Fazlian, was held under the patronage of H.E. General Michel Aoun, President of the Lebanese Republic, in the presence of the First Lady of Lebanon Mrs. Nadia Aoun, Chairman of BBAC Mr. Ghassan Assaf and his spouse, key political, religious and public figures, in addition to a crowd of guests.
This musical and cultural concert, which was organized by the Lebanese National Higher Conservatory of Music and the Hamazkayin Armenian Educational and Cultural Society, took place at the Saint Joseph Church in Ashrafieh and witnessed huge success with the performance of the incredibly talented Lebanese Philharmonic Orchestra led by Maestro Fazlian.
On the occasion, Mr. Assaf paid homage in his speech to the multi-talented artist and great person Charles Aznavour while drawing a parallel between his lifelong strive for success to become a global legend, and the success of the Lebanese Armenian community that has enriched Lebanon with its skills and talents, significantly contributing to the Lebanese economy to become a main foundation in the country.
The tribute concert spanned two nights and saw hundreds of admirers of the late artist gather from all corners of Lebanon to bid him a last farewell.
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- 07
- 11
- 2018
BBAC Wins BDL Banks Mini Football Championship 2018
BBAC won, for the second consecutive year, the BDL Banks Mini Football Championship organized by Sports Mania. Held under the patronage of Mr. Riad Salameh, Governor of Lebanon's Central Bank, this year’s championship saw the participation of teams from 12 banks.
The crowds cheered as BBAC team won over Audi Bank team (2-0) in the final match, which took place at Sports Avenue in Hazmieh.
International referee, Vartan Matossian, presided over the match, and Al-Ansar Sporting Club Captain Moutaz Billah Al Junaidi, handed the championship trophy to the winning team. BBAC team was also qualified for another football championship that will be held in Dubai in March 2019.
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- 29
- 10
- 2018
Breast cancer awareness seminar
On the occasion of the International Breast Cancer Awareness month, BBAC, in collaboration with the Lebanese Breast Cancer Foundation, held a seminar for its female employees to raise awareness about breast cancer.
The seminar was given by Dr. Naji El Saghir where he presented to the attendees the latest facts, along with some informative tips for Breast Cancer home test, in addition to other important details.
Dr. Naji El Saghir is Professor of Clinical Medicine, Director of the Breast Cancer of Excellence, Head of the Hematology-Oncology Division, Department of Internal Medicine at the American University of Beirut Medical Center, and President of the Lebanese Breast Cancer Foundation.
For more information on Breast Cancer, please visit www.lbcfoundation.org
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