Understanding BLC Bank Governance and Operations

BLC Bank's governance structure is overseen by a Board of Directors, which ensures the bank's strategic direction and decision-making process.

The Board is composed of experienced professionals from various backgrounds, providing a diverse perspective to guide the bank's operations.

BLC Bank's operations are managed by a team of skilled professionals, including the CEO, who is responsible for implementing the bank's strategic plans and overseeing its day-to-day activities.

The bank's operations are divided into various departments, each responsible for specific functions, such as retail banking, corporate banking, and risk management.

BLC Bank has a governance structure that ensures its operations are transparent and accountable. The bank's Board of Directors is responsible for setting the overall direction and strategy.

The Board of Directors consists of experienced professionals with a strong background in finance and banking, bringing a wealth of knowledge to the table.

The Executive Committee of BLC BANK S.A.L. is responsible for making key decisions and overseeing the bank's operations. This team is led by Bassam Farid Hassan, who has been the Chief Executive Officer since June 5, 2018.

Hani Dannawi has been a member of the Executive Committee since December 31, 1998, serving as the Director of Finance and Chief Financial Officer. His extensive experience in finance is invaluable to the bank.

Georges Nammour serves as the Chief Operating Officer, but his start date is not specified. Pierrot Atallah is the Chief Tech/Sci/R&D Officer, and his start date is also not specified.

Elizabeth El-Khazen is the Chief Administrative Officer, and her start date is not provided.

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The Board of Directors at BLC BANK S.A.L. is composed of seven members, led by Chairman Nadim Adel Kassar, who has been in the role since June 5, 2018.

Nadim Adel Kassar is 61 years old and has been at the helm of the bank's board since 2018. His leadership experience is invaluable to the bank's success.

The other board members are Adnan Wafiq Al-Kassar, Adel Wafiq Al-Kassar, Nazem El-Khoury, Nabil Adel Kassar, Walid Daouk, Mansour Qaiser Bteish, and Henri de Courtivron.

Here is a breakdown of the board members' ages:

Sarkis D. Yoghourtdjian is the only board member with an unknown age.

BLC Bank has a total funding of $6M over 1 round. This funding was raised in a single unattributed round on April 23, 2021.

The bank's latest funding round was participated by only 1 investor, FMO. The funding amount was $6M.

BLC Bank's funding rounds are part of a larger ecosystem, with over 491K funding rounds and 208K+ investors across the globe.

BLC Bank's shareholder structure is dominated by a single entity, with Fransabank holding a significant 68.58% stake.

This is a notable concentration of ownership, which can have implications for the bank's decision-making and direction.

The majority owner of Fransabank is Fransabank SAL, which was established in 1921 and is listed as the oldest bank in Lebanon.

Another significant shareholder is Holding M. Sehnaoui SAL, which owns 18.44% of BLC Bank and was established in 2000 by Maurice Sehnaoui.

Here's a breakdown of the top shareholders:

BLC Bank has a few competitors in the Lebanese banking market.

One of its main competitors is Byblos Bank, which offers a wide range of banking services including loans, credit cards, and investment products.

Another competitor is Fransabank, which has a strong presence in Lebanon and offers a variety of banking services such as deposits, loans, and foreign exchange services.

BLOM Bank is also a notable competitor, with a large network of branches and ATMs across Lebanon.

In terms of digital banking, BLC Bank's competitors include banks like Audi Bank and BankMed, which offer mobile banking apps and online banking services.

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BLC Bank takes the security of your investments seriously. They commit to taking reasonable administrative and technical measures to protect your data from loss, misuse, or unauthorized access.

The bank also acknowledges that security cannot be guaranteed against all threats, but they will notify you promptly in case of a data breach that may cause you harm. This transparency is reassuring, especially in today's digital landscape.

To ensure your security, BLC Bank requires you to maintain the protection of your identification, authentication, and security measures, such as PIN numbers, usernames, and passwords.

BLC Bank has been actively making investments and acquisitions in various companies. One notable example is their investment in Ecomz in 2019, a company founded in 2015 and based in Jounieh, Lebanon.

In 2017, BLC Bank invested in Feedeed, a company established in 2014 and located in Beirut, Lebanon. This investment highlights the bank's focus on supporting innovative businesses.

Cinemoz, a company founded in 2011 and also based in Beirut, Lebanon, was another recipient of BLC Bank's investment in 2014.

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Data Security is a top priority when it comes to protecting your investments and personal information. The Bank commits to taking appropriate and reasonable measures for data safety.

You are responsible for protecting your personal data and maintaining the security of your accounts, just like I lock my digital files with strong passwords. This includes PIN numbers, usernames, passwords, mobile devices, card numbers, and account numbers, as described in the relevant contracts and terms and conditions.

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To ensure your security, carefully read the terms and conditions related to the websites or platforms you use before submitting your personal data. This is a crucial step to avoid any potential risks.

In the unlikely event of a data breach, the Bank will notify you without undue delay. However, security cannot be absolutely guaranteed against threats, so it's essential to stay vigilant and take proactive measures to protect your data.

You can contact the Bank's Data Protection Officer (DPO) at the following address for any matters related to data protection:

By taking these steps and being informed about data security, you can enjoy peace of mind and protect your investments and personal information.

BLC Bank has a solid foundation in place when it comes to regulatory and legal matters, thanks to national law no# 81/2018, the General Data Protection Regulation (GDPR), and BDL circular no # 146/2018.

These provisions aim to protect individuals from having their personal data misused or mishandled, and BLC Bank is committed to complying with them. The bank ensures that the data collected is effectively protected to fulfill individuals' reasonable expectations of privacy.

BLC Bank's compliance with applicable laws and regulations is a top priority, and they take the necessary steps to avoid significant penalties on organizations that fail to meet their regulatory obligations.

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BLC Bank has a robust legal and regulatory framework in place to protect individuals' personal data. The main legal basis for this framework is the General Data Protection Regulation (GDPR) and national law no# 81/2018.

The bank aims to protect individuals from having their personal data misused or mishandled, and to assure them that their personal information is being securely protected. This is achieved through the implementation of national law no# 81/2018, BDL circular no # 146/2018, and the GDPR.

Individuals have the right to control their personal data, and BLC Bank is committed to giving them this control. The bank will ensure that the data collected is effectively protected in order to fulfill individuals' reasonable expectations of privacy.

BLC Bank's data protection policy is designed to establish individuals' rights and create responsibilities for businesses. This policy sets guidelines for handling and storing personal data. The bank will ensure that data is protected and that individuals are notified in the event of a data breach.

In the event of a data breach, BLC Bank will notify individuals without undue delay. The bank will also take appropriate and reasonable administrative and technical measures to protect data from accidental or unlawful loss, misuse, or access.

Third Party Agreements are crucial in ensuring that data is handled and processed securely. BLC must include specific contractual requirements in any agreement with a data processor.

To ensure compliance, BLC will consider the following requirements when dealing with a third party:

BLC Management has the right to decide how personal data is handled and processed. The Data Protection Officer (DPO) is responsible for ensuring that all staff adheres to the instructions reflected in this policy.

The DPO's duties include ensuring incorporation of data protection requirements & best practices into business processes.