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BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
BLF and the GTFP October 23, 2008
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BLF and the GTFP October 23, 2008

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Transcript

  • 1.
    • BLF and the GTFP
    • October 23, 2008
    • Paris, France
    • Maurice Iskandar
    • Head of International
    • Banque Libano-Française
  • 2. Contents
    • Briefing: Lebanese banking sector
    • BLF - An overview
    • BLF – Key figures
    • BLF Group - Trade finance statistics
    • BLF and the GTFP
  • 3. Lebanese Banking Sector, July 2008
    • 55 commercial banks, 12 investment banks and 16 representative offices of foreign banks
    • Total Assets USD 90.7 bln, as at August 08. 10.2% increase since end of 2007 (up from USD 82.3 bln)
    • Total Deposits USD 76.4 bln, as at August 08. 11.8% increase since end of 2007 (up from USD 68.3 bln) 75% of deposits are in USD
    • Equity of banks USD 6.6 bln, as at August 08. 5% increase since end of 2007 (up from USD 6.3 bln)
    • GDP of Lebanon stood at USD 24.6 bln at the end of 2007 (1/3 of the banking sector size)
  • 4. BLF – An Overview
    • 1930 Branch of the French bank Compagnie Algérienne de Crédit et de Banque
    • 1967 Established as a bank under Lebanese law, with 72% French shareholding
    • 1970 Banque Indosuez acquires 5% direct interest in BLF capital
    • 1976 Established a subsidiary in Paris, Banque Libano-Française (France) which became in 1989 Banque Française de l’Orient SA
    • 1992 Banque Indosuez increases shareholding in BLF to 51%
    • 1996 Crédit Agricole acquires Banque Indosuez (now CALYON)
    • 2004 CALYON reduces its participation from 51% to 9%
    • 2006 Successful issue of USD 100 million preferred shares
    • 2006 Acquisition of 78.3% of Banque SBA established in Paris, with a branch in Limassol, a branch in Damascus Free Zone, a financial subsidiary in Geneva
    • 2007 Obtained approval of the Syrian authorities to establish Bank Al-Sharq (operations to be launched prior to end 2008)
    • 2008 Applied for a representative office license in Abu Dhabi
  • 5. BLF – Key Figures 1/2
    • High level of liquidity in foreign currencies (USD 1.5 bln) placed with major international correspondents in addition to liquid deposits with the Central Bank of Lebanon
    • Lowest exposure among peers to Lebanese government risk denominated in foreign currency (less than 5% of deposits in foreign currencies)
    • Total Consolidated Assets for half year 2008 reached USD 6.2 bln showing a 3.3% increase since end of 2007 (up from USD 6 bln)
  • 6. BLF – Key Figures 2/2
    • Total Deposits for half year 2008 reached USD 5.1 bln showing a 2.6% increase since end of 2007 (up from USD 5 bln) 75% of deposits are in foreign currency
    • Total equity of USD 480 mln which is one of the highest in the sector leading to a CAR of 19%
    • Numerous agreements signed with regional and international institutions such as the International Finance Corporation (IFC), Overseas Private Investment Corporation (OPIC), European Investment Bank (EIB), Agence Française de Développement (AFD) , Arab Trade Finance Program (ATFP) among others
  • 7. BLF Group – Trade Finance Statistics
    • BLF holds a leadership position in Trade Finance in Lebanon,
    • with strong technical expertise (ranked 3 rd in total L/C openings)
  • 8. BLF Group – Trade Finance Statistics Banque SBA is the most active Lebanese-owned bank in France in Trade Finance
  • 9. BLF and the GTFP
    • BLF / IFC partnership goes back to 1996 long before the GTFP launch
    • October 2005, BLF joined the GTFP as issuing bank. BLF was the second bank worldwide to become part of the program
    • In 2006, BLF joins the GTFP as confirming bank
    • June 2007, IFC awarded “Best Use of GTFP Network by an Issuing Bank” to BLF
    • Total transactions done by BLF under GTFP is USD 131 mln (104 transactions). Transactions include confirmation of:
        • LCs
        • Bid Bonds
        • Performance Bonds
        • Advance Payment Guarantees
        • Financial Guarantees
    • Countries where BLF used GTFP include Australia, Saudi Arabia, UAE, Qatar, France, Japan, Greece, Turkey, etc.

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