BBAC Celebrates 30th Anniversary in Cyprus with a New Branch Premises

On the occasion of its 30th  anniversary in Cyprus, BBAC celebrated the inauguration of its new branch premises in Limassol in the presence of the President of the Republic of Cyprus Mr. Nicos Anastasiades, BBAC’s Chairman and General Manager Sheikh Ghassan Assaf, the Governor of the Central Bank of Cyprus Mrs. Chrystalla Georghadji, the Governor of the Central Bank of Lebanon Mr. Riad Salameh represented by his Vice-Governor Dr. Saad Andary and a number of prominent economic, political, diplomatic and social figures, as well as customers and BBAC employees.

The branch was moved to a new spacious bank-owned building with a modern and unique design, in order to expand services and products and to serve the largest number of customers in a private and comfortable atmosphere, according to the highest level of delicate service. The relocated branch was provided with all modern facilities in accordance with the development plan implemented by the bank, which aims to upgrade all its branches in order to give customers a more distinctive banking experience.

In his speech, BBAC’s Chairman and General Manager Sheikh Ghassan Assaf said: “For decades the people of Cyprus and Lebanon have continuously built bridges of cooperation that resulted in stronger political, cultural and social ties. At BBAC, we are proud to be the builders of one of those bridges that has stood strong for 30 years, and with today’s inauguration of our new premises, we are set to continue for decades to come, our cooperation and partnership with the people of Cyprus.”

He added: “The new premises which we celebrate today is the result of cooperation between Cypriot and Lebanese architects and has been built in a spirit that reflects the deep bonds among our people, especially as both people have proved the ability to face difficult times and to overcome challenges successfully and continue to move forward.”

Finally, Sheikh Assaf thanked the BBAC staff that served throughout the bank’s 30 years presence’ in Limassol for their hard work and loyalty and reiterated his deep appreciation to the President of the Republic of Cyprus, Mr. Nicos Anastasiades for his presence and support to BBAC’s new pace, which is a milestone in the list of the achievements of the bank. He also thanked the guests for attending the event and their confidence in BBAC, and reaffirmed the promise that BBAC will remain “Your Caring Bank”.

In addition to the new breakthrough in Cyprus, BBAC is preparing for the opening of two new branches in Basra and Sulaymaniyah, Iraq, in addition to its existing branches in Erbil and Baghdad. It is worth mentioning that the bank has a representative office in the United Arab Emirates (Abu Dhabi) and is preparing to open a new one in West Africa (Nigeria-Lagos).

The bank also has an extensive domestic branches network comprised of 39 branches dispersed throughout various Lebanese regions, with the opening of the latest branch in Hazmieh. BBAC also plans to inaugurate new branches in the near future.

BBAC Celebrates the Inauguration of its Hazmieh Branch

BBAC celebrated the opening of its new branch in Hazmieh area. The move comes from the bank’s belief in this area’s potential of being a connecting point between Lebanese regions. Sheikh Ghassan Assaf, BBAC's Chairman and General Manager, inaugurated the branch in the presence of political and social figures as well as media representatives.

The new branch is distinguished by its sophisticated design and strategic location on Damascus International road, in addition to being equipped with the latest banking technologies, which aims to offer its customers, both individuals and companies, a more distinctive and comprehensive banking experience.

Sheikh Assaf commented: "The new branch is qualified to be one of the strongest among all our branches in Lebanon. We have dedicated space, staff, and all required support to insure a swift and successful launch for the new branch."

He added: “With the opening of Hazmieh branch, the number of BBAC branches reaches 39 branches in Lebanon in addition to the five branches abroad. We affirm our commitment to further develop and expand our network domestically and regionally, which reflects the bank's care for its customers and its commitment to providing the best banking services and products.”

BBAC always seeks to expand its branch network to better serve clients’ needs while bolstering the ability to effectively provide all necessary services throughout Lebanon, reaffirming BBAC as “Your Caring Bank”.”

BBAC Funds and Launches Solar-Powered Groundwater Extraction Project

BBAC inaugurated a groundwater extraction project using solar power in Maknah village, Bekaa. The ceremony took place under the patronage of the Ministries of Industry and Agriculture in the municipality premises in the presence of political, social and economic personalities and dignitaries of the region.

The project is a step in the right direction to overcome the many environmental and economic challenges Lebanon currently faces. Thanks to BBAC’s Kafalat loan, Mr. Fadi Al-Mokdad, the Head of the Municipality of Maknah implemented smart and advanced solutions for the installation of solar-powered groundwater pumping system for fields’ irrigation, so as to develop his business through sustainable environmental solutions that ensure energy saving and environmental protection.

Mr. Nadim Hamadeh, Assistant General Manager for Banking at BBAC gave a speech during the ceremony and commented: "The best way to cope with all the difficulties in Lebanon is through alternative and smart solutions for economic and environmental issues that can lead to economic growth and progress, while protecting the environment. We at BBAC strive to build a modern economy based on innovation and technological progress. We also aim to create new jobs to build a successful future for Lebanon.”

He added: "Today we are launching a project that was highly supported by our bank, and was made possible through the Kafalat loan. This loan is an example of the importance of cooperation between private companies, banks, and the Central Bank of Lebanon, under the sound supervision and management of Kafalat Company."

BBAC always seeks to help small and medium-sized enterprises and aspiring entrepreneurs grow by supporting them through financial services and development initiatives provided by the bank, based on BBAC’s mission to be "Your Caring Bank."